Historic Hungarian forint Eritrean nakfa

Hungarian forint eritrean nakfa history for January 2024. The highest quote for this month is 0.043644 (07/01/2024) and the lowest 0.043897 (06/01/2024). The difference between high and low is -0.58.

HUF ERN average rate for January 2024 is 0.0431, the change between 01/01/2024 and 31/01/2024 is +2.94 %.

01 January 20241 HUF = 0.0435 ERN
02 January 20241 HUF = 0.0435 ERN
03 January 20241 HUF = 0.0432 ERN
04 January 20241 HUF = 0.0433 ERN
05 January 20241 HUF = 0.0436 ERN
06 January 20241 HUF = 0.0436 ERN
07 January 20241 HUF = 0.0437 ERN
08 January 20241 HUF = 0.0436 ERN
09 January 20241 HUF = 0.0437 ERN
10 January 20241 HUF = 0.0435 ERN
11 January 20241 HUF = 0.0437 ERN
12 January 20241 HUF = 0.0436 ERN
14 January 20241 HUF = 0.0435 ERN
15 January 20241 HUF = 0.0435 ERN
16 January 20241 HUF = 0.0436 ERN
17 January 20241 HUF = 0.0432 ERN
18 January 20241 HUF = 0.0432 ERN
19 January 20241 HUF = 0.0428 ERN
22 January 20241 HUF = 0.0430 ERN
23 January 20241 HUF = 0.0427 ERN
24 January 20241 HUF = 0.0424 ERN
25 January 20241 HUF = 0.0424 ERN
26 January 20241 HUF = 0.0424 ERN
28 January 20241 HUF = 0.0422 ERN
29 January 20241 HUF = 0.0421 ERN
30 January 20241 HUF = 0.0420 ERN
31 January 20241 HUF = 0.0423 ERN

08/04/2020: COVID-19 impact on currency circulation

Due to the COVID-19 pandemic, circulation of nakfa banknotes decreased as people relied more on digital transactions.

25/02/2019: Introduction of new nakfa banknotes

Eritrea introduced new banknotes in denominations of 5, 10, 20, 50, and 100 nakfa.

30/10/2018: Currency devaluation

Eritrea devalued the nakfa by 14%, reducing its official exchange rate to 1 USD = 15 ERN.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

09/03/2012: Introduction of New Banknotes

Hungary introduced new banknotes with enhanced security features, aiming to combat counterfeiting and improve the forint's credibility.

23/10/2008: Global Financial Crisis

The global financial crisis had a significant impact on the Hungarian forint, resulting in a significant depreciation against major foreign currencies.

14/11/2005: Currency redenomination

The Eritrean nakfa underwent a redenomination where old nakfa notes were replaced with new nakfa notes in a ratio of 1:1,000.

01/05/2004: Accession to the European Union

Hungary joined the European Union, bringing the forint closer to the eurozone and influencing its future trajectory as an EU currency.

28/02/2001: Currency Exchange Rate Stability

The Hungarian government adopted a policy of maintaining a stable exchange rate for the forint against the euro, contributing to the currency's stability.

08/11/1997: Introduction of the Eritrean nakfa

The Eritrean nakfa was introduced as the official currency of Eritrea, replacing the Ethiopian birr.

08/11/1997: Currency exchange rate fixed

The Eritrean nakfa was fixed at an exchange rate of 1 USD = 10 ERN.

16/06/1989: Transition to a Market Economy

Hungary implemented economic reforms, including the transition from a planned economy to a market economy, with significant impacts on the forint's value and exchange rate.

20/08/1949: Forint becomes a planned economy currency

Hungary's currency, including the forint, became part of the planned socialist economy under the control of the Hungarian Workers' Party.

03/08/1946: Introduction of the Forint

The forint was introduced as the official currency of Hungary, replacing the previous pengő, which had been severely devalued during World War II.
HUF ERN January 2024
HUF ERN February 2024
HUF ERN March 2024
HUF ERN April 2024
HUF ERN May 2024
HUF ERN June 2024
HUF ERN July 2024
HUF ERN August 2024
HUF ERN September 2024
HUF ERN October 2024
HUF ERN November 2024
HUF ERN December 2024
HUF ERN January 2025