Historic Malaysian ringgit Eritrean nakfa

Malaysian ringgit eritrean nakfa history for February 2024. The highest quote for this month is 3.1958 (03/02/2024) and the lowest 3.1947 (02/02/2024). The difference between high and low is 0.03.

MYR ERN average rate for February 2024 is 3.16242, the change between 01/02/2024 and 29/02/2024 is +0.96 %.

01 February 20241 MYR = 3.188 ERN
02 February 20241 MYR = 3.185 ERN
03 February 20241 MYR = 3.192 ERN
04 February 20241 MYR = 3.192 ERN
05 February 20241 MYR = 3.196 ERN
06 February 20241 MYR = 3.170 ERN
07 February 20241 MYR = 3.164 ERN
08 February 20241 MYR = 3.162 ERN
09 February 20241 MYR = 3.161 ERN
12 February 20241 MYR = 3.160 ERN
13 February 20241 MYR = 3.164 ERN
14 February 20241 MYR = 3.163 ERN
15 February 20241 MYR = 3.147 ERN
16 February 20241 MYR = 3.154 ERN
17 February 20241 MYR = 3.154 ERN
18 February 20241 MYR = 3.154 ERN
19 February 20241 MYR = 3.154 ERN
20 February 20241 MYR = 3.146 ERN
21 February 20241 MYR = 3.142 ERN
22 February 20241 MYR = 3.140 ERN
23 February 20241 MYR = 3.156 ERN
24 February 20241 MYR = 3.156 ERN
25 February 20241 MYR = 3.156 ERN
26 February 20241 MYR = 3.153 ERN
27 February 20241 MYR = 3.156 ERN
28 February 20241 MYR = 3.162 ERN
29 February 20241 MYR = 3.158 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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

22/01/2015: Dollarization policy imposed

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

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.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

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.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.
MYR ERN January 2024
MYR ERN February 2024
MYR ERN March 2024
MYR ERN April 2024
MYR ERN May 2024
MYR ERN June 2024
MYR ERN July 2024
MYR ERN August 2024
MYR ERN September 2024
MYR ERN October 2024
MYR ERN November 2024
MYR ERN December 2024
MYR ERN January 2025