Mexican peso eritrean nakfa exchange rate history (MXN ERN) December 2023

Mexican peso eritrean nakfa history for December 2023. The highest quote for this month is 0.89013 (28/12/2023) and the lowest 0.89333 (28/12/2023). The difference between high and low is -0.36.

MXN ERN average rate for December 2023 is 0.87616, the change between 01/12/2023 and 31/12/2023 is -2.64 %.

01 December 2023	1 MXN = 0.8661 ERN
02 December 2023	1 MXN = 0.8766 ERN
03 December 2023	1 MXN = 0.8766 ERN
04 December 2023	1 MXN = 0.8756 ERN
05 December 2023	1 MXN = 0.8634 ERN
06 December 2023	1 MXN = 0.8670 ERN
07 December 2023	1 MXN = 0.8717 ERN
08 December 2023	1 MXN = 0.8614 ERN
10 December 2023	1 MXN = 0.8685 ERN
11 December 2023	1 MXN = 0.8687 ERN
12 December 2023	1 MXN = 0.8676 ERN
13 December 2023	1 MXN = 0.8709 ERN
14 December 2023	1 MXN = 0.8718 ERN
15 December 2023	1 MXN = 0.8767 ERN
16 December 2023	1 MXN = 0.8762 ERN
17 December 2023	1 MXN = 0.8742 ERN
18 December 2023	1 MXN = 0.8739 ERN
19 December 2023	1 MXN = 0.8781 ERN
20 December 2023	1 MXN = 0.8822 ERN
21 December 2023	1 MXN = 0.8784 ERN
22 December 2023	1 MXN = 0.8837 ERN
23 December 2023	1 MXN = 0.8871 ERN
24 December 2023	1 MXN = 0.8868 ERN
26 December 2023	1 MXN = 0.8866 ERN
27 December 2023	1 MXN = 0.8879 ERN
28 December 2023	1 MXN = 0.8898 ERN
29 December 2023	1 MXN = 0.8890 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.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

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.

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

Historic Mexican peso Eritrean nakfa