Historic Mexican peso Eritrean nakfa

Mexican peso eritrean nakfa history for January 2024. The highest quote for this month is 0.89183 (14/01/2024) and the lowest 0.89726 (08/01/2024). The difference between high and low is -0.61.

MXN ERN average rate for January 2024 is 0.88396, the change between 01/01/2024 and 31/01/2024 is +1.23 %.

01 January 20241 MXN = 0.8884 ERN
02 January 20241 MXN = 0.8884 ERN
03 January 20241 MXN = 0.8843 ERN
04 January 20241 MXN = 0.8858 ERN
05 January 20241 MXN = 0.8860 ERN
06 January 20241 MXN = 0.8940 ERN
07 January 20241 MXN = 0.8943 ERN
08 January 20241 MXN = 0.8915 ERN
09 January 20241 MXN = 0.8952 ERN
10 January 20241 MXN = 0.8870 ERN
11 January 20241 MXN = 0.8874 ERN
12 January 20241 MXN = 0.8905 ERN
14 January 20241 MXN = 0.8919 ERN
15 January 20241 MXN = 0.8934 ERN
16 January 20241 MXN = 0.8925 ERN
17 January 20241 MXN = 0.8751 ERN
18 January 20241 MXN = 0.8765 ERN
19 January 20241 MXN = 0.8766 ERN
22 January 20241 MXN = 0.8816 ERN
23 January 20241 MXN = 0.8763 ERN
24 January 20241 MXN = 0.8708 ERN
25 January 20241 MXN = 0.8744 ERN
26 January 20241 MXN = 0.8767 ERN
28 January 20241 MXN = 0.8788 ERN
29 January 20241 MXN = 0.8766 ERN
30 January 20241 MXN = 0.8752 ERN
31 January 20241 MXN = 0.8774 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.
MXN ERN January 2024
MXN ERN February 2024
MXN ERN March 2024
MXN ERN April 2024
MXN ERN May 2024
MXN ERN June 2024
MXN ERN July 2024
MXN ERN August 2024
MXN ERN September 2024
MXN ERN October 2024
MXN ERN November 2024
MXN ERN December 2024
MXN ERN January 2025