Historic New Zealand Dollar Eritrean nakfa

New Zealand Dollar eritrean nakfa history for February 2024. The highest quote for this month is 9.339 (24/02/2024) and the lowest 9.359 (22/02/2024). The difference between high and low is -0.21.

NZD ERN average rate for February 2024 is 9.22985, the change between 01/02/2024 and 29/02/2024 is +0.38 %.

01 February 20241 NZD = 9.21 ERN
02 February 20241 NZD = 9.25 ERN
03 February 20241 NZD = 9.13 ERN
04 February 20241 NZD = 9.14 ERN
05 February 20241 NZD = 9.14 ERN
06 February 20241 NZD = 9.11 ERN
07 February 20241 NZD = 9.19 ERN
08 February 20241 NZD = 9.20 ERN
09 February 20241 NZD = 9.21 ERN
12 February 20241 NZD = 9.25 ERN
13 February 20241 NZD = 9.24 ERN
14 February 20241 NZD = 9.13 ERN
15 February 20241 NZD = 9.17 ERN
16 February 20241 NZD = 9.21 ERN
17 February 20241 NZD = 9.23 ERN
18 February 20241 NZD = 9.24 ERN
19 February 20241 NZD = 9.25 ERN
20 February 20241 NZD = 9.25 ERN
21 February 20241 NZD = 9.30 ERN
22 February 20241 NZD = 9.30 ERN
23 February 20241 NZD = 9.34 ERN
24 February 20241 NZD = 9.34 ERN
25 February 20241 NZD = 9.35 ERN
26 February 20241 NZD = 9.31 ERN
27 February 20241 NZD = 9.29 ERN
28 February 20241 NZD = 9.29 ERN
29 February 20241 NZD = 9.18 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.

20/03/2020: COVID-19 Pandemic Effects

The outbreak of the COVID-19 pandemic causes global economic turmoil, leading to volatility in the New Zealand dollar exchange rate and GDP contraction.

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.

10/10/2008: Global Financial Crisis Hits New Zealand

New Zealand experiences the impact of the global financial crisis, leading to a sharp depreciation of the New Zealand dollar and economic slowdown.

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.

10/07/2005: Polymer Banknotes Introduced

New Zealand introduces polymer banknotes, replacing the traditional paper notes for increased durability and security.

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.

05/10/1987: Black Monday Stock Market Crash

Global stock market crash leads to a significant devaluation of the New Zealand dollar and a deep recession in the country.

04/03/1985: Floating Exchange Rate Introduced

New Zealand dollar is allowed to float freely against other currencies, marking the end of fixed exchange rates.

10/07/1961: Decimalization of Currency

New Zealand adopts the decimal currency system, replacing the pound with the New Zealand dollar. NZ$1 is equivalent to NZ£2.

19/10/1933: New Zealand Pound Pegged to the British Pound

New Zealand pound is pegged to the British pound at a rate of £1 to NZ£0.624275.
NZD ERN January 2024
NZD ERN February 2024
NZD ERN March 2024
NZD ERN April 2024
NZD ERN May 2024
NZD ERN June 2024
NZD ERN July 2024
NZD ERN August 2024
NZD ERN September 2024
NZD ERN October 2024
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NZD ERN December 2024
NZD ERN January 2025