Historic Singapore dollar Eritrean nakfa

Singapore dollar eritrean nakfa history for December 2023. The highest quote for this month is 11.42 (28/12/2023) and the lowest 11.443 (28/12/2023). The difference between high and low is -0.2.

SGD ERN average rate for December 2023 is 11.30304, the change between 01/12/2023 and 31/12/2023 is -1.43 %.

01 December 20231 SGD = 11.26 ERN
02 December 20231 SGD = 11.29 ERN
03 December 20231 SGD = 11.29 ERN
04 December 20231 SGD = 11.29 ERN
05 December 20231 SGD = 11.27 ERN
06 December 20231 SGD = 11.23 ERN
07 December 20231 SGD = 11.23 ERN
08 December 20231 SGD = 11.24 ERN
10 December 20231 SGD = 11.23 ERN
11 December 20231 SGD = 11.24 ERN
12 December 20231 SGD = 11.21 ERN
13 December 20231 SGD = 11.24 ERN
14 December 20231 SGD = 11.29 ERN
15 December 20231 SGD = 11.35 ERN
16 December 20231 SGD = 11.32 ERN
17 December 20231 SGD = 11.32 ERN
18 December 20231 SGD = 11.29 ERN
19 December 20231 SGD = 11.31 ERN
20 December 20231 SGD = 11.33 ERN
21 December 20231 SGD = 11.30 ERN
22 December 20231 SGD = 11.35 ERN
23 December 20231 SGD = 11.37 ERN
24 December 20231 SGD = 11.39 ERN
26 December 20231 SGD = 11.36 ERN
27 December 20231 SGD = 11.39 ERN
28 December 20231 SGD = 11.41 ERN
29 December 20231 SGD = 11.42 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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
SGD ERN July 2023
SGD ERN August 2023
SGD ERN September 2023
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SGD ERN December 2023
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