Historic Singapore dollar Eritrean nakfa

Singapore dollar eritrean nakfa history for February 2024. The highest quote for this month is 11.231 (01/02/2024) and the lowest 11.276 (02/02/2024). The difference between high and low is -0.4.

SGD ERN average rate for February 2024 is 11.20374, the change between 01/02/2024 and 29/02/2024 is +0.54 %.

01 February 20241 SGD = 11.24 ERN
02 February 20241 SGD = 11.26 ERN
03 February 20241 SGD = 11.22 ERN
04 February 20241 SGD = 11.22 ERN
05 February 20241 SGD = 11.22 ERN
06 February 20241 SGD = 11.17 ERN
07 February 20241 SGD = 11.22 ERN
08 February 20241 SGD = 11.20 ERN
09 February 20241 SGD = 11.19 ERN
12 February 20241 SGD = 11.19 ERN
13 February 20241 SGD = 11.21 ERN
14 February 20241 SGD = 11.15 ERN
15 February 20241 SGD = 11.17 ERN
16 February 20241 SGD = 11.20 ERN
17 February 20241 SGD = 11.20 ERN
18 February 20241 SGD = 11.19 ERN
19 February 20241 SGD = 11.20 ERN
20 February 20241 SGD = 11.18 ERN
21 February 20241 SGD = 11.22 ERN
22 February 20241 SGD = 11.20 ERN
23 February 20241 SGD = 11.23 ERN
24 February 20241 SGD = 11.22 ERN
25 February 20241 SGD = 11.22 ERN
26 February 20241 SGD = 11.20 ERN
27 February 20241 SGD = 11.21 ERN
28 February 20241 SGD = 11.20 ERN
29 February 20241 SGD = 11.18 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.

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 January 2024
SGD ERN February 2024
SGD ERN March 2024
SGD ERN April 2024
SGD ERN May 2024
SGD ERN June 2024
SGD ERN July 2024
SGD ERN August 2024
SGD ERN September 2024
SGD ERN October 2024
SGD ERN November 2024
SGD ERN December 2024
SGD ERN January 2025