Singapore dollar eritrean nakfa exchange rate history (SGD ERN) October 2023

Singapore dollar eritrean nakfa history for October 2023. The highest quote for this month is 11.051 (11/10/2023) and the lowest 11.056 (11/10/2023). The difference between high and low is -0.05.

SGD ERN average rate for October 2023 is 10.99963, the change between 01/10/2023 and 31/10/2023 is -0.09 %.

01 October 2023	1 SGD = 11.02 ERN
03 October 2023	1 SGD = 10.97 ERN
04 October 2023	1 SGD = 10.97 ERN
06 October 2023	1 SGD = 11.01 ERN
07 October 2023	1 SGD = 11.03 ERN
09 October 2023	1 SGD = 11.02 ERN
10 October 2023	1 SGD = 11.03 ERN
11 October 2023	1 SGD = 11.04 ERN
13 October 2023	1 SGD = 10.99 ERN
16 October 2023	1 SGD = 11.01 ERN
17 October 2023	1 SGD = 11.00 ERN
18 October 2023	1 SGD = 11.00 ERN
19 October 2023	1 SGD = 10.98 ERN
20 October 2023	1 SGD = 10.96 ERN
21 October 2023	1 SGD = 10.97 ERN
22 October 2023	1 SGD = 10.97 ERN
23 October 2023	1 SGD = 10.98 ERN
24 October 2023	1 SGD = 11.03 ERN
25 October 2023	1 SGD = 11.00 ERN
26 October 2023	1 SGD = 10.98 ERN
27 October 2023	1 SGD = 11.01 ERN
29 October 2023	1 SGD = 11.00 ERN
30 October 2023	1 SGD = 11.00 ERN
31 October 2023	1 SGD = 11.03 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.

Historic Singapore dollar Eritrean nakfa