Historic Swedish krona Eritrean nakfa

Swedish krona eritrean nakfa history for January 2024. The highest quote for this month is 1.4945 (01/01/2024) and the lowest 1.4976 (02/01/2024). The difference between high and low is -0.21.

SEK ERN average rate for January 2024 is 1.45984, the change between 01/01/2024 and 31/01/2024 is +3.34 %.

01 January 20241 SEK = 1.496 ERN
02 January 20241 SEK = 1.499 ERN
03 January 20241 SEK = 1.475 ERN
04 January 20241 SEK = 1.466 ERN
05 January 20241 SEK = 1.476 ERN
06 January 20241 SEK = 1.471 ERN
07 January 20241 SEK = 1.471 ERN
08 January 20241 SEK = 1.467 ERN
09 January 20241 SEK = 1.474 ERN
10 January 20241 SEK = 1.469 ERN
11 January 20241 SEK = 1.475 ERN
12 January 20241 SEK = 1.470 ERN
15 January 20241 SEK = 1.467 ERN
16 January 20241 SEK = 1.460 ERN
17 January 20241 SEK = 1.443 ERN
18 January 20241 SEK = 1.443 ERN
19 January 20241 SEK = 1.436 ERN
22 January 20241 SEK = 1.441 ERN
23 January 20241 SEK = 1.438 ERN
24 January 20241 SEK = 1.439 ERN
25 January 20241 SEK = 1.444 ERN
26 January 20241 SEK = 1.444 ERN
29 January 20241 SEK = 1.443 ERN
30 January 20241 SEK = 1.444 ERN
31 January 20241 SEK = 1.446 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.

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.

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.