Swedish krona eritrean nakfa history for March 2024. The highest quote for this month is 1.4721 (08/03/2024) and the lowest 1.4828 (08/03/2024). The difference between high and low is -0.73.
SEK ERN average rate for March 2024 is 1.46325, the change between 01/03/2024 and 31/03/2024 is -1.33 %.
| 01 March 2024 | 1 SEK = 1.453 ERN |
| 04 March 2024 | 1 SEK = 1.460 ERN |
| 05 March 2024 | 1 SEK = 1.454 ERN |
| 06 March 2024 | 1 SEK = 1.452 ERN |
| 07 March 2024 | 1 SEK = 1.465 ERN |
| 08 March 2024 | 1 SEK = 1.475 ERN |
| 11 March 2024 | 1 SEK = 1.474 ERN |
| 12 March 2024 | 1 SEK = 1.473 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.