Historic Swiss franc Eritrean nakfa

Swiss franc eritrean nakfa history for January 2024. The highest quote for this month is 17.9 (01/01/2024) and the lowest 17.924 (01/01/2024). The difference between high and low is -0.13.

CHF ERN average rate for January 2024 is 17.57604, the change between 01/01/2024 and 31/01/2024 is +2.58 %.

01 January 20241 CHF = 17.92 ERN
02 January 20241 CHF = 17.90 ERN
03 January 20241 CHF = 17.70 ERN
04 January 20241 CHF = 17.75 ERN
05 January 20241 CHF = 17.73 ERN
08 January 20241 CHF = 17.69 ERN
09 January 20241 CHF = 17.77 ERN
10 January 20241 CHF = 17.66 ERN
11 January 20241 CHF = 17.72 ERN
12 January 20241 CHF = 17.69 ERN
14 January 20241 CHF = 17.69 ERN
15 January 20241 CHF = 17.66 ERN
16 January 20241 CHF = 17.61 ERN
17 January 20241 CHF = 17.47 ERN
18 January 20241 CHF = 17.44 ERN
19 January 20241 CHF = 17.34 ERN
22 January 20241 CHF = 17.35 ERN
23 January 20241 CHF = 17.32 ERN
24 January 20241 CHF = 17.33 ERN
25 January 20241 CHF = 17.46 ERN
26 January 20241 CHF = 17.38 ERN
28 January 20241 CHF = 17.45 ERN
29 January 20241 CHF = 17.42 ERN
30 January 20241 CHF = 17.50 ERN
31 January 20241 CHF = 17.46 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.
CHF ERN January 2024
CHF ERN February 2024
CHF ERN March 2024
CHF ERN April 2024
CHF ERN May 2024
CHF ERN June 2024
CHF ERN July 2024
CHF ERN August 2024
CHF ERN September 2024
CHF ERN October 2024
CHF ERN November 2024
CHF ERN December 2024
CHF ERN January 2025