Historic Taiwan dollar Eritrean nakfa

Taiwan dollar eritrean nakfa history for January 2024. The highest quote for this month is 0.49138 (01/01/2024) and the lowest 0.4964 (02/01/2024). The difference between high and low is -1.02.

TWD ERN average rate for January 2024 is 0.48388, the change between 01/01/2024 and 31/01/2024 is +1.66 %.

01 January 20241 TWD = 0.4912 ERN
02 January 20241 TWD = 0.4914 ERN
03 January 20241 TWD = 0.4874 ERN
04 January 20241 TWD = 0.4855 ERN
05 January 20241 TWD = 0.4853 ERN
06 January 20241 TWD = 0.4869 ERN
07 January 20241 TWD = 0.4869 ERN
08 January 20241 TWD = 0.4862 ERN
09 January 20241 TWD = 0.4905 ERN
10 January 20241 TWD = 0.4845 ERN
11 January 20241 TWD = 0.4843 ERN
12 January 20241 TWD = 0.4872 ERN
14 January 20241 TWD = 0.4843 ERN
15 January 20241 TWD = 0.4850 ERN
16 January 20241 TWD = 0.4831 ERN
17 January 20241 TWD = 0.4784 ERN
18 January 20241 TWD = 0.4778 ERN
19 January 20241 TWD = 0.4766 ERN
22 January 20241 TWD = 0.4802 ERN
23 January 20241 TWD = 0.4798 ERN
24 January 20241 TWD = 0.4800 ERN
25 January 20241 TWD = 0.4816 ERN
26 January 20241 TWD = 0.4812 ERN
28 January 20241 TWD = 0.4819 ERN
29 January 20241 TWD = 0.4812 ERN
30 January 20241 TWD = 0.4833 ERN
31 January 20241 TWD = 0.4830 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.

01/01/2005: New Taiwan dollar banknotes issued

New designs for Taiwan dollar banknotes are issued, featuring innovative security features and updated aesthetics to combat counterfeiting and improve the currency's image.

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.

30/04/1991: Foreign Exchange Control Act revised

Taiwan relaxes its foreign exchange controls, allowing more flexibility in the trading of the Taiwan dollar and promoting financial globalization.

15/07/1987: Lifting of martial law

The martial law, which had been in place in Taiwan since 1949, is lifted, marking a significant milestone towards the democratization and liberalization of the country.

16/12/1971: Taiwan's expulsion from the UN

The United Nations General Assembly recognizes the People's Republic of China as the legitimate representative of China, leading to Taiwan's expulsion from the UN and international isolation.

03/03/1952: TWD pegged to the US Dollar

The Taiwan dollar is pegged to the US Dollar at a fixed exchange rate of 32 TWD to 1 USD, stabilizing its value and promoting economic growth.

10/12/1949: Chinese Civil War ends

The Chinese Communist Party establishes the People's Republic of China on the mainland, leading to the Nationalist government's retreat to Taiwan, taking the Taiwan dollar with them.

25/10/1945: Taiwan is restored to the Republic of China

After the end of World War II, Taiwan is returned to the Republic of China from Japan, and the Taiwan dollar becomes the official currency.
TWD ERN January 2024
TWD ERN February 2024
TWD ERN March 2024
TWD ERN April 2024
TWD ERN May 2024
TWD ERN June 2024
TWD ERN July 2024
TWD ERN August 2024
TWD ERN September 2024
TWD ERN October 2024
TWD ERN November 2024
TWD ERN December 2024
TWD ERN January 2025