Historic Ukrainian hryvnia Eritrean nakfa

Ukrainian hryvnia eritrean nakfa history for December 2023. The highest quote for this month is 0.41625 (01/12/2023) and the lowest 0.41682 (01/12/2023). The difference between high and low is -0.14.

UAH ERN average rate for December 2023 is 0.40882, the change between 01/12/2023 and 31/12/2023 is +4.9 %.

01 December 20231 UAH = 0.4171 ERN
02 December 20231 UAH = 0.4115 ERN
03 December 20231 UAH = 0.4115 ERN
04 December 20231 UAH = 0.4156 ERN
05 December 20231 UAH = 0.4150 ERN
06 December 20231 UAH = 0.4133 ERN
07 December 20231 UAH = 0.4133 ERN
08 December 20231 UAH = 0.4131 ERN
10 December 20231 UAH = 0.4115 ERN
11 December 20231 UAH = 0.4127 ERN
12 December 20231 UAH = 0.4113 ERN
13 December 20231 UAH = 0.4103 ERN
14 December 20231 UAH = 0.4095 ERN
15 December 20231 UAH = 0.4104 ERN
16 December 20231 UAH = 0.4121 ERN
17 December 20231 UAH = 0.4121 ERN
18 December 20231 UAH = 0.4071 ERN
19 December 20231 UAH = 0.4080 ERN
20 December 20231 UAH = 0.4063 ERN
21 December 20231 UAH = 0.4030 ERN
22 December 20231 UAH = 0.4032 ERN
23 December 20231 UAH = 0.4033 ERN
24 December 20231 UAH = 0.4008 ERN
26 December 20231 UAH = 0.4040 ERN
27 December 20231 UAH = 0.4042 ERN
28 December 20231 UAH = 0.4012 ERN
29 December 20231 UAH = 0.3967 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.

02/03/2020: COVID-19 impact

The outbreak of the COVID-19 pandemic resulted in economic disruptions, affecting the Ukrainian Hryvnia and causing volatility in the currency markets.

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.

05/02/2015: Currency devaluation

Due to the economic crisis, the Ukrainian Hryvnia experienced a significant devaluation, leading to a sharp increase in prices and financial hardships.

22/01/2015: Dollarization policy imposed

Eritrea imposed a dollarization policy, making the US dollar the predominant currency for most transactions.

20/02/2014: Ukrainian revolution

The Ukrainian revolution began, leading to political instability and economic challenges, impacting the value and stability of the Ukrainian Hryvnia.

01/07/2008: Exchange rate flexibility

Ukraine implemented a flexible exchange rate system, allowing the Ukrainian Hryvnia to fluctuate based on market forces rather than being pegged to a fixed rate.

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.

01/10/2004: Banknote redesign

New banknotes of the Ukrainian Hryvnia were issued with enhanced security features and updated designs, aimed at combating counterfeiting.

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.

02/09/1996: Currency reform

A currency reform was conducted, introducing new banknotes and coins of the Ukrainian Hryvnia, addressing issues of inflation and stabilization.

02/09/1992: Introduction of the Ukrainian Hryvnia

The Ukrainian Hryvnia (UAH) was introduced as the national currency, replacing the Soviet ruble, marking Ukraine's economic independence.
UAH ERN July 2023
UAH ERN August 2023
UAH ERN September 2023
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UAH ERN November 2023
UAH ERN December 2023
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UAH ERN July 2024