Historic Ukrainian hryvnia Eritrean nakfa

Ukrainian hryvnia eritrean nakfa history for February 2024. The highest quote for this month is 0.40459 (02/02/2024) and the lowest 0.40552 (02/02/2024). The difference between high and low is -0.23.

UAH ERN average rate for February 2024 is 0.3986, the change between 01/02/2024 and 29/02/2024 is +1.73 %.

01 February 20241 UAH = 0.4052 ERN
02 February 20241 UAH = 0.4033 ERN
03 February 20241 UAH = 0.4002 ERN
04 February 20241 UAH = 0.4002 ERN
05 February 20241 UAH = 0.4010 ERN
06 February 20241 UAH = 0.4033 ERN
07 February 20241 UAH = 0.4033 ERN
08 February 20241 UAH = 0.4032 ERN
09 February 20241 UAH = 0.4042 ERN
12 February 20241 UAH = 0.4031 ERN
13 February 20241 UAH = 0.3999 ERN
14 February 20241 UAH = 0.3980 ERN
15 February 20241 UAH = 0.3972 ERN
16 February 20241 UAH = 0.4007 ERN
17 February 20241 UAH = 0.3971 ERN
18 February 20241 UAH = 0.3971 ERN
19 February 20241 UAH = 0.3988 ERN
20 February 20241 UAH = 0.3959 ERN
21 February 20241 UAH = 0.3944 ERN
22 February 20241 UAH = 0.3924 ERN
23 February 20241 UAH = 0.3944 ERN
24 February 20241 UAH = 0.3916 ERN
25 February 20241 UAH = 0.3916 ERN
26 February 20241 UAH = 0.3964 ERN
27 February 20241 UAH = 0.3953 ERN
28 February 20241 UAH = 0.3961 ERN
29 February 20241 UAH = 0.3982 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.