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.
UAH ERN January 2024
UAH ERN February 2024
UAH ERN March 2024
UAH ERN April 2024
UAH ERN May 2024
UAH ERN June 2024
UAH ERN July 2024
UAH ERN August 2024
UAH ERN September 2024
UAH ERN October 2024
UAH ERN November 2024
UAH ERN December 2024
UAH ERN January 2025