Historic Ukrainian hryvnia Eritrean nakfa

Ukrainian hryvnia eritrean nakfa history for January 2024. The highest quote for this month is 0.40526 (23/01/2024) and the lowest 0.40531 (22/01/2024). The difference between high and low is -0.01.

UAH ERN average rate for January 2024 is 0.4001, the change between 01/01/2024 and 31/01/2024 is -0.61 %.

01 January 20241 UAH = 0.3984 ERN
02 January 20241 UAH = 0.3981 ERN
03 January 20241 UAH = 0.3973 ERN
04 January 20241 UAH = 0.3986 ERN
05 January 20241 UAH = 0.3991 ERN
06 January 20241 UAH = 0.3962 ERN
07 January 20241 UAH = 0.3962 ERN
08 January 20241 UAH = 0.3991 ERN
09 January 20241 UAH = 0.3970 ERN
10 January 20241 UAH = 0.3974 ERN
11 January 20241 UAH = 0.3974 ERN
12 January 20241 UAH = 0.4001 ERN
14 January 20241 UAH = 0.3961 ERN
15 January 20241 UAH = 0.4016 ERN
16 January 20241 UAH = 0.4005 ERN
17 January 20241 UAH = 0.3992 ERN
18 January 20241 UAH = 0.4009 ERN
19 January 20241 UAH = 0.4025 ERN
22 January 20241 UAH = 0.4050 ERN
23 January 20241 UAH = 0.4053 ERN
24 January 20241 UAH = 0.4053 ERN
25 January 20241 UAH = 0.4053 ERN
26 January 20241 UAH = 0.4034 ERN
28 January 20241 UAH = 0.4010 ERN
29 January 20241 UAH = 0.4003 ERN
30 January 20241 UAH = 0.4008 ERN
31 January 20241 UAH = 0.4009 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
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UAH ERN December 2024
UAH ERN January 2025