Currency.Wiki

1 Australian Dollar to Eritrean Nakfa

Updated 6 minutes ago
Convert 1 AUD:ERN
 AUD =
    ERN
 Australian Dollar =  Eritrean Nakfas
Trending: AU$ exchange rates for the last 24 hours
  • AUD/USD 0.653400 -0.00433676
  • AUD/EUR 0.610854 0.00421864
  • AUD/JPY 103.299278 5.83242820
  • AUD/GBP 0.523222 0.00517978
  • AUD/CHF 0.597781 0.02925862
  • AUD/MXN 11.212410 -0.08361441
  • AUD/INR 54.495164 -0.17492227
  • AUD/BRL 3.342991 0.11038789
  • AUD/CNY 4.734275 0.06654088

AUD/ERN exchange rate analysis over the past 90 days

Australian Dollar to Eritrean Nakfa exchange rate: Over the last 90 days, the Australian Dollar weakened by -0.66% against the Eritrean Nakfa, declining from Nfk9.8661 to Nfk9.8010 per Australian Dollar. This trend reflects the evolving economic dynamics between the Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu and the Eritrea. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu and Eritrea.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu and Eritrea.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu or Eritrea.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu relative to the Eritrea.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

aud/ern Historical Chart

AU$
Australian Dollar Currency

Country: Australia, Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, Tuvalu

Symbol: AU$

ISO Code: AUD

Bank: Reserve Bank of Australia

Interesting fact about Australian Dollar

The Australian Dollar (AUD) is the official currency of Australia and is also used in Christmas Island, Cocos (Keeling) Islands, Heard Island and McDonald Islands, Kiribati, Nauru, Norfolk Island, and Tuvalu. Introduced in 1966, the AUD is a significant currency in these regions, facilitating trade and commerce while also being a symbol of national identity and economic stability.

Nfk
Eritrean Nakfa Currency

Country: Eritrea

Symbol: Nfk

ISO Code: ERN

Bank: Bank of Eritrea

Interesting fact about Eritrean Nakfa

The Eritrean Nakfa (ERN) is the official currency of Eritrea, introduced in 1997 to replace the Ethiopian Birr. It is named after the famous battle site, Nakfa, which holds historical significance for Eritreans. The Nakfa plays a vital role in the country's economy, facilitating trade and commerce within Eritrea.

Quick Conversion Guide

Frequently Asked Questions

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The Australian Dollar to Eritrean Nakfa exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 AUD to ERN is Nfk9.8.
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Yes, our site provides historical charts that show the trends and fluctuations in the Australian Dollar to Eritrean Nakfa exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.