Currency.Wiki

1 Eritrean Nakfa to Canadian Dollar

Updated 4 minutes ago
Convert 1 ERN:CAD
 ERN =
    CAD
 Eritrean Nakfa =  Canadian Dollars
Trending: Nfk exchange rates for the last 24 hours
  • ERN/USD 0.066667 0.00000000
  • ERN/EUR 0.061826 -0.00042953
  • ERN/JPY 10.392800 0.34443333
  • ERN/GBP 0.053216 0.00026573
  • ERN/CHF 0.060492 0.00132627
  • ERN/MXN 1.116295 -0.03069980
  • ERN/INR 5.567770 0.03009333
  • ERN/BRL 0.343880 0.01364667
  • ERN/CNY 0.482300 0.00298667

ERN/CAD exchange rate analysis over the past 90 days

Eritrean Nakfa to Canadian Dollar exchange rate: Over the last 90 days, the Eritrean Nakfa strengthened by 0.83% against the Canadian Dollar, moving from CA$0.0904 to CA$0.0912 per Eritrean Nakfa. This trend reflects the evolving economic dynamics between the Eritrea and the Canada. Factors influencing this rate may include:

  • Trade Dynamics: The balance of trade and investment between Eritrea and Canada.
  • Regulatory Changes: Policies or regulations related to currency exchange or trade agreements between Eritrea and Canada.
  • Economic Health: Indicators such as GDP growth, unemployment rates, or inflation in the Eritrea or Canada.
  • Global Influences: Broader economic or geopolitical events that can impact both the Eritrea and the Canada.

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

ern/cad Historical Chart

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.

CA$
Canadian Dollar Currency

Country: Canada

Symbol: CA$

ISO Code: CAD

Bank: Bank of Canada

Interesting fact about Canadian Dollar

The Canadian Dollar (CAD), Canada's official currency, is administered by the Bank of Canada. Established in 1858, the CAD supplanted numerous colonial currencies. Renowned for its stability and reliability, it is a cornerstone of Canada's economic framework, facilitating international trade and investments.

Quick Conversion Guide

Frequently Asked Questions

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The Eritrean Nakfa to Canadian Dollar 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 ERN to CAD is CA$0.09.
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Yes, our site provides historical charts that show the trends and fluctuations in the Eritrean Nakfa to Canadian Dollar 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.