Currency.Wiki

1 Eritrean Nakfa to Japanese Yen

Updated 6 minutes ago
Convert 1 ERN:JPY
 ERN =
    JPY
 Eritrean Nakfa =  Japanese yen
Trending: Nfk exchange rates for the last 24 hours
  • ERN/USD 0.066667 0.00000000
  • ERN/EUR 0.061850 0.00011053
  • ERN/JPY 10.385667 0.44013007
  • ERN/GBP 0.053231 0.00047480
  • ERN/CHF 0.060433 0.00215067
  • ERN/MXN 1.118693 -0.01987933
  • ERN/INR 5.569777 0.03562280
  • ERN/BRL 0.343787 0.01336473
  • ERN/CNY 0.481787 0.00568553

ERN/JPY exchange rate analysis over the past 90 days

Eritrean Nakfa to Japanese Yen exchange rate: Over the last 90 days, the Eritrean Nakfa strengthened by 4.24% against the Japanese Yen, moving from ¥9.9455 to ¥10.3857 per Eritrean Nakfa. This trend reflects the evolving economic dynamics between the Eritrea and the Japan. Factors influencing this rate may include:

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

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

ern/jpy 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.

¥
Japanese Yen Currency

Country: Japan

Symbol: ¥

ISO Code: JPY

Bank: Bank of Japan

Interesting fact about Japanese Yen

The Japanese Yen (JPY) is the official currency of Japan. Introduced in 1871, it has a long history tied to Japan's economic growth. The JPY is widely used in international trade and is considered a safe-haven currency. It plays a crucial role in Japan's exports, imports, and domestic market, contributing to its status as the third-largest economy globally.

Quick Conversion Guide

Frequently Asked Questions

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The Eritrean Nakfa to Japanese Yen 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 JPY is ¥10.39.
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Yes, our site provides historical charts that show the trends and fluctuations in the Eritrean Nakfa to Japanese Yen 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.