Currency.Wiki

1 Eritrean Nakfa to US Dollar

Updated 8 minutes ago
Convert 1 ERN:USD
 ERN =
    USD
 Eritrean Nakfa =  US Dollars
Trending: Nfk exchange rates for the last 24 hours
  • ERN/USD 0.066667 0.00000000
  • ERN/EUR 0.061798 -0.00009180
  • ERN/JPY 10.385000 0.42445454
  • ERN/GBP 0.053442 0.00064487
  • ERN/CHF 0.060673 0.00228140
  • ERN/MXN 1.118693 -0.01933293
  • ERN/INR 5.569777 0.03708020
  • ERN/BRL 0.343787 0.01354000
  • ERN/CNY 0.481780 0.00223333

ERN/USD exchange rate analysis over the past 90 days

Eritrean Nakfa to US Dollar exchange rate: Over the last 90 days, the Eritrean Nakfa strengthened by 0.00% against the US Dollar, moving from $0.0667 to $0.0667 per Eritrean Nakfa. This trend reflects the evolving economic dynamics between the Eritrea and the United States. Factors influencing this rate may include:

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

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

ern/usd 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.

$
US Dollar Currency

Country: United States

Symbol: $

ISO Code: USD

Bank: Federal Reserve System

Interesting fact about US Dollar

The United States Dollar (USD) is the official currency of the United States. Its history dates back to 1792 when it was first established as the country's monetary unit. Today, the USD is one of the most widely accepted and recognized currencies globally. It serves as a symbol of economic strength, stability, and as a medium for international trade and transactions.

Quick Conversion Guide

Frequently Asked Questions

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The Eritrean Nakfa to US 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 USD is $0.07.
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Yes, our site provides historical charts that show the trends and fluctuations in the Eritrean Nakfa to US 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.