Currency.Wiki

1 Hong Kong Dollar to Eritrean Nakfa

Updated 5 minutes ago
Convert 1 HKD:ERN
 HKD =
    ERN
 Hong Kong Dollar =  Eritrean Nakfas
Trending: HK$ exchange rates for the last 24 hours
  • HKD/USD 0.127741 -0.00023541
  • HKD/EUR 0.119423 0.00130322
  • HKD/JPY 20.195188 1.32018454
  • HKD/GBP 0.102291 0.00163311
  • HKD/CHF 0.116867 0.00662099
  • HKD/MXN 2.192046 -0.01200948
  • HKD/INR 10.653899 0.01224590
  • HKD/BRL 0.653560 0.01983488
  • HKD/CNY 0.925559 0.01710683

HKD/ERN exchange rate analysis over the past 90 days

Hong Kong Dollar to Eritrean Nakfa exchange rate: Over the last 90 days, the Hong Kong Dollar weakened by -0.18% against the Eritrean Nakfa, declining from Nfk1.9196 to Nfk1.9161 per Hong Kong Dollar. This trend reflects the evolving economic dynamics between the Hong Kong and the Eritrea. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Hong Kong and Eritrea.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Hong Kong and Eritrea.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Hong Kong or Eritrea.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Hong Kong 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.

hkd/ern Historical Chart

HK$
Hong Kong Dollar Currency

Country: Hong Kong

Symbol: HK$

ISO Code: HKD

Bank: Hong Kong Monetary Authority

Interesting fact about Hong Kong Dollar

The Hong Kong Dollar (HKD) is the official currency of Hong Kong. Its history dates back to 1863 when it was first introduced as a result of Hong Kong becoming a British colony. The HKD is pegged to the US Dollar and is managed by the Hong Kong Monetary Authority. It plays a crucial role in Hong Kong's economy, functioning as a widely accepted payment method and facilitating international trade.

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 Hong Kong 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 HKD to ERN is Nfk1.92.
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Yes, our site provides historical charts that show the trends and fluctuations in the Hong Kong 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.