Currency.Wiki

1 Japanese Yen to Eritrean Nakfa

Updated 9 minutes ago
Convert 1 JPY:ERN
 JPY =
    ERN
 Japanese Yen =  Eritrean Nakfas
Trending: ¥ exchange rates for the last 24 hours
  • JPY/USD 0.006315 -0.00046487
  • JPY/EUR 0.005904 -0.00035390
  • JPY/GBP 0.004997 -0.00033557
  • JPY/CHF 0.005778 -0.00006311
  • JPY/MXN 0.108372 -0.00839951
  • JPY/INR 0.526714 -0.03708258
  • JPY/BRL 0.032663 -0.00091150
  • JPY/CNY 0.045758 -0.00237160

JPY/ERN exchange rate analysis over the past 90 days

Japanese Yen to Eritrean Nakfa exchange rate: Over the last 90 days, the Japanese Yen weakened by -7.36% against the Eritrean Nakfa, declining from Nfk0.1017 to Nfk0.0947 per Japanese Yen. This trend reflects the evolving economic dynamics between the Japan and the Eritrea. Factors contributing to this weakening may include:

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

jpy/ern Historical Chart

¥
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.

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 Japanese Yen 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 JPY to ERN is Nfk0.09.
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Yes, our site provides historical charts that show the trends and fluctuations in the Japanese Yen 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.