US Dollar to Eritrean Nakfa Exchange Rate

Live Rate

= Nfk 15.0031

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How can I get the best exchange rate between US dollar and the Eritrean nakfa?

The best exchange rate by far in Eritrea is available on the black market in the streets of Asmara, the capital city. In fact, you may be able to get many times more Eritrean nakfa for your US dollars than you would through other services. Keep in mind that exchanging money on the black market is illegal and punishable in Eritrea.

ATMs are known to be extremely limited in Eritrea, so don’t rely on using a credit or debit card during your trip. Instead, make sure you bring a sufficient amount of cash with you, either in US dollars or Eritrean nakfa.

If you’re sending money to someone in Eritrea, choose the money transfer service that offers an exchange rate as close to the mid-market rate as possible, but keep in mind any fixed service fees that may be added on top — some of these services will also offer cash-pickup for your recipient.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Eritrean Nakfa

The nakfa is the official currency of Eritrea, an African country that does not have an official language. It replaced the Ethiopian birr in 1997 and is pegged to the US dollar.
Currency:Eritrean Nakfa
Currency Symbol:Nfk
Sub unit:cent
Sub unit symbol:c
Bank notes:1, 5, 10, 20, 50, 100 nakfa
Coins:1c, 5c, 10c, 25c, 50c, 1 nakfa

What affects exchange rates between the US dollar and the Eritrean nakfa?

Although the Eritrean currency is officially pegged to the US dollar, the black market rate fluctuates based on the supply and demand in the market. Factors that can affect the black market exchange rate include things like:

  • How difficult it is for Eritrean people to get access to dollars
  • The shape of the Eritrean economy
  • Employment levels in the country

The official exchange rate between the dollar and the nakfa is not affected by any external factors.

Send money from USD to ERN

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 3 - 5 days USD 20.00 14.628 ERN 7,021 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 1 Same day USD 1.00 14.703 ERN 7,337 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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How does the Eritrean nakfa trade against the US dollar historically?

  • In 1997, the Eritrean nakfa was introduced when it replaced the Ethiopian birr as the official currency of Eritrea.
  • In 2005, the nakfa became pegged at a rate of 15 nakfa to 1 dollar, following a devaluation from 13.50 nakfa to 1 dollar

It is reported online that the black market rate on the streets in Eritrea is about 100 nakfa to 1 dollar. Following the most recent devaluation in 2005, the black market rate was about 20 nakfa to 1 dollar.

US Dollar to the Eritrean Nakfa for the last 10 days

May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 29 May 30 May 31
1 USD = 15.0029 Inverse: 0.0667 15.0031 Inverse: 0.0667 15.0031 Inverse: 0.0667 15.0029 Inverse: 0.0667 15.0029 Inverse: 0.0667 15.0029 Inverse: 0.0667 15.0030 Inverse: 0.0667 15.0029 Inverse: 0.0667 15.0031 Inverse: 0.0667 15.0031 Inverse: 0.0667

US Dollar to the Eritrean Nakfa for the last 10 months

Aug 2019 Sep 2019 Oct 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020
1 USD = 14.9995 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9997 Inverse: 0.0667 14.9997 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9997 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9998 Inverse: 0.0667

US Dollar to the Eritrean Nakfa for the last 10 years

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 May 2016 May 2017 May 2018 May 2019
1 USD = 0.0000 0.0000 0.0000 0.0000 14.9526 Inverse: 0.0669 15.1151 Inverse: 0.0662 15.0015 Inverse: 0.0667 15.3392 Inverse: 0.0652 14.9967 Inverse: 0.0667 14.9973 Inverse: 0.0667

Get the best rates for USD/ERN exchanges

Market rate for common transfer amounts USD to ERN

US Dollars (USD) Eritrean Nakfa (ERN)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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