US Dollar to Eritrean Nakfa Exchange Rate

Live Rate

= Nfk 15.0001

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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
$1 3 - 5 days USD 20.00 14.625 ERN 7,020 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. 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

Sep 11 Sep 12 Sep 13 Sep 14 Sep 15 Sep 16 Sep 17 Sep 18 Sep 19 Sep 20
1 USD = 15.0001 Inverse: 0.0667 15.0001 Inverse: 0.0667 15.0001 Inverse: 0.0667 15.0001 Inverse: 0.0667 14.9999 Inverse: 0.0667 15.0001 Inverse: 0.0667 14.9999 Inverse: 0.0667 15.0002 Inverse: 0.0667 15.0001 Inverse: 0.0667 15.0001 Inverse: 0.0667

US Dollar to the Eritrean Nakfa for the last 10 months

Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020
1 USD = 14.9998 Inverse: 0.0667 14.9997 Inverse: 0.0667 14.9996 Inverse: 0.0667 14.9996 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9998 Inverse: 0.0667 14.9996 Inverse: 0.0667 15.0031 Inverse: 0.0667 15.0031 Inverse: 0.0667 15.0031 Inverse: 0.0667

US Dollar to the Eritrean Nakfa for the last 10 years

Sep 2010 Sep 2011 Sep 2012 Sep 2013 Sep 2014 Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019
1 USD = 0.0000 0.0000 0.0000 0.0000 15.0626 Inverse: 0.0664 15.1400 Inverse: 0.0661 15.3600 Inverse: 0.0651 15.3313 Inverse: 0.0652 14.9970 Inverse: 0.0667 14.9997 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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