Eritrean Nakfa

The Eritrean Nakfa remained unchanged at 14.78 in April from 14.78 in March of 2014. Eritrean Nakfa averaged 13.03 from 2000 until 2014, reaching an all time high of 18.61 in September of 2013 and a record low of 9.55 in October of 2000. The USDERN spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDERN spot exchange rate is quoted and exchanged in the same day, the USDERN forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Eritrean Nakfa - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
14.78 14.78 18.61 9.55 15.06 | 2014/05 2000 - 2014 Daily


Eritrean Nakfa

Markets Last Previous Highest Lowest Forecast Unit
Currency 14.78 2014-04-23 14.78 18.61 9.55 15.06 2014-05-31 [+]

Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


Eritrea Gold Reserves at 0.00 Tonnes  
Gold Reserves in Eritrea remained unchanged at 0 Tonnes in the fourth quarter of 2013 from 0 Tonnes in the third quarter of 2013. Gold Reserves in Eritrea is reported by the World Gold Council.
Eritrea Sales Tax Rate | VAT at 4.00 Percent  
The Sales Tax Rate in Eritrea stands at 4 percent. Sales Tax Rate in Eritrea is reported by the Ministry of Finance.
Eritrea Balance of Trade at -228.88 USD Million  
Eritrea recorded a trade deficit of 228.88 USD Million in 2011.
Eritrea Current Account at 70.00 USD Million  
Eritrea recorded a Current Account surplus of 70 USD Million in 2013.
Eritrea Exports at 374.90 USD Million  
Exports in Eritrea increased to 374.90 USD Million in 2011 from 101.39 USD Million in 2010.
Eritrea Imports at 603.78 USD Million  
Imports in Eritrea increased to 603.78 USD Million in 2011 from 494.23 USD Million in 2010.
Eritrea Inflation Rate at 12.30 Percent  
The inflation rate in Eritrea was recorded at 12.50 percent in 2012.
Eritrea GDP per capita at 200.45 USD  
The Gross Domestic Product per capita in Eritrea was last recorded at 200.45 US dollars in 2012. The GDP per Capita in Eritrea is equivalent to 2 percent of the worlds average. GDP per capita in Eritrea is reported by the World Bank.
Eritrea GDP per capita PPP at 488.04 USD  
The Gross Domestic Product per capita in Eritrea was last recorded at 488.04 US dollars in 2012, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Eritrea, when adjusted by Purchasing Power Parity is equivalent to 2 percent of the worlds average. GDP per capita PPP in Eritrea is reported by the World Bank.
Eritrea Population at 6.13 Million  
The total population in Eritrea was last recorded at 6.1 million people in 2012 from 1.4 million in 1960, changing 338 percent during the last 50 years. Population in Eritrea is reported by the World Bank.


US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.

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