Bahamian dollar nigerian naira exchange rate history (BSD NGN) February 2024

Bahamian dollar nigerian naira history for February 2024. The highest quote for this month is 1639.94 (29/02/2024) and the lowest 1614.65 (23/02/2024). The difference between high and low is 1.54.

BSD NGN average rate for February 2024 is 1477.09778, the change between 01/02/2024 and 29/02/2024 is -36.56 %.

01 February 2024	1 BSD = 1203.92 NGN
02 February 2024	1 BSD = 1200.19 NGN
03 February 2024	1 BSD = 1413.12 NGN
04 February 2024	1 BSD = 1413.12 NGN
05 February 2024	1 BSD = 1188.79 NGN
06 February 2024	1 BSD = 1407.67 NGN
07 February 2024	1 BSD = 1415.77 NGN
08 February 2024	1 BSD = 1426.65 NGN
09 February 2024	1 BSD = 1411.93 NGN
12 February 2024	1 BSD = 1485.21 NGN
13 February 2024	1 BSD = 1513.11 NGN
14 February 2024	1 BSD = 1524.96 NGN
15 February 2024	1 BSD = 1525.93 NGN
16 February 2024	1 BSD = 1527.22 NGN
17 February 2024	1 BSD = 1492.73 NGN
18 February 2024	1 BSD = 1492.73 NGN
19 February 2024	1 BSD = 1502.92 NGN
20 February 2024	1 BSD = 1503.24 NGN
21 February 2024	1 BSD = 1616.05 NGN
22 February 2024	1 BSD = 1617.08 NGN
23 February 2024	1 BSD = 1616.40 NGN
24 February 2024	1 BSD = 1488.40 NGN
25 February 2024	1 BSD = 1488.40 NGN
26 February 2024	1 BSD = 1618.37 NGN
27 February 2024	1 BSD = 1554.32 NGN
28 February 2024	1 BSD = 1589.34 NGN
29 February 2024	1 BSD = 1644.07 NGN

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

29/12/2014: Introduction of new Bahamian dollar variants

New variants of the Bahamian dollar banknotes, featuring improved security features, were introduced to combat counterfeit money.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

27/12/1974: Devaluation of the Bahamian dollar

The Bahamian dollar was devalued by 50% to stimulate the country's tourism industry and boost its economy.

10/07/1973: Independence from British rule

The Bahamas gained independence from British rule, maintaining the Bahamian dollar as its currency.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

09/09/1969: Currency Board Agreement

The Bahamas entered into a Currency Board Agreement with the Eastern Caribbean Currency Authority, establishing fixed exchange rates for their currencies.

01/01/1966: Introduction of the Bahamian dollar

The Bahamian dollar was introduced, replacing the British pound as the official currency of the Bahamas.

06/08/1866: Adoption of the British pound

The Bahamas officially adopted the British pound sterling as their currency, replacing the Bahamian pound.

06/06/1853: Introduction of the Bahamian pound

The Bahamian pound was introduced as the official currency of the Bahamas, replacing the Spanish dollar.

Historic Bahamian dollar Nigerian Naira