Historic Bahamian dollar Nigerian Naira

Bahamian dollar nigerian naira history for July 2023. The highest quote for this month is 804.24 (13/07/2023) and the lowest 791.41 (19/07/2023). The difference between high and low is 1.6.

BSD NGN average rate for July 2023 is 785.34667, the change between 01/07/2023 and 31/07/2023 is -1.33 %.

03 July 20231 BSD = 769.7 NGN
04 July 20231 BSD = 775.7 NGN
05 July 20231 BSD = 775.5 NGN
06 July 20231 BSD = 778.2 NGN
07 July 20231 BSD = 778.8 NGN
10 July 20231 BSD = 772.9 NGN
11 July 20231 BSD = 792.1 NGN
12 July 20231 BSD = 783.7 NGN
13 July 20231 BSD = 788.4 NGN
14 July 20231 BSD = 782.1 NGN
17 July 20231 BSD = 782.9 NGN
18 July 20231 BSD = 782.1 NGN
19 July 20231 BSD = 793.7 NGN
20 July 20231 BSD = 795.8 NGN
21 July 20231 BSD = 795.4 NGN
24 July 20231 BSD = 797.1 NGN
25 July 20231 BSD = 798.3 NGN
26 July 20231 BSD = 797.6 NGN
27 July 20231 BSD = 792.7 NGN
28 July 20231 BSD = 779.7 NGN
31 July 20231 BSD = 779.9 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.