Burundian Franc nigerian naira exchange rate history (BIF NGN) December 2023

Burundian Franc nigerian naira history for December 2023. The highest quote for this month is 0.32105 (22/12/2023) and the lowest 0.39545 (06/12/2023). The difference between high and low is -23.17.

BIF NGN average rate for December 2023 is 0.29133, the change between 01/12/2023 and 31/12/2023 is -13.3 %.

01 December 2023	1 BIF = 0.2797 NGN
02 December 2023	1 BIF = 0.2785 NGN
03 December 2023	1 BIF = 0.2785 NGN
04 December 2023	1 BIF = 0.2796 NGN
05 December 2023	1 BIF = 0.2827 NGN
06 December 2023	1 BIF = 0.2839 NGN
07 December 2023	1 BIF = 0.2845 NGN
08 December 2023	1 BIF = 0.2830 NGN
10 December 2023	1 BIF = 0.2791 NGN
11 December 2023	1 BIF = 0.2843 NGN
12 December 2023	1 BIF = 0.2803 NGN
13 December 2023	1 BIF = 0.2844 NGN
14 December 2023	1 BIF = 0.2844 NGN
15 December 2023	1 BIF = 0.2793 NGN
16 December 2023	1 BIF = 0.2787 NGN
17 December 2023	1 BIF = 0.2787 NGN
18 December 2023	1 BIF = 0.2829 NGN
19 December 2023	1 BIF = 0.2791 NGN
20 December 2023	1 BIF = 0.2826 NGN
21 December 2023	1 BIF = 0.2913 NGN
22 December 2023	1 BIF = 0.2914 NGN
23 December 2023	1 BIF = 0.3197 NGN
24 December 2023	1 BIF = 0.3185 NGN
25 December 2023	1 BIF = 0.3198 NGN
26 December 2023	1 BIF = 0.3198 NGN
27 December 2023	1 BIF = 0.3195 NGN
28 December 2023	1 BIF = 0.3163 NGN
29 December 2023	1 BIF = 0.3169 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.

29/06/2018: East African Community Currency Integration

Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.

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.

17/10/2011: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.

30/06/2003: Second Currency Revaluation

The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.

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.

30/04/1995: Printing of Banknotes

The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.

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.

20/10/1990: Introduction of New Coins

New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.

22/09/1985: First Currency Revaluation

The Burundian Franc is significantly devalued as part of a currency revaluation program.

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.

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.

30/06/1960: Independence from Belgium

Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.

Historic Burundian Franc Nigerian Naira