Historic Israeli Sheqel Nigerian Naira

Israeli Sheqel nigerian naira history for January 2024. The highest quote for this month is 324.49 (31/01/2024) and the lowest 258.11 (12/01/2024). The difference between high and low is 20.46.

ILS NGN average rate for January 2024 is 245.07731, the change between 01/01/2024 and 31/01/2024 is +1.62 %.

01 January 20241 ILS = 248.9 NGN
02 January 20241 ILS = 249.6 NGN
03 January 20241 ILS = 243.1 NGN
04 January 20241 ILS = 243.9 NGN
05 January 20241 ILS = 249.5 NGN
06 January 20241 ILS = 248.9 NGN
07 January 20241 ILS = 248.5 NGN
08 January 20241 ILS = 248.7 NGN
09 January 20241 ILS = 238.7 NGN
10 January 20241 ILS = 245.0 NGN
11 January 20241 ILS = 254.5 NGN
12 January 20241 ILS = 255.7 NGN
15 January 20241 ILS = 256.7 NGN
16 January 20241 ILS = 255.3 NGN
17 January 20241 ILS = 237.5 NGN
18 January 20241 ILS = 230.2 NGN
19 January 20241 ILS = 238.1 NGN
22 January 20241 ILS = 238.1 NGN
23 January 20241 ILS = 236.8 NGN
24 January 20241 ILS = 243.9 NGN
25 January 20241 ILS = 243.1 NGN
26 January 20241 ILS = 240.2 NGN
28 January 20241 ILS = 243.9 NGN
29 January 20241 ILS = 244.0 NGN
30 January 20241 ILS = 244.3 NGN
31 January 20241 ILS = 244.9 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: 1 US Dollar = 3.891 Israeli Sheqel

The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.

04/05/2008: Introduction of New Banknotes

New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.

01/09/1999: Introduction of Sheqel Coins

Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.

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.

24/02/1985: Hyperinflation Crisis

Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).

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.

16/03/1960: Introduction of the New Sheqel

The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.

24/02/1949: Introduction of the Israel Pound

The Israeli pound (ILP) was introduced as legal tender in Israel.

24/09/1948: Israeli Declaration of Independence

The Israeli pound (ILP) was introduced as the official currency of Israel.
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