Historic Nigerian Naira Icelandic Krona

Nigerian Naira icelandic krona history for August 2023. The highest quote for this month is 0.17418 (02/08/2023) and the lowest 0.17642 (21/08/2023). The difference between high and low is -1.29.

NGN ISK average rate for August 2023 is 0.17185, the change between 01/08/2023 and 31/08/2023 is +2.31 %.

01 August 20231 NGN = 0.1723 ISK
02 August 20231 NGN = 0.1725 ISK
03 August 20231 NGN = 0.1700 ISK
04 August 20231 NGN = 0.1696 ISK
07 August 20231 NGN = 0.1720 ISK
08 August 20231 NGN = 0.1753 ISK
09 August 20231 NGN = 0.1753 ISK
10 August 20231 NGN = 0.1706 ISK
11 August 20231 NGN = 0.1708 ISK
14 August 20231 NGN = 0.1710 ISK
15 August 20231 NGN = 0.1721 ISK
16 August 20231 NGN = 0.1735 ISK
17 August 20231 NGN = 0.1684 ISK
18 August 20231 NGN = 0.1718 ISK
21 August 20231 NGN = 0.1767 ISK
22 August 20231 NGN = 0.1721 ISK
23 August 20231 NGN = 0.1733 ISK
24 August 20231 NGN = 0.1729 ISK
25 August 20231 NGN = 0.1751 ISK
28 August 20231 NGN = 0.1706 ISK
29 August 20231 NGN = 0.1695 ISK
30 August 20231 NGN = 0.1690 ISK
31 August 20231 NGN = 0.1683 ISK

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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

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.

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.