United States dollar nigerian naira history for December 2023. The highest quote for this month is 905.89 (22/12/2023) and the lowest 903.6 (26/12/2023). The difference between high and low is 0.25.
USD NGN average rate for December 2023 is 823.93036, the change between 01/12/2023 and 31/12/2023 is -13.54 %.
| 01 December 2023 | 1 USD = 790.0 NGN |
| 02 December 2023 | 1 USD = 788.0 NGN |
| 03 December 2023 | 1 USD = 788.0 NGN |
| 04 December 2023 | 1 USD = 788.5 NGN |
| 05 December 2023 | 1 USD = 798.5 NGN |
| 06 December 2023 | 1 USD = 802.0 NGN |
| 07 December 2023 | 1 USD = 803.0 NGN |
| 08 December 2023 | 1 USD = 800.5 NGN |
| 10 December 2023 | 1 USD = 790.0 NGN |
| 11 December 2023 | 1 USD = 803.0 NGN |
| 12 December 2023 | 1 USD = 793.0 NGN |
| 13 December 2023 | 1 USD = 801.9 NGN |
| 14 December 2023 | 1 USD = 802.0 NGN |
| 15 December 2023 | 1 USD = 790.5 NGN |
| 16 December 2023 | 1 USD = 789.0 NGN |
| 17 December 2023 | 1 USD = 789.0 NGN |
| 18 December 2023 | 1 USD = 802.5 NGN |
| 19 December 2023 | 1 USD = 789.4 NGN |
| 20 December 2023 | 1 USD = 800.0 NGN |
| 21 December 2023 | 1 USD = 824.5 NGN |
| 22 December 2023 | 1 USD = 825.1 NGN |
| 23 December 2023 | 1 USD = 905.4 NGN |
| 24 December 2023 | 1 USD = 902.2 NGN |
| 25 December 2023 | 1 USD = 903.4 NGN |
| 26 December 2023 | 1 USD = 904.1 NGN |
| 27 December 2023 | 1 USD = 904.6 NGN |
| 28 December 2023 | 1 USD = 895.0 NGN |
| 29 December 2023 | 1 USD = 897.0 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.
29/05/1999: 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.
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.