United States dollar nigerian naira history for June 2023. The highest quote for this month is 770 (26/06/2023) and the lowest 753.56 (26/06/2023). The difference between high and low is 2.14.
USD NGN average rate for June 2023 is 557.57889, the change between 01/06/2023 and 30/06/2023 is -65.16 %.
| 02 June 2023 | 1 USD = 460.8 NGN |
| 03 June 2023 | 1 USD = 460.9 NGN |
| 09 June 2023 | 1 USD = 461.7 NGN |
| 12 June 2023 | 1 USD = 461.9 NGN |
| 13 June 2023 | 1 USD = 461.0 NGN |
| 16 June 2023 | 1 USD = 608.0 NGN |
| 19 June 2023 | 1 USD = 656.0 NGN |
| 20 June 2023 | 1 USD = 687.0 NGN |
| 26 June 2023 | 1 USD = 761.0 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.