United States dollar nigerian naira history for November 2023. The highest quote for this month is 964 (14/11/2023) and the lowest 844 (15/11/2023). The difference between high and low is 12.45.
USD NGN average rate for November 2023 is 814.68318, the change between 01/11/2023 and 30/11/2023 is -0.89 %.
| 01 November 2023 | 1 USD = 786.5 NGN |
| 06 November 2023 | 1 USD = 806.3 NGN |
| 07 November 2023 | 1 USD = 799.5 NGN |
| 08 November 2023 | 1 USD = 786.1 NGN |
| 09 November 2023 | 1 USD = 802.8 NGN |
| 10 November 2023 | 1 USD = 803.0 NGN |
| 13 November 2023 | 1 USD = 804.5 NGN |
| 14 November 2023 | 1 USD = 821.0 NGN |
| 15 November 2023 | 1 USD = 845.0 NGN |
| 16 November 2023 | 1 USD = 843.1 NGN |
| 17 November 2023 | 1 USD = 845.0 NGN |
| 18 November 2023 | 1 USD = 839.5 NGN |
| 19 November 2023 | 1 USD = 839.5 NGN |
| 20 November 2023 | 1 USD = 839.5 NGN |
| 21 November 2023 | 1 USD = 819.7 NGN |
| 22 November 2023 | 1 USD = 816.1 NGN |
| 23 November 2023 | 1 USD = 803.9 NGN |
| 26 November 2023 | 1 USD = 837.5 NGN |
| 27 November 2023 | 1 USD = 803.0 NGN |
| 28 November 2023 | 1 USD = 799.0 NGN |
| 29 November 2023 | 1 USD = 789.0 NGN |
| 30 November 2023 | 1 USD = 793.5 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.