United States dollar nigerian naira history for October 2023. The highest quote for this month is 883 (23/10/2023) and the lowest 790 (29/10/2023). The difference between high and low is 10.53.
USD NGN average rate for October 2023 is 780.97227, the change between 01/10/2023 and 31/10/2023 is -2.2 %.
| 01 October 2023 | 1 USD = 769.1 NGN |
| 03 October 2023 | 1 USD = 766.5 NGN |
| 04 October 2023 | 1 USD = 765.5 NGN |
| 06 October 2023 | 1 USD = 761.5 NGN |
| 07 October 2023 | 1 USD = 771.5 NGN |
| 09 October 2023 | 1 USD = 771.5 NGN |
| 10 October 2023 | 1 USD = 758.7 NGN |
| 11 October 2023 | 1 USD = 763.0 NGN |
| 13 October 2023 | 1 USD = 768.1 NGN |
| 16 October 2023 | 1 USD = 769.5 NGN |
| 17 October 2023 | 1 USD = 765.0 NGN |
| 18 October 2023 | 1 USD = 763.0 NGN |
| 19 October 2023 | 1 USD = 765.5 NGN |
| 20 October 2023 | 1 USD = 749.0 NGN |
| 23 October 2023 | 1 USD = 859.2 NGN |
| 24 October 2023 | 1 USD = 764.6 NGN |
| 25 October 2023 | 1 USD = 860.0 NGN |
| 26 October 2023 | 1 USD = 817.4 NGN |
| 27 October 2023 | 1 USD = 802.2 NGN |
| 29 October 2023 | 1 USD = 790.0 NGN |
| 30 October 2023 | 1 USD = 794.5 NGN |
| 31 October 2023 | 1 USD = 786.0 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.