Historic Yemeni Rial Nigerian Naira

Yemeni Rial nigerian naira history for January 2024. The highest quote for this month is 4.7678 (31/01/2024) and the lowest 3.8333 (12/01/2024). The difference between high and low is 19.6.

YER NGN average rate for January 2024 is 3.62996, the change between 01/01/2024 and 31/01/2024 is +0.06 %.

01 January 20241 YER = 3.589 NGN
02 January 20241 YER = 3.598 NGN
03 January 20241 YER = 3.541 NGN
04 January 20241 YER = 3.569 NGN
05 January 20241 YER = 3.651 NGN
06 January 20241 YER = 3.654 NGN
07 January 20241 YER = 3.654 NGN
08 January 20241 YER = 3.658 NGN
09 January 20241 YER = 3.541 NGN
10 January 20241 YER = 3.658 NGN
11 January 20241 YER = 3.807 NGN
12 January 20241 YER = 3.833 NGN
15 January 20241 YER = 3.830 NGN
16 January 20241 YER = 3.833 NGN
17 January 20241 YER = 3.583 NGN
18 January 20241 YER = 3.496 NGN
19 January 20241 YER = 3.582 NGN
22 January 20241 YER = 3.565 NGN
23 January 20241 YER = 3.565 NGN
24 January 20241 YER = 3.665 NGN
25 January 20241 YER = 3.602 NGN
26 January 20241 YER = 3.554 NGN
28 January 20241 YER = 3.593 NGN
29 January 20241 YER = 3.597 NGN
30 January 20241 YER = 3.574 NGN
31 January 20241 YER = 3.587 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.

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

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.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

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.

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

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.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

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.

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.