Historic Yemeni Rial Nigerian Naira

Yemeni Rial nigerian naira history for July 2023. The highest quote for this month is 3.1992 (19/07/2023) and the lowest 3.1492 (19/07/2023). The difference between high and low is 1.56.

YER NGN average rate for July 2023 is 3.11953, the change between 01/07/2023 and 31/07/2023 is -1.58 %.

03 July 20231 YER = 3.042 NGN
04 July 20231 YER = 3.082 NGN
05 July 20231 YER = 3.086 NGN
06 July 20231 YER = 3.094 NGN
07 July 20231 YER = 3.098 NGN
10 July 20231 YER = 3.050 NGN
11 July 20231 YER = 3.151 NGN
12 July 20231 YER = 3.123 NGN
13 July 20231 YER = 3.106 NGN
14 July 20231 YER = 3.111 NGN
17 July 20231 YER = 3.107 NGN
18 July 20231 YER = 3.110 NGN
19 July 20231 YER = 3.159 NGN
20 July 20231 YER = 3.167 NGN
21 July 20231 YER = 3.165 NGN
24 July 20231 YER = 3.169 NGN
25 July 20231 YER = 3.174 NGN
26 July 20231 YER = 3.174 NGN
27 July 20231 YER = 3.155 NGN
28 July 20231 YER = 3.103 NGN
31 July 20231 YER = 3.090 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.