Historic Bermudian dollar Nigerian Naira

Bermudian dollar nigerian naira history for February 2024. The highest quote for this month is 1630.16 (28/02/2024) and the lowest 1604.55 (23/02/2024). The difference between high and low is 1.57.

BMD NGN average rate for February 2024 is 1469.80185, the change between 01/02/2024 and 29/02/2024 is -36.53 %.

01 February 20241 BMD = 1194.00 NGN
02 February 20241 BMD = 1192.00 NGN
03 February 20241 BMD = 1413.12 NGN
04 February 20241 BMD = 1413.12 NGN
05 February 20241 BMD = 1192.00 NGN
06 February 20241 BMD = 1400.10 NGN
07 February 20241 BMD = 1407.50 NGN
08 February 20241 BMD = 1417.63 NGN
09 February 20241 BMD = 1403.51 NGN
12 February 20241 BMD = 1474.12 NGN
13 February 20241 BMD = 1503.00 NGN
14 February 20241 BMD = 1515.09 NGN
15 February 20241 BMD = 1516.00 NGN
16 February 20241 BMD = 1516.70 NGN
17 February 20241 BMD = 1492.73 NGN
18 February 20241 BMD = 1492.73 NGN
19 February 20241 BMD = 1493.23 NGN
20 February 20241 BMD = 1493.23 NGN
21 February 20241 BMD = 1605.80 NGN
22 February 20241 BMD = 1606.50 NGN
23 February 20241 BMD = 1606.50 NGN
24 February 20241 BMD = 1488.40 NGN
25 February 20241 BMD = 1488.40 NGN
26 February 20241 BMD = 1606.50 NGN
27 February 20241 BMD = 1544.00 NGN
28 February 20241 BMD = 1578.58 NGN
29 February 20241 BMD = 1630.16 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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

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.

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

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.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.
BMD NGN January 2024
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