Brunei dollar nigerian naira exchange rate history (BND NGN) December 2023

Brunei dollar nigerian naira history for December 2023. The highest quote for this month is 696.43 (27/12/2023) and the lowest 694.89 (27/12/2023). The difference between high and low is 0.22.

BND NGN average rate for December 2023 is 626.275, the change between 01/12/2023 and 31/12/2023 is -14.72 %.

01 December 2023	1 BND = 601.2 NGN
02 December 2023	1 BND = 591.0 NGN
03 December 2023	1 BND = 590.9 NGN
04 December 2023	1 BND = 599.6 NGN
05 December 2023	1 BND = 608.3 NGN
06 December 2023	1 BND = 609.4 NGN
07 December 2023	1 BND = 608.4 NGN
08 December 2023	1 BND = 607.4 NGN
10 December 2023	1 BND = 589.2 NGN
11 December 2023	1 BND = 609.3 NGN
12 December 2023	1 BND = 600.4 NGN
13 December 2023	1 BND = 608.8 NGN
14 December 2023	1 BND = 607.4 NGN
15 December 2023	1 BND = 605.4 NGN
16 December 2023	1 BND = 592.3 NGN
17 December 2023	1 BND = 592.5 NGN
18 December 2023	1 BND = 611.0 NGN
19 December 2023	1 BND = 603.2 NGN
20 December 2023	1 BND = 611.4 NGN
21 December 2023	1 BND = 630.6 NGN
22 December 2023	1 BND = 631.8 NGN
23 December 2023	1 BND = 684.2 NGN
24 December 2023	1 BND = 681.7 NGN
25 December 2023	1 BND = 693.7 NGN
26 December 2023	1 BND = 694.2 NGN
27 December 2023	1 BND = 694.1 NGN
28 December 2023	1 BND = 688.7 NGN
29 December 2023	1 BND = 689.7 NGN

01/01/2022: Removal of monarchy symbol

Brunei currency no longer featured the portrait of the Sultan as part of efforts to modernize the banknotes.

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.

21/07/2017: Commencement of New Series Polymer Banknotes

New series of polymer banknotes with modern designs entered circulation.

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.

05/05/2013: Upgrade of polymer banknotes

Introduction of new polymer banknotes with enhanced security features.

01/07/2011: Introduction of Brunei-Indonesia Currency Agreement

Brunei dollar became interchangeable with Indonesian rupiah in specified regions.

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.

18/03/1996: Change in currency regime

Brunei dollar became fully backed by foreign exchange reserves instead of gold.

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.

12/06/1973: Establishment of Brunei Currency Board

Currency Board assumed responsibility for the issuance and management of Brunei dollar.

27/07/1967: Introduction of Brunei and Singapore Currency Interchangeability Agreement

Brunei and Singapore dollars became interchangeable at par.

Historic Brunei dollar Nigerian Naira