Historic Brunei dollar Nigerian Naira

Brunei dollar nigerian naira history for November 2023. The highest quote for this month is 720.87 (14/11/2023) and the lowest 639.86 (15/11/2023). The difference between high and low is 11.24.

BND NGN average rate for November 2023 is 611.6224, the change between 01/11/2023 and 30/11/2023 is -3.46 %.

01 November 20231 BND = 585.9 NGN
02 November 20231 BND = 585.1 NGN
03 November 20231 BND = 587.1 NGN
06 November 20231 BND = 607.7 NGN
07 November 20231 BND = 603.0 NGN
08 November 20231 BND = 590.3 NGN
09 November 20231 BND = 601.8 NGN
10 November 20231 BND = 601.5 NGN
13 November 20231 BND = 603.9 NGN
14 November 20231 BND = 613.8 NGN
15 November 20231 BND = 631.9 NGN
16 November 20231 BND = 636.1 NGN
17 November 20231 BND = 636.9 NGN
18 November 20231 BND = 625.4 NGN
19 November 20231 BND = 625.0 NGN
20 November 20231 BND = 638.5 NGN
21 November 20231 BND = 622.7 NGN
22 November 20231 BND = 621.3 NGN
23 November 20231 BND = 610.5 NGN
24 November 20231 BND = 610.3 NGN
26 November 20231 BND = 625.5 NGN
27 November 20231 BND = 611.2 NGN
28 November 20231 BND = 607.8 NGN
29 November 20231 BND = 601.1 NGN
30 November 20231 BND = 606.2 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.
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