Chilean Peso nigerian naira exchange rate history (CLP NGN) December 2023

Chilean Peso nigerian naira history for December 2023. The highest quote for this month is 1.0185 (24/12/2023) and the lowest 1.0455 (25/12/2023). The difference between high and low is -2.65.

CLP NGN average rate for December 2023 is 0.94191, the change between 01/12/2023 and 31/12/2023 is -11.7 %.

01 December 2023	1 CLP = 0.9078 NGN
02 December 2023	1 CLP = 0.9242 NGN
03 December 2023	1 CLP = 0.9242 NGN
04 December 2023	1 CLP = 0.9214 NGN
05 December 2023	1 CLP = 0.9205 NGN
06 December 2023	1 CLP = 0.9130 NGN
07 December 2023	1 CLP = 0.9225 NGN
08 December 2023	1 CLP = 0.9178 NGN
10 December 2023	1 CLP = 0.9114 NGN
11 December 2023	1 CLP = 0.9338 NGN
12 December 2023	1 CLP = 0.8989 NGN
13 December 2023	1 CLP = 0.9145 NGN
14 December 2023	1 CLP = 0.9168 NGN
15 December 2023	1 CLP = 0.9137 NGN
16 December 2023	1 CLP = 0.9106 NGN
17 December 2023	1 CLP = 0.9106 NGN
18 December 2023	1 CLP = 0.9358 NGN
19 December 2023	1 CLP = 0.9035 NGN
20 December 2023	1 CLP = 0.9277 NGN
21 December 2023	1 CLP = 0.9476 NGN
22 December 2023	1 CLP = 0.9390 NGN
24 December 2023	1 CLP = 1.016 NGN
25 December 2023	1 CLP = 1.046 NGN
26 December 2023	1 CLP = 1.013 NGN
27 December 2023	1 CLP = 1.014 NGN
28 December 2023	1 CLP = 1.013 NGN
29 December 2023	1 CLP = 1.014 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.

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.

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

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.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.

Historic Chilean Peso Nigerian Naira