Historic Colombian Peso Nigerian Naira

Colombian Peso nigerian naira history for July 2023. The highest quote for this month is 0.20145 (31/07/2023) and the lowest 0.19961 (26/07/2023). The difference between high and low is 0.91.

COP NGN average rate for July 2023 is 0.19198, the change between 01/07/2023 and 31/07/2023 is -7.99 %.

03 July 20231 COP = 0.1821 NGN
04 July 20231 COP = 0.1846 NGN
05 July 20231 COP = 0.1855 NGN
06 July 20231 COP = 0.1873 NGN
07 July 20231 COP = 0.1853 NGN
10 July 20231 COP = 0.1826 NGN
11 July 20231 COP = 0.1893 NGN
12 July 20231 COP = 0.1863 NGN
13 July 20231 COP = 0.1876 NGN
14 July 20231 COP = 0.1896 NGN
17 July 20231 COP = 0.1913 NGN
18 July 20231 COP = 0.1936 NGN
19 July 20231 COP = 0.1971 NGN
20 July 20231 COP = 0.1990 NGN
21 July 20231 COP = 0.1988 NGN
24 July 20231 COP = 0.1993 NGN
25 July 20231 COP = 0.2008 NGN
26 July 20231 COP = 0.1996 NGN
27 July 20231 COP = 0.1996 NGN
28 July 20231 COP = 0.1960 NGN
31 July 20231 COP = 0.1966 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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to high inflation.

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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.