Comorian Franc nigerian naira exchange rate history (KMF NGN) December 2023

Comorian Franc nigerian naira history for December 2023. The highest quote for this month is 2.0305 (27/12/2023) and the lowest 2.026 (27/12/2023). The difference between high and low is 0.22.

KMF NGN average rate for December 2023 is 1.82678, the change between 01/12/2023 and 31/12/2023 is -14.84 %.

01 December 2023	1 KMF = 1.762 NGN
02 December 2023	1 KMF = 1.743 NGN
03 December 2023	1 KMF = 1.740 NGN
04 December 2023	1 KMF = 1.744 NGN
05 December 2023	1 KMF = 1.766 NGN
06 December 2023	1 KMF = 1.759 NGN
07 December 2023	1 KMF = 1.761 NGN
08 December 2023	1 KMF = 1.757 NGN
10 December 2023	1 KMF = 1.726 NGN
11 December 2023	1 KMF = 1.756 NGN
12 December 2023	1 KMF = 1.735 NGN
13 December 2023	1 KMF = 1.754 NGN
14 December 2023	1 KMF = 1.758 NGN
15 December 2023	1 KMF = 1.733 NGN
16 December 2023	1 KMF = 1.752 NGN
17 December 2023	1 KMF = 1.752 NGN
18 December 2023	1 KMF = 1.759 NGN
19 December 2023	1 KMF = 1.766 NGN
20 December 2023	1 KMF = 1.785 NGN
21 December 2023	1 KMF = 1.838 NGN
22 December 2023	1 KMF = 1.839 NGN
23 December 2023	1 KMF = 2.026 NGN
24 December 2023	1 KMF = 2.022 NGN
25 December 2023	1 KMF = 2.022 NGN
26 December 2023	1 KMF = 2.023 NGN
27 December 2023	1 KMF = 2.030 NGN
28 December 2023	1 KMF = 2.019 NGN
29 December 2023	1 KMF = 2.024 NGN

18/01/2021: Suspension of Eco adoption

The Central Bank of the Comoros suspended the adoption of the Eco currency, retaining the Comorian Franc as the official currency.

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: Replacement of the Franc by the Eco

Comoros agreed to replace the Comorian Franc with the proposed Eco currency, along with other West African countries.

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.

01/07/1997: Revaluation of the Comorian Franc

The Comorian Franc was revalued at a ratio of 1 new Franc to 75 old Francs, reducing the value of the currency.

20/06/1994: Introduction of the New Comorian Franc

Comoros introduced a new series of banknotes and coins, replacing the old Comorian Franc.

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.

01/01/1976: Establishment of the Central Bank of Comoros

The Central Bank of Comoros was established to manage the monetary policies and issue the Comorian Franc.

06/07/1975: Independence of Comoros

Comoros gained independence from France, but continued using the Comorian Franc as its currency.

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.

01/01/1920: Introduction of the Comorian Franc

The Comorian Franc was introduced as the official currency of Comoros by the French colonial administration.

Historic Comorian Franc Nigerian Naira