Historic Comorian Franc Nigerian Naira

Comorian Franc nigerian naira history for January 2024. The highest quote for this month is 2.6245 (31/01/2024) and the lowest 2.1326 (12/01/2024). The difference between high and low is 18.74.

KMF NGN average rate for January 2024 is 2.01401, the change between 01/01/2024 and 31/01/2024 is +2.35 %.

01 January 20241 KMF = 2.022 NGN
02 January 20241 KMF = 2.021 NGN
03 January 20241 KMF = 1.989 NGN
04 January 20241 KMF = 1.981 NGN
05 January 20241 KMF = 2.029 NGN
06 January 20241 KMF = 2.023 NGN
07 January 20241 KMF = 2.023 NGN
08 January 20241 KMF = 2.033 NGN
09 January 20241 KMF = 1.968 NGN
10 January 20241 KMF = 2.033 NGN
11 January 20241 KMF = 2.121 NGN
12 January 20241 KMF = 2.135 NGN
15 January 20241 KMF = 2.134 NGN
16 January 20241 KMF = 2.135 NGN
17 January 20241 KMF = 1.992 NGN
18 January 20241 KMF = 1.930 NGN
19 January 20241 KMF = 1.978 NGN
22 January 20241 KMF = 1.968 NGN
23 January 20241 KMF = 1.972 NGN
24 January 20241 KMF = 2.028 NGN
25 January 20241 KMF = 1.993 NGN
26 January 20241 KMF = 1.957 NGN
28 January 20241 KMF = 1.983 NGN
29 January 20241 KMF = 1.981 NGN
30 January 20241 KMF = 1.963 NGN
31 January 20241 KMF = 1.974 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.