Historic Comorian Franc Nigerian Naira

Comorian Franc nigerian naira history for November 2023. The highest quote for this month is 2.0957 (14/11/2023) and the lowest 1.8673 (15/11/2023). The difference between high and low is 10.9.

KMF NGN average rate for November 2023 is 1.7857, the change between 01/11/2023 and 30/11/2023 is -4.54 %.

01 November 20231 KMF = 1.697 NGN
02 November 20231 KMF = 1.700 NGN
03 November 20231 KMF = 1.683 NGN
06 November 20231 KMF = 1.758 NGN
07 November 20231 KMF = 1.742 NGN
08 November 20231 KMF = 1.709 NGN
09 November 20231 KMF = 1.749 NGN
10 November 20231 KMF = 1.742 NGN
13 November 20231 KMF = 1.745 NGN
14 November 20231 KMF = 1.785 NGN
15 November 20231 KMF = 1.870 NGN
16 November 20231 KMF = 1.865 NGN
17 November 20231 KMF = 1.863 NGN
18 November 20231 KMF = 1.856 NGN
19 November 20231 KMF = 1.856 NGN
20 November 20231 KMF = 1.852 NGN
21 November 20231 KMF = 1.822 NGN
22 November 20231 KMF = 1.814 NGN
23 November 20231 KMF = 1.787 NGN
24 November 20231 KMF = 1.786 NGN
26 November 20231 KMF = 1.862 NGN
27 November 20231 KMF = 1.785 NGN
28 November 20231 KMF = 1.779 NGN
29 November 20231 KMF = 1.764 NGN
30 November 20231 KMF = 1.774 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.