Danish Krone nigerian naira exchange rate history (DKK NGN) December 2023

Danish Krone nigerian naira history for December 2023. The highest quote for this month is 133.89 (27/12/2023) and the lowest 134.72 (27/12/2023). The difference between high and low is -0.62.

DKK NGN average rate for December 2023 is 120.365, the change between 01/12/2023 and 31/12/2023 is -15.41 %.

01 December 2023	1 DKK = 115.4 NGN
03 December 2023	1 DKK = 115.1 NGN
04 December 2023	1 DKK = 115.2 NGN
05 December 2023	1 DKK = 116.1 NGN
06 December 2023	1 DKK = 116.1 NGN
07 December 2023	1 DKK = 116.0 NGN
08 December 2023	1 DKK = 115.9 NGN
10 December 2023	1 DKK = 114.1 NGN
11 December 2023	1 DKK = 116.0 NGN
12 December 2023	1 DKK = 114.5 NGN
13 December 2023	1 DKK = 116.1 NGN
14 December 2023	1 DKK = 117.1 NGN
15 December 2023	1 DKK = 116.6 NGN
16 December 2023	1 DKK = 115.4 NGN
17 December 2023	1 DKK = 115.4 NGN
18 December 2023	1 DKK = 117.3 NGN
19 December 2023	1 DKK = 115.7 NGN
20 December 2023	1 DKK = 117.8 NGN
21 December 2023	1 DKK = 121.0 NGN
22 December 2023	1 DKK = 121.8 NGN
24 December 2023	1 DKK = 133.3 NGN
25 December 2023	1 DKK = 133.5 NGN
26 December 2023	1 DKK = 133.6 NGN
27 December 2023	1 DKK = 134.0 NGN
28 December 2023	1 DKK = 133.4 NGN
29 December 2023	1 DKK = 133.2 NGN

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national currency.

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.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.

Historic Danish Krone Nigerian Naira