Historic Danish Krone Nigerian Naira

Danish Krone nigerian naira history for February 2024. The highest quote for this month is 236.32 (29/02/2024) and the lowest 233.64 (22/02/2024). The difference between high and low is 1.13.

DKK NGN average rate for February 2024 is 212.71462, the change between 01/02/2024 and 29/02/2024 is -36.99 %.

01 February 20241 DKK = 173.0 NGN
02 February 20241 DKK = 173.9 NGN
03 February 20241 DKK = 204.6 NGN
04 February 20241 DKK = 204.6 NGN
05 February 20241 DKK = 172.4 NGN
06 February 20241 DKK = 201.7 NGN
07 February 20241 DKK = 203.0 NGN
08 February 20241 DKK = 204.9 NGN
09 February 20241 DKK = 202.9 NGN
12 February 20241 DKK = 213.5 NGN
13 February 20241 DKK = 217.2 NGN
14 February 20241 DKK = 217.7 NGN
15 February 20241 DKK = 218.3 NGN
16 February 20241 DKK = 219.2 NGN
17 February 20241 DKK = 215.8 NGN
18 February 20241 DKK = 215.8 NGN
19 February 20241 DKK = 216.0 NGN
20 February 20241 DKK = 215.9 NGN
21 February 20241 DKK = 232.9 NGN
22 February 20241 DKK = 233.2 NGN
23 February 20241 DKK = 233.3 NGN
25 February 20241 DKK = 216.2 NGN
26 February 20241 DKK = 233.2 NGN
27 February 20241 DKK = 224.8 NGN
28 February 20241 DKK = 229.6 NGN
29 February 20241 DKK = 237.1 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.
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