Djiboutian franc nigerian naira exchange rate history (DJF NGN) December 2023

Djiboutian franc nigerian naira history for December 2023. The highest quote for this month is 5.0994 (23/12/2023) and the lowest 5.1957 (22/12/2023). The difference between high and low is -1.89.

DJF NGN average rate for December 2023 is 4.66258, the change between 01/12/2023 and 31/12/2023 is -15.38 %.

01 December 2023	1 DJF = 4.445 NGN
02 December 2023	1 DJF = 4.438 NGN
03 December 2023	1 DJF = 4.438 NGN
04 December 2023	1 DJF = 4.531 NGN
05 December 2023	1 DJF = 4.493 NGN
06 December 2023	1 DJF = 4.513 NGN
07 December 2023	1 DJF = 4.612 NGN
08 December 2023	1 DJF = 4.504 NGN
10 December 2023	1 DJF = 4.450 NGN
11 December 2023	1 DJF = 4.610 NGN
12 December 2023	1 DJF = 4.462 NGN
13 December 2023	1 DJF = 4.612 NGN
14 December 2023	1 DJF = 4.513 NGN
15 December 2023	1 DJF = 4.448 NGN
16 December 2023	1 DJF = 4.444 NGN
17 December 2023	1 DJF = 4.444 NGN
18 December 2023	1 DJF = 4.589 NGN
19 December 2023	1 DJF = 4.442 NGN
20 December 2023	1 DJF = 4.502 NGN
21 December 2023	1 DJF = 4.639 NGN
22 December 2023	1 DJF = 4.715 NGN
23 December 2023	1 DJF = 5.10 NGN
24 December 2023	1 DJF = 5.08 NGN
25 December 2023	1 DJF = 5.19 NGN
26 December 2023	1 DJF = 5.09 NGN
27 December 2023	1 DJF = 5.09 NGN
28 December 2023	1 DJF = 5.04 NGN
29 December 2023	1 DJF = 5.13 NGN

04/06/2020: Exchange rate stabilization

Efforts were made to stabilize the exchange rate of the Djiboutian franc to reduce inflation and encourage economic growth.

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.

01/09/2013: Replacement of coins with bi-metallic coins

Coins of lower denominations of the Djiboutian franc were replaced with bi-metallic coins.

01/01/2002: Introduction of new banknotes

New banknotes of the Djiboutian franc were introduced with enhanced security features.

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.

15/09/1997: Second devaluation

The Djiboutian franc was devalued by 33% as a result of economic instability and high inflation.

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.

08/05/1977: First devaluation

The Djiboutian franc was devalued by 50% due to economic difficulties faced by the newly independent country.

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.

27/06/1973: Independence from France

Djibouti gained independence from France and the Djiboutian franc became the national currency.

01/01/1949: Introduction of the Djiboutian franc

The Djiboutian franc was introduced as the official currency of French Somaliland, replacing the French franc at a 1:1 exchange rate.

Historic Djiboutian franc Nigerian Naira