Historic Djiboutian franc Nigerian Naira

Djiboutian franc nigerian naira history for February 2024. The highest quote for this month is 9.233 (22/02/2024) and the lowest 9.224 (23/02/2024). The difference between high and low is 0.1.

DJF NGN average rate for February 2024 is 8.32039, the change between 01/02/2024 and 29/02/2024 is -39.8 %.

01 February 20241 DJF = 6.72 NGN
02 February 20241 DJF = 6.71 NGN
03 February 20241 DJF = 7.94 NGN
04 February 20241 DJF = 7.94 NGN
05 February 20241 DJF = 6.79 NGN
06 February 20241 DJF = 8.04 NGN
07 February 20241 DJF = 8.09 NGN
08 February 20241 DJF = 7.98 NGN
09 February 20241 DJF = 7.90 NGN
12 February 20241 DJF = 8.49 NGN
13 February 20241 DJF = 8.46 NGN
14 February 20241 DJF = 8.53 NGN
15 February 20241 DJF = 8.53 NGN
16 February 20241 DJF = 8.53 NGN
17 February 20241 DJF = 8.39 NGN
18 February 20241 DJF = 8.39 NGN
19 February 20241 DJF = 8.59 NGN
20 February 20241 DJF = 8.40 NGN
21 February 20241 DJF = 9.04 NGN
22 February 20241 DJF = 9.04 NGN
23 February 20241 DJF = 9.23 NGN
24 February 20241 DJF = 8.37 NGN
25 February 20241 DJF = 8.36 NGN
26 February 20241 DJF = 9.25 NGN
27 February 20241 DJF = 8.69 NGN
28 February 20241 DJF = 8.88 NGN
29 February 20241 DJF = 9.39 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.
DJF NGN August 2023
DJF NGN September 2023
DJF NGN October 2023
DJF NGN November 2023
DJF NGN December 2023
DJF NGN January 2024
DJF NGN February 2024
DJF NGN March 2024
DJF NGN April 2024
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DJF NGN June 2024
DJF NGN July 2024
DJF NGN August 2024