Historic Egyptian Pound Nigerian Naira

Egyptian Pound nigerian naira history for December 2023. The highest quote for this month is 29.348 (23/12/2023) and the lowest 29.366 (27/12/2023). The difference between high and low is -0.06.

EGP NGN average rate for December 2023 is 26.69871, the change between 01/12/2023 and 31/12/2023 is -13.48 %.

01 December 20231 EGP = 25.59 NGN
02 December 20231 EGP = 25.56 NGN
03 December 20231 EGP = 25.54 NGN
04 December 20231 EGP = 25.61 NGN
05 December 20231 EGP = 25.84 NGN
06 December 20231 EGP = 26.07 NGN
07 December 20231 EGP = 25.97 NGN
08 December 20231 EGP = 25.93 NGN
10 December 20231 EGP = 25.61 NGN
11 December 20231 EGP = 26.06 NGN
12 December 20231 EGP = 25.67 NGN
13 December 20231 EGP = 25.96 NGN
14 December 20231 EGP = 25.98 NGN
15 December 20231 EGP = 25.58 NGN
16 December 20231 EGP = 25.53 NGN
17 December 20231 EGP = 25.52 NGN
18 December 20231 EGP = 25.97 NGN
19 December 20231 EGP = 25.57 NGN
20 December 20231 EGP = 25.90 NGN
21 December 20231 EGP = 26.71 NGN
22 December 20231 EGP = 26.72 NGN
23 December 20231 EGP = 29.35 NGN
24 December 20231 EGP = 29.25 NGN
25 December 20231 EGP = 29.28 NGN
26 December 20231 EGP = 29.31 NGN
27 December 20231 EGP = 29.39 NGN
28 December 20231 EGP = 29.09 NGN
29 December 20231 EGP = 29.04 NGN

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate 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.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.
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