Historic Egyptian Pound Nigerian Naira

Egyptian Pound nigerian naira history for February 2024. The highest quote for this month is 52.71 (28/02/2024) and the lowest 51.999 (22/02/2024). The difference between high and low is 1.35.

EGP NGN average rate for February 2024 is 47.61419, the change between 01/02/2024 and 29/02/2024 is -36.37 %.

01 February 20241 EGP = 38.68 NGN
02 February 20241 EGP = 38.62 NGN
03 February 20241 EGP = 45.81 NGN
04 February 20241 EGP = 45.81 NGN
05 February 20241 EGP = 38.38 NGN
06 February 20241 EGP = 45.35 NGN
07 February 20241 EGP = 45.59 NGN
08 February 20241 EGP = 45.93 NGN
09 February 20241 EGP = 45.47 NGN
12 February 20241 EGP = 48.04 NGN
13 February 20241 EGP = 48.69 NGN
14 February 20241 EGP = 49.07 NGN
15 February 20241 EGP = 49.11 NGN
16 February 20241 EGP = 49.13 NGN
17 February 20241 EGP = 48.39 NGN
18 February 20241 EGP = 48.39 NGN
19 February 20241 EGP = 48.57 NGN
20 February 20241 EGP = 48.37 NGN
21 February 20241 EGP = 51.95 NGN
22 February 20241 EGP = 52.03 NGN
23 February 20241 EGP = 52.03 NGN
24 February 20241 EGP = 48.25 NGN
25 February 20241 EGP = 48.09 NGN
26 February 20241 EGP = 52.04 NGN
27 February 20241 EGP = 49.95 NGN
28 February 20241 EGP = 51.13 NGN
29 February 20241 EGP = 52.74 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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