Historic Guatemalan quetzal Nigerian Naira

Guatemalan quetzal nigerian naira history for January 2024. The highest quote for this month is 156.04 (31/01/2024) and the lowest 125.49 (15/01/2024). The difference between high and low is 19.58.

GTQ NGN average rate for January 2024 is 118.44038, the change between 01/01/2024 and 31/01/2024 is -0.41 %.

01 January 20241 GTQ = 117.0 NGN
02 January 20241 GTQ = 117.3 NGN
03 January 20241 GTQ = 115.7 NGN
04 January 20241 GTQ = 116.8 NGN
05 January 20241 GTQ = 119.4 NGN
06 January 20241 GTQ = 116.8 NGN
07 January 20241 GTQ = 116.8 NGN
08 January 20241 GTQ = 120.0 NGN
09 January 20241 GTQ = 115.9 NGN
10 January 20241 GTQ = 119.7 NGN
11 January 20241 GTQ = 124.6 NGN
12 January 20241 GTQ = 125.4 NGN
15 January 20241 GTQ = 125.6 NGN
16 January 20241 GTQ = 125.5 NGN
17 January 20241 GTQ = 117.0 NGN
18 January 20241 GTQ = 114.5 NGN
19 January 20241 GTQ = 117.3 NGN
22 January 20241 GTQ = 116.7 NGN
23 January 20241 GTQ = 116.6 NGN
24 January 20241 GTQ = 120.0 NGN
25 January 20241 GTQ = 117.9 NGN
26 January 20241 GTQ = 116.2 NGN
28 January 20241 GTQ = 114.9 NGN
29 January 20241 GTQ = 117.6 NGN
30 January 20241 GTQ = 117.0 NGN
31 January 20241 GTQ = 117.5 NGN

14/09/2020: Centenary of the Quetzal

The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.

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.

30/05/2011: New banknotes

New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.

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.

09/02/1987: Quetzal devaluation

The Quetzal was devalued by 66% as part of an economic stabilization plan.

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.

13/09/1967: Decree Law 17-67

Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.

08/04/1951: Monetary Reform

Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.

25/06/1946: The Quetzalé bill

The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.

22/06/1925: Introduction of the Quetzal

The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.
GTQ NGN July 2023
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