Guatemalan quetzal nigerian naira exchange rate history (GTQ NGN) September 2023

Guatemalan quetzal nigerian naira history for September 2023. The highest quote for this month is 103.67 (28/09/2023) and the lowest 102.11 (08/09/2023). The difference between high and low is 1.5.

GTQ NGN average rate for September 2023 is 99.76683, the change between 01/09/2023 and 30/09/2023 is +2.87 %.

01 September 2023	1 GTQ = 100.8 NGN
04 September 2023	1 GTQ = 97.99 NGN
05 September 2023	1 GTQ = 98.37 NGN
06 September 2023	1 GTQ = 98.76 NGN
07 September 2023	1 GTQ = 98.19 NGN
08 September 2023	1 GTQ = 102.2 NGN
11 September 2023	1 GTQ = 102.8 NGN
12 September 2023	1 GTQ = 101.5 NGN
13 September 2023	1 GTQ = 98.12 NGN
14 September 2023	1 GTQ = 101.9 NGN
15 September 2023	1 GTQ = 102.0 NGN
18 September 2023	1 GTQ = 100.1 NGN
19 September 2023	1 GTQ = 98.89 NGN
20 September 2023	1 GTQ = 101.0 NGN
21 September 2023	1 GTQ = 100.3 NGN
22 September 2023	1 GTQ = 99.90 NGN
23 September 2023	1 GTQ = 93.72 NGN
24 September 2023	1 GTQ = 93.72 NGN
25 September 2023	1 GTQ = 100.3 NGN
26 September 2023	1 GTQ = 101.5 NGN
27 September 2023	1 GTQ = 101.6 NGN
28 September 2023	1 GTQ = 101.7 NGN
29 September 2023	1 GTQ = 101.4 NGN
30 September 2023	1 GTQ = 97.87 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.

Historic Guatemalan quetzal Nigerian Naira