Guinean franc nigerian naira exchange rate history (GNF NGN) December 2023

Guinean franc nigerian naira history for December 2023. The highest quote for this month is 0.10716 (26/12/2023) and the lowest 0.107 (26/12/2023). The difference between high and low is 0.15.

GNF NGN average rate for December 2023 is 0.0968, the change between 01/12/2023 and 31/12/2023 is -14.36 %.

01 December 2023	1 GNF = 0.0928 NGN
02 December 2023	1 GNF = 0.0925 NGN
03 December 2023	1 GNF = 0.0927 NGN
04 December 2023	1 GNF = 0.0926 NGN
05 December 2023	1 GNF = 0.0937 NGN
06 December 2023	1 GNF = 0.0941 NGN
07 December 2023	1 GNF = 0.0942 NGN
08 December 2023	1 GNF = 0.0939 NGN
10 December 2023	1 GNF = 0.0929 NGN
11 December 2023	1 GNF = 0.0942 NGN
12 December 2023	1 GNF = 0.0929 NGN
13 December 2023	1 GNF = 0.0942 NGN
14 December 2023	1 GNF = 0.0942 NGN
15 December 2023	1 GNF = 0.0926 NGN
16 December 2023	1 GNF = 0.0927 NGN
17 December 2023	1 GNF = 0.0927 NGN
18 December 2023	1 GNF = 0.0937 NGN
19 December 2023	1 GNF = 0.0924 NGN
20 December 2023	1 GNF = 0.0937 NGN
21 December 2023	1 GNF = 0.0965 NGN
22 December 2023	1 GNF = 0.0978 NGN
23 December 2023	1 GNF = 0.1065 NGN
24 December 2023	1 GNF = 0.1060 NGN
25 December 2023	1 GNF = 0.1060 NGN
26 December 2023	1 GNF = 0.1060 NGN
27 December 2023	1 GNF = 0.1071 NGN
28 December 2023	1 GNF = 0.1059 NGN
29 December 2023	1 GNF = 0.1062 NGN

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.

30/06/2015: Demonetization of old Guinean franc banknotes

The old series of Guinean franc banknotes, denominated in 'Syli,' ceased to be legal tender, and only the new franc banknotes remained in circulation.

26/09/2012: Introduction of new Guinean franc coins

New coins denominated in the Guinean franc were introduced, replacing the previously used Guinean syli coins.

30/06/2010: Revaluation of the Guinean franc

The Guinean franc underwent a revaluation, with 1 new franc being equivalent to 10,000 old francs.

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.

30/06/1997: Introduction of new Guinean franc

A new series of Guinean franc banknotes, denominated in 'Syli,' was introduced as a replacement for the previous 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.

30/11/1985: Devaluation of the Guinean franc

The Guinean franc was devalued by 50%, leading to an economic crisis and high inflation.

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.

31/05/1971: Redenomination of the Guinean franc

The Guinean franc underwent a redenomination, with 1 new franc being equivalent to 10 old francs.

01/10/1959: Introduction of Guinean franc

The Guinean franc was introduced as the official currency of Guinea following its independence from France.

Historic Guinean franc Nigerian Naira