Historic Guinean franc Nigerian Naira

Guinean franc nigerian naira history for February 2024. The highest quote for this month is 0.19145 (29/02/2024) and the lowest 0.18866 (23/02/2024). The difference between high and low is 1.46.

GNF NGN average rate for February 2024 is 0.17261, the change between 01/02/2024 and 29/02/2024 is -36.69 %.

01 February 20241 GNF = 0.1401 NGN
02 February 20241 GNF = 0.1398 NGN
03 February 20241 GNF = 0.1663 NGN
04 February 20241 GNF = 0.1663 NGN
05 February 20241 GNF = 0.1387 NGN
06 February 20241 GNF = 0.1643 NGN
07 February 20241 GNF = 0.1651 NGN
08 February 20241 GNF = 0.1664 NGN
09 February 20241 GNF = 0.1649 NGN
12 February 20241 GNF = 0.1733 NGN
13 February 20241 GNF = 0.1766 NGN
14 February 20241 GNF = 0.1779 NGN
15 February 20241 GNF = 0.1779 NGN
16 February 20241 GNF = 0.1779 NGN
17 February 20241 GNF = 0.1755 NGN
18 February 20241 GNF = 0.1755 NGN
19 February 20241 GNF = 0.1754 NGN
20 February 20241 GNF = 0.1755 NGN
21 February 20241 GNF = 0.1884 NGN
22 February 20241 GNF = 0.1883 NGN
23 February 20241 GNF = 0.1885 NGN
24 February 20241 GNF = 0.1752 NGN
25 February 20241 GNF = 0.1752 NGN
26 February 20241 GNF = 0.1889 NGN
27 February 20241 GNF = 0.1815 NGN
28 February 20241 GNF = 0.1855 NGN
29 February 20241 GNF = 0.1916 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.
GNF NGN July 2023
GNF NGN August 2023
GNF NGN September 2023
GNF NGN October 2023
GNF NGN November 2023
GNF NGN December 2023
GNF NGN January 2024
GNF NGN February 2024
GNF NGN March 2024
GNF NGN April 2024
GNF NGN May 2024
GNF NGN June 2024
GNF NGN July 2024