Guyanese dollar nigerian naira exchange rate history (GYD NGN) December 2023

Guyanese dollar nigerian naira history for December 2023. The highest quote for this month is 4.5268 (22/12/2023) and the lowest 4.5128 (22/12/2023). The difference between high and low is 0.31.

GYD NGN average rate for December 2023 is 4.0744, the change between 01/12/2023 and 31/12/2023 is -12.88 %.

01 December 2023	1 GYD = 3.949 NGN
02 December 2023	1 GYD = 3.783 NGN
03 December 2023	1 GYD = 3.783 NGN
04 December 2023	1 GYD = 3.939 NGN
05 December 2023	1 GYD = 3.987 NGN
06 December 2023	1 GYD = 4.011 NGN
07 December 2023	1 GYD = 4.014 NGN
08 December 2023	1 GYD = 4.001 NGN
10 December 2023	1 GYD = 3.793 NGN
11 December 2023	1 GYD = 4.006 NGN
12 December 2023	1 GYD = 3.960 NGN
13 December 2023	1 GYD = 4.007 NGN
14 December 2023	1 GYD = 4.011 NGN
15 December 2023	1 GYD = 3.949 NGN
16 December 2023	1 GYD = 3.794 NGN
17 December 2023	1 GYD = 3.794 NGN
18 December 2023	1 GYD = 3.985 NGN
19 December 2023	1 GYD = 3.946 NGN
20 December 2023	1 GYD = 3.999 NGN
21 December 2023	1 GYD = 4.118 NGN
22 December 2023	1 GYD = 4.121 NGN
23 December 2023	1 GYD = 4.347 NGN
24 December 2023	1 GYD = 4.332 NGN
25 December 2023	1 GYD = 4.509 NGN
26 December 2023	1 GYD = 4.512 NGN
27 December 2023	1 GYD = 4.512 NGN
28 December 2023	1 GYD = 4.468 NGN
29 December 2023	1 GYD = 4.457 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Nigerian Naira