Kuwaiti Dinar nigerian naira exchange rate history (KWD NGN) December 2023

Kuwaiti Dinar nigerian naira history for December 2023. The highest quote for this month is 2952.71 (22/12/2023) and the lowest 2945.91 (26/12/2023). The difference between high and low is 0.23.

KWD NGN average rate for December 2023 is 2683.65963, the change between 01/12/2023 and 31/12/2023 is -14.1 %.

01 December 2023	1 KWD = 2562.27 NGN
02 December 2023	1 KWD = 2552.47 NGN
04 December 2023	1 KWD = 2558.15 NGN
05 December 2023	1 KWD = 2588.75 NGN
06 December 2023	1 KWD = 2600.77 NGN
07 December 2023	1 KWD = 2606.04 NGN
08 December 2023	1 KWD = 2601.14 NGN
10 December 2023	1 KWD = 2562.44 NGN
11 December 2023	1 KWD = 2608.33 NGN
12 December 2023	1 KWD = 2574.51 NGN
13 December 2023	1 KWD = 2605.41 NGN
14 December 2023	1 KWD = 2607.88 NGN
15 December 2023	1 KWD = 2574.58 NGN
16 December 2023	1 KWD = 2566.69 NGN
17 December 2023	1 KWD = 2566.69 NGN
18 December 2023	1 KWD = 2613.04 NGN
19 December 2023	1 KWD = 2570.61 NGN
20 December 2023	1 KWD = 2605.52 NGN
21 December 2023	1 KWD = 2684.88 NGN
22 December 2023	1 KWD = 2689.73 NGN
23 December 2023	1 KWD = 2943.41 NGN
24 December 2023	1 KWD = 2936.85 NGN
25 December 2023	1 KWD = 2945.23 NGN
26 December 2023	1 KWD = 2947.45 NGN
27 December 2023	1 KWD = 2943.70 NGN
28 December 2023	1 KWD = 2918.83 NGN
29 December 2023	1 KWD = 2923.44 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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

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.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

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.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

Historic Kuwaiti Dinar Nigerian Naira