Nigerian Naira algerian dinar exchange rate history (NGN DZD) February 2024

Nigerian Naira algerian dinar history for February 2024. The highest quote for this month is 0.11277 (01/02/2024) and the lowest 0.11154 (01/02/2024). The difference between high and low is 1.09.

NGN DZD average rate for February 2024 is 0.09193, the change between 01/02/2024 and 29/02/2024 is +26.98 %.

01 February 2024	1 NGN = 0.1124 DZD
02 February 2024	1 NGN = 0.1127 DZD
03 February 2024	1 NGN = 0.0948 DZD
04 February 2024	1 NGN = 0.0948 DZD
05 February 2024	1 NGN = 0.1124 DZD
06 February 2024	1 NGN = 0.0961 DZD
07 February 2024	1 NGN = 0.0956 DZD
08 February 2024	1 NGN = 0.0946 DZD
09 February 2024	1 NGN = 0.0955 DZD
12 February 2024	1 NGN = 0.0908 DZD
13 February 2024	1 NGN = 0.0893 DZD
14 February 2024	1 NGN = 0.0887 DZD
15 February 2024	1 NGN = 0.0885 DZD
16 February 2024	1 NGN = 0.0885 DZD
17 February 2024	1 NGN = 0.0900 DZD
18 February 2024	1 NGN = 0.0900 DZD
19 February 2024	1 NGN = 0.0898 DZD
20 February 2024	1 NGN = 0.0898 DZD
21 February 2024	1 NGN = 0.0834 DZD
22 February 2024	1 NGN = 0.0833 DZD
23 February 2024	1 NGN = 0.0834 DZD
24 February 2024	1 NGN = 0.0902 DZD
25 February 2024	1 NGN = 0.0902 DZD
26 February 2024	1 NGN = 0.0834 DZD
27 February 2024	1 NGN = 0.0868 DZD
28 February 2024	1 NGN = 0.0850 DZD
29 February 2024	1 NGN = 0.0821 DZD

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.

20/12/2017: Devaluation of Algerian Dinar

The Algerian dinar was devalued again, as it faced economic challenges and low oil prices.

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.

29/06/2014: 50th Anniversary of Algerian Dinar

Algeria celebrated the 50th anniversary of the introduction of the Algerian dinar as its national currency.

21/12/1999: Introduction of Euro-Dinar Exchange Rate

The euro-dinar exchange rate was introduced, replacing the French franc as the peg currency for the Algerian 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.

17/09/1994: Introduction of New Dinar

A new series of banknotes was introduced in Algeria, with the intent of stabilizing the currency and reducing inflation.

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.

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.

10/11/1973: Devaluation of Algerian Dinar

The Algerian dinar was devalued by 30%, as a result of the global oil crisis and economic challenges faced by Algeria.

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.

07/05/1971: Algerian Dinar Pegged to French Franc

The Algerian dinar was pegged to the French franc at a rate of 1 dinar to 1.20 francs, establishing a fixed exchange rate.

01/10/1964: Introduction of Algerian Dinar

The Algerian dinar was introduced as the official currency of Algeria, replacing the French franc at a rate of 1 dinar to 100 francs.

Historic Nigerian Naira Algerian dinar