Nigerian Naira chilean peso exchange rate history (NGN CLP) December 2023

Nigerian Naira chilean peso history for December 2023. The highest quote for this month is 1.1175 (11/12/2023) and the lowest 1.1138 (12/12/2023). The difference between high and low is 0.33.

NGN CLP average rate for December 2023 is 1.06377, the change between 01/12/2023 and 31/12/2023 is +10.47 %.

01 December 2023	1 NGN = 1.102 CLP
02 December 2023	1 NGN = 1.082 CLP
03 December 2023	1 NGN = 1.082 CLP
04 December 2023	1 NGN = 1.085 CLP
05 December 2023	1 NGN = 1.086 CLP
06 December 2023	1 NGN = 1.095 CLP
07 December 2023	1 NGN = 1.084 CLP
08 December 2023	1 NGN = 1.090 CLP
10 December 2023	1 NGN = 1.097 CLP
11 December 2023	1 NGN = 1.071 CLP
12 December 2023	1 NGN = 1.113 CLP
13 December 2023	1 NGN = 1.094 CLP
14 December 2023	1 NGN = 1.091 CLP
15 December 2023	1 NGN = 1.094 CLP
16 December 2023	1 NGN = 1.098 CLP
17 December 2023	1 NGN = 1.098 CLP
18 December 2023	1 NGN = 1.069 CLP
19 December 2023	1 NGN = 1.107 CLP
20 December 2023	1 NGN = 1.078 CLP
21 December 2023	1 NGN = 1.055 CLP
22 December 2023	1 NGN = 1.065 CLP
24 December 2023	1 NGN = 0.9840 CLP
25 December 2023	1 NGN = 0.9559 CLP
26 December 2023	1 NGN = 0.9869 CLP
27 December 2023	1 NGN = 0.9863 CLP
28 December 2023	1 NGN = 0.9873 CLP
29 December 2023	1 NGN = 0.9862 CLP

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.

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.

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.

29/09/1977: Decimals Introduced

Chile replaced the escudo with the decimal centavo as the subunit of the peso, simplifying its monetary system.

29/09/1975: Floating Exchange Rate

Chile moved from a fixed to a floating exchange rate system, allowing the peso to be determined by market forces.

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.

02/01/1958: Introduction of Escudo as Subunit

The subunit of 1/100 peso, called the escudo, was introduced to facilitate smaller transactions in Chile.

31/12/1925: Creation of the Central Bank of Chile

The Central Bank of Chile was established, gaining authority over the country's currency issuance and monetary policy.

25/06/1895: Gold Standard Adoption

Chile adopted the gold standard, tying the value of the Chilean Peso to the price of gold and stabilizing its currency.

15/06/1851: First Peso Coinage

The first official peso coins were introduced by the Chilean government, replacing the Spanish colonial currency.

12/02/1817: Chilean Independence

Chile gained independence from Spain, leading to the establishment of the Chilean Peso as its official currency.

Historic Nigerian Naira Chilean Peso