Nigerian Naira colombian peso exchange rate history (NGN COP) December 2023

Nigerian Naira colombian peso history for December 2023. The highest quote for this month is 5.0875 (01/12/2023) and the lowest 5.0504 (13/12/2023). The difference between high and low is 0.73.

NGN COP average rate for December 2023 is 4.80967, the change between 01/12/2023 and 31/12/2023 is +14.88 %.

01 December 2023	1 NGN = 5.08 COP
02 December 2023	1 NGN = 5.03 COP
03 December 2023	1 NGN = 5.03 COP
04 December 2023	1 NGN = 5.04 COP
05 December 2023	1 NGN = 5.03 COP
06 December 2023	1 NGN = 5.00 COP
07 December 2023	1 NGN = 4.981 COP
08 December 2023	1 NGN = 4.994 COP
10 December 2023	1 NGN = 5.04 COP
11 December 2023	1 NGN = 4.917 COP
12 December 2023	1 NGN = 5.00 COP
13 December 2023	1 NGN = 4.972 COP
14 December 2023	1 NGN = 4.948 COP
15 December 2023	1 NGN = 5.02 COP
16 December 2023	1 NGN = 4.997 COP
17 December 2023	1 NGN = 4.997 COP
18 December 2023	1 NGN = 4.917 COP
19 December 2023	1 NGN = 4.982 COP
20 December 2023	1 NGN = 4.927 COP
21 December 2023	1 NGN = 4.779 COP
22 December 2023	1 NGN = 4.781 COP
23 December 2023	1 NGN = 4.315 COP
24 December 2023	1 NGN = 4.331 COP
25 December 2023	1 NGN = 4.322 COP
26 December 2023	1 NGN = 4.370 COP
27 December 2023	1 NGN = 4.265 COP
28 December 2023	1 NGN = 4.282 COP
29 December 2023	1 NGN = 4.325 COP

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.

02/12/2016: Peace Agreement Impact

After the signing of the peace agreement with FARC, the Colombian Peso strengthened and saw improvements in the economy.

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.

24/07/2001: Exchange rate flexibility

Colombia allowed the Colombian Peso to have a flexible exchange rate, transitioning from a fixed exchange rate system.

21/10/1999: Colombia's Financial Crisis

Colombia faced a financial crisis resulting in a devaluation of the Peso and an economic recession.

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.

04/07/1991: Introduction of a New Peso

A new Peso was introduced with a higher value, replacing the old Peso due to 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.

12/06/1953: Creation of Banco de la República

The central bank of Colombia, Banco de la República, was established to regulate and control the Colombian Peso.

31/07/1886: Adoption of the Gold Standard

Colombia adopted the gold standard, linking the value of the Peso to gold, stabilizing the currency.

27/05/1837: Introduction of the Peso

The Colombian Peso was introduced as the official currency of Colombia, replacing the Spanish real.

Historic Nigerian Naira Colombian Peso