Historic Nigerian Naira Colombian Peso

Nigerian Naira colombian peso history for February 2024. The highest quote for this month is 3.2791 (01/02/2024) and the lowest 3.2541 (01/02/2024). The difference between high and low is 0.76.

NGN COP average rate for February 2024 is 2.68751, the change between 01/02/2024 and 29/02/2024 is +26.61 %.

01 February 20241 NGN = 3.279 COP
02 February 20241 NGN = 3.259 COP
03 February 20241 NGN = 2.787 COP
04 February 20241 NGN = 2.787 COP
05 February 20241 NGN = 3.253 COP
06 February 20241 NGN = 2.830 COP
07 February 20241 NGN = 2.807 COP
08 February 20241 NGN = 2.789 COP
09 February 20241 NGN = 2.811 COP
12 February 20241 NGN = 2.641 COP
13 February 20241 NGN = 2.603 COP
14 February 20241 NGN = 2.590 COP
15 February 20241 NGN = 2.581 COP
16 February 20241 NGN = 2.576 COP
17 February 20241 NGN = 2.617 COP
18 February 20241 NGN = 2.617 COP
19 February 20241 NGN = 2.587 COP
20 February 20241 NGN = 2.623 COP
21 February 20241 NGN = 2.439 COP
22 February 20241 NGN = 2.442 COP
23 February 20241 NGN = 2.444 COP
24 February 20241 NGN = 2.664 COP
25 February 20241 NGN = 2.664 COP
26 February 20241 NGN = 2.415 COP
27 February 20241 NGN = 2.565 COP
28 February 20241 NGN = 2.490 COP
29 February 20241 NGN = 2.407 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.
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