Historic Nigerian Naira Costa Rican colón

Nigerian Naira costa rican colón history for February 2024. The highest quote for this month is 0.4199 (01/02/2024) and the lowest 0.41913 (01/02/2024). The difference between high and low is 0.18.

NGN CRC average rate for February 2024 is 0.34603, the change between 01/02/2024 and 29/02/2024 is +26.58 %.

01 February 20241 NGN = 0.4180 CRC
02 February 20241 NGN = 0.4192 CRC
03 February 20241 NGN = 0.3627 CRC
04 February 20241 NGN = 0.3627 CRC
05 February 20241 NGN = 0.4261 CRC
06 February 20241 NGN = 0.3603 CRC
07 February 20241 NGN = 0.3582 CRC
08 February 20241 NGN = 0.3555 CRC
09 February 20241 NGN = 0.3592 CRC
12 February 20241 NGN = 0.3414 CRC
13 February 20241 NGN = 0.3351 CRC
14 February 20241 NGN = 0.3325 CRC
15 February 20241 NGN = 0.3326 CRC
16 February 20241 NGN = 0.3326 CRC
17 February 20241 NGN = 0.3440 CRC
18 February 20241 NGN = 0.3440 CRC
19 February 20241 NGN = 0.3372 CRC
20 February 20241 NGN = 0.3356 CRC
21 February 20241 NGN = 0.3122 CRC
22 February 20241 NGN = 0.3115 CRC
23 February 20241 NGN = 0.3125 CRC
24 February 20241 NGN = 0.3444 CRC
25 February 20241 NGN = 0.3444 CRC
26 February 20241 NGN = 0.3120 CRC
27 February 20241 NGN = 0.3245 CRC
28 February 20241 NGN = 0.3177 CRC
29 February 20241 NGN = 0.3069 CRC

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.

15/10/2006: New series of banknotes

Costa Rica introduced a new series of banknotes featuring enhanced security features to combat counterfeiting and modernize the colón currency.

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.

21/05/1991: Free-floating exchange rate

Costa Rica transitioned to a floating exchange rate regime, allowing the colón's value to be determined by market forces.

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.

09/11/1961: Introduction of the Monetary Reform

Costa Rica implemented a monetary reform, replacing the old colón with a new one at a rate of 1 to 100, to combat inflation.

30/11/1949: Abolition of the army

After the abolition of the army, the Costa Rican government focused on economic development, leading to stable monetary policies for the colón.

14/12/1917: Establishment of the Central Bank of Costa Rica

The Central Bank of Costa Rica was established to oversee monetary policy, including the management of the colón.

09/04/1896: Adoption of the gold standard

Costa Rica adopted the gold standard, pegging the value of the colón to gold, leading to currency stability.

18/03/1850: Introduction of the Costa Rican colón

The Costa Rican colón was officially introduced as the currency of Costa Rica to replace the Spanish real.