Historic Nigerian Naira Danish Krone

Nigerian Naira danish krone history for February 2024. The highest quote for this month is 0.005792 (01/02/2024) and the lowest 0.005754 (01/02/2024). The difference between high and low is 0.66.

NGN DKK average rate for February 2024 is 0.00474, the change between 01/02/2024 and 29/02/2024 is +27.01 %.

01 February 20241 NGN = 0.0058 DKK
02 February 20241 NGN = 0.0058 DKK
03 February 20241 NGN = 0.0049 DKK
04 February 20241 NGN = 0.0049 DKK
05 February 20241 NGN = 0.0058 DKK
06 February 20241 NGN = 0.0050 DKK
07 February 20241 NGN = 0.0049 DKK
08 February 20241 NGN = 0.0049 DKK
09 February 20241 NGN = 0.0049 DKK
12 February 20241 NGN = 0.0047 DKK
13 February 20241 NGN = 0.0046 DKK
14 February 20241 NGN = 0.0046 DKK
15 February 20241 NGN = 0.0046 DKK
16 February 20241 NGN = 0.0046 DKK
17 February 20241 NGN = 0.0046 DKK
18 February 20241 NGN = 0.0046 DKK
19 February 20241 NGN = 0.0046 DKK
20 February 20241 NGN = 0.0046 DKK
21 February 20241 NGN = 0.0043 DKK
22 February 20241 NGN = 0.0043 DKK
23 February 20241 NGN = 0.0043 DKK
25 February 20241 NGN = 0.0046 DKK
26 February 20241 NGN = 0.0043 DKK
27 February 20241 NGN = 0.0044 DKK
28 February 20241 NGN = 0.0044 DKK
29 February 20241 NGN = 0.0042 DKK

04/02/2021: Ending of Intervention Policy

Denmark's central bank announced the end of its long-standing policy of defending the Krone's peg to the Euro.

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.

19/09/2000: Referendum on Euro Membership

Danish voters rejected adopting the Euro in a referendum, maintaining the Krone as the national 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.

31/12/1998: Euro peg

Denmark joined the European Exchange Rate Mechanism (ERM II), pegging the Krone to the Euro with a narrow fluctuation band.

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.

24/03/1982: Floating Exchange Rate

Denmark switched to a floating exchange rate regime, allowing the Krone's value to be determined by market forces.

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.

21/07/1944: Bretton Woods Agreement

Denmark became a member of the International Monetary Fund (IMF) and agreed to the Bretton Woods system, pegging the Krone to the US dollar.

10/09/1927: Return to Gold Standard

Denmark abandoned the gold standard due to economic pressures and public debt.

31/12/1872: Pegging to Gold Standard

The Danish Krone was pegged to the gold standard, fixing its value in relation to gold.
NGN DKK January 2024
NGN DKK February 2024
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NGN DKK June 2024
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NGN DKK January 2025