Historic Nigerian Naira Danish Krone

Nigerian Naira danish krone history for January 2024. The highest quote for this month is 0.007736 (23/01/2024) and the lowest 0.007969 (18/01/2024). The difference between high and low is -3.01.

NGN DKK average rate for January 2024 is 0.00754, the change between 01/01/2024 and 31/01/2024 is -1.82 %.

01 January 20241 NGN = 0.0075 DKK
02 January 20241 NGN = 0.0075 DKK
03 January 20241 NGN = 0.0077 DKK
04 January 20241 NGN = 0.0077 DKK
05 January 20241 NGN = 0.0075 DKK
06 January 20241 NGN = 0.0075 DKK
07 January 20241 NGN = 0.0075 DKK
08 January 20241 NGN = 0.0075 DKK
09 January 20241 NGN = 0.0077 DKK
10 January 20241 NGN = 0.0075 DKK
11 January 20241 NGN = 0.0071 DKK
12 January 20241 NGN = 0.0071 DKK
15 January 20241 NGN = 0.0071 DKK
16 January 20241 NGN = 0.0071 DKK
17 January 20241 NGN = 0.0077 DKK
18 January 20241 NGN = 0.0078 DKK
19 January 20241 NGN = 0.0077 DKK
22 January 20241 NGN = 0.0077 DKK
23 January 20241 NGN = 0.0077 DKK
24 January 20241 NGN = 0.0075 DKK
25 January 20241 NGN = 0.0076 DKK
26 January 20241 NGN = 0.0077 DKK
28 January 20241 NGN = 0.0077 DKK
29 January 20241 NGN = 0.0076 DKK
30 January 20241 NGN = 0.0077 DKK
31 January 20241 NGN = 0.0077 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 November 2023
NGN DKK December 2023
NGN DKK January 2024
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NGN DKK November 2024