Nigerian Naira egyptian pound exchange rate history (NGN EGP) December 2023

Nigerian Naira egyptian pound history for December 2023. The highest quote for this month is 0.039189 (17/12/2023) and the lowest 0.039163 (16/12/2023). The difference between high and low is 0.07.

NGN EGP average rate for December 2023 is 0.03757, the change between 01/12/2023 and 31/12/2023 is +11.88 %.

01 December 2023	1 NGN = 0.0391 EGP
02 December 2023	1 NGN = 0.0391 EGP
03 December 2023	1 NGN = 0.0392 EGP
04 December 2023	1 NGN = 0.0390 EGP
05 December 2023	1 NGN = 0.0387 EGP
06 December 2023	1 NGN = 0.0384 EGP
07 December 2023	1 NGN = 0.0385 EGP
08 December 2023	1 NGN = 0.0386 EGP
10 December 2023	1 NGN = 0.0391 EGP
11 December 2023	1 NGN = 0.0384 EGP
12 December 2023	1 NGN = 0.0390 EGP
13 December 2023	1 NGN = 0.0385 EGP
14 December 2023	1 NGN = 0.0385 EGP
15 December 2023	1 NGN = 0.0391 EGP
16 December 2023	1 NGN = 0.0392 EGP
17 December 2023	1 NGN = 0.0392 EGP
18 December 2023	1 NGN = 0.0385 EGP
19 December 2023	1 NGN = 0.0391 EGP
20 December 2023	1 NGN = 0.0386 EGP
21 December 2023	1 NGN = 0.0374 EGP
22 December 2023	1 NGN = 0.0374 EGP
23 December 2023	1 NGN = 0.0341 EGP
24 December 2023	1 NGN = 0.0342 EGP
25 December 2023	1 NGN = 0.0342 EGP
26 December 2023	1 NGN = 0.0341 EGP
27 December 2023	1 NGN = 0.0340 EGP
28 December 2023	1 NGN = 0.0344 EGP
29 December 2023	1 NGN = 0.0344 EGP

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound to fluctuate based on market forces.

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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Nigerian Naira Egyptian Pound