Historic Nigerian Naira Egyptian Pound

Nigerian Naira egyptian pound history for February 2024. The highest quote for this month is 0.025907 (01/02/2024) and the lowest 0.0258 (01/02/2024). The difference between high and low is 0.41.

NGN EGP average rate for February 2024 is 0.02116, the change between 01/02/2024 and 29/02/2024 is +26.67 %.

01 February 20241 NGN = 0.0259 EGP
02 February 20241 NGN = 0.0259 EGP
03 February 20241 NGN = 0.0218 EGP
04 February 20241 NGN = 0.0218 EGP
05 February 20241 NGN = 0.0261 EGP
06 February 20241 NGN = 0.0220 EGP
07 February 20241 NGN = 0.0219 EGP
08 February 20241 NGN = 0.0218 EGP
09 February 20241 NGN = 0.0220 EGP
12 February 20241 NGN = 0.0208 EGP
13 February 20241 NGN = 0.0205 EGP
14 February 20241 NGN = 0.0204 EGP
15 February 20241 NGN = 0.0204 EGP
16 February 20241 NGN = 0.0204 EGP
17 February 20241 NGN = 0.0207 EGP
18 February 20241 NGN = 0.0207 EGP
19 February 20241 NGN = 0.0206 EGP
20 February 20241 NGN = 0.0207 EGP
21 February 20241 NGN = 0.0192 EGP
22 February 20241 NGN = 0.0192 EGP
23 February 20241 NGN = 0.0192 EGP
24 February 20241 NGN = 0.0207 EGP
25 February 20241 NGN = 0.0208 EGP
26 February 20241 NGN = 0.0192 EGP
27 February 20241 NGN = 0.0200 EGP
28 February 20241 NGN = 0.0196 EGP
29 February 20241 NGN = 0.0190 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.
NGN EGP June 2023
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NGN EGP December 2023
NGN EGP January 2024
NGN EGP February 2024
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NGN EGP June 2024