Nigerian Naira salvadoran colón history for July 2023. The highest quote for this month is 0.011166 (28/07/2023) and the lowest 0.011244 (03/07/2023). The difference between high and low is -0.7.
NGN SVC average rate for July 2023 is 0.01094, the change between 01/07/2023 and 31/07/2023 is +1.3 %.
03 July 2023 | 1 NGN = 0.0112 SVC |
04 July 2023 | 1 NGN = 0.0111 SVC |
05 July 2023 | 1 NGN = 0.0111 SVC |
06 July 2023 | 1 NGN = 0.0110 SVC |
07 July 2023 | 1 NGN = 0.0110 SVC |
10 July 2023 | 1 NGN = 0.0111 SVC |
11 July 2023 | 1 NGN = 0.0108 SVC |
12 July 2023 | 1 NGN = 0.0110 SVC |
13 July 2023 | 1 NGN = 0.0109 SVC |
14 July 2023 | 1 NGN = 0.0110 SVC |
17 July 2023 | 1 NGN = 0.0110 SVC |
18 July 2023 | 1 NGN = 0.0110 SVC |
19 July 2023 | 1 NGN = 0.0108 SVC |
20 July 2023 | 1 NGN = 0.0108 SVC |
21 July 2023 | 1 NGN = 0.0108 SVC |
24 July 2023 | 1 NGN = 0.0108 SVC |
25 July 2023 | 1 NGN = 0.0108 SVC |
26 July 2023 | 1 NGN = 0.0108 SVC |
27 July 2023 | 1 NGN = 0.0108 SVC |
28 July 2023 | 1 NGN = 0.0110 SVC |
31 July 2023 | 1 NGN = 0.0110 SVC |
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.
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.
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.