Historic Nigerian Naira Salvadoran Colón

Nigerian Naira salvadoran colón history for March 2024. The highest quote for this month is 0.005669 (03/03/2024) and the lowest 0.005669 (03/03/2024). The difference between high and low is 0.

NGN SVC average rate for March 2024 is 0.00544, the change between 01/03/2024 and 31/03/2024 is -2.1 %.

01 March 20241 NGN = 0.0053 SVC
03 March 20241 NGN = 0.0057 SVC
04 March 20241 NGN = 0.0054 SVC
05 March 20241 NGN = 0.0056 SVC
06 March 20241 NGN = 0.0055 SVC
07 March 20241 NGN = 0.0054 SVC
08 March 20241 NGN = 0.0053 SVC
10 March 20241 NGN = 0.0055 SVC
11 March 20241 NGN = 0.0053 SVC
12 March 20241 NGN = 0.0054 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.