Nigerian Naira ghana cedi exchange rate history (NGN GHS) August 2023

Nigerian Naira ghana cedi history for August 2023. The highest quote for this month is 0.015102 (19/08/2023) and the lowest 0.015285 (30/08/2023). The difference between high and low is -1.21.

NGN GHS average rate for August 2023 is 0.01466, the change between 01/08/2023 and 31/08/2023 is -0.64 %.

01 August 2023	1 NGN = 0.0147 GHS
02 August 2023	1 NGN = 0.0146 GHS
03 August 2023	1 NGN = 0.0145 GHS
04 August 2023	1 NGN = 0.0141 GHS
07 August 2023	1 NGN = 0.0146 GHS
08 August 2023	1 NGN = 0.0148 GHS
09 August 2023	1 NGN = 0.0149 GHS
10 August 2023	1 NGN = 0.0145 GHS
11 August 2023	1 NGN = 0.0146 GHS
12 August 2023	1 NGN = 0.0143 GHS
14 August 2023	1 NGN = 0.0145 GHS
15 August 2023	1 NGN = 0.0143 GHS
16 August 2023	1 NGN = 0.0145 GHS
17 August 2023	1 NGN = 0.0143 GHS
18 August 2023	1 NGN = 0.0146 GHS
19 August 2023	1 NGN = 0.0151 GHS
20 August 2023	1 NGN = 0.0151 GHS
21 August 2023	1 NGN = 0.0151 GHS
22 August 2023	1 NGN = 0.0147 GHS
23 August 2023	1 NGN = 0.0147 GHS
24 August 2023	1 NGN = 0.0147 GHS
25 August 2023	1 NGN = 0.0150 GHS
28 August 2023	1 NGN = 0.0147 GHS
29 August 2023	1 NGN = 0.0147 GHS
30 August 2023	1 NGN = 0.0147 GHS
31 August 2023	1 NGN = 0.0148 GHS

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.

16/09/2019: Ghana Goes Cashless

The government launched the Ghana.Gov payment platform, aimed at promoting electronic payments and reducing cash transactions.

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.

05/07/2012: GHS Symbol Change

The Bank of Ghana introduced a new currency symbol for the cedi, changing it from GHȼ to GHS.

03/07/2007: Decimals Dropped

The Bank of Ghana dropped four decimal places, making 1 new Ghanaian cedi = 1 GHȼ.

01/07/2002: Replacement of New Cedi

The new Ghanaian cedi, denoted as GHC, replaced the second cedi at a rate of 1 cedi = 10,000 cedis.

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.

17/07/1978: Second Cedi Introduced

Due to high inflation, the second Ghanaian cedi was introduced with a new currency code, GHS.

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.

19/07/1965: Cedi Introduced

The Ghanaian pound was replaced by the Ghanaian cedi at a rate of 1 pound = 2.4 cedis, symbolizing economic independence.

06/03/1957: Ghana's Independence

Ghana gained independence from British colonial rule, leading to the introduction of the Ghanaian pound as its currency.

Historic Nigerian Naira Ghana Cedi