Nigerian Naira russian ruble history for August 2023. The highest quote for this month is 0.13244 (14/08/2023) and the lowest 0.12889 (30/08/2023). The difference between high and low is 2.68.
NGN RUB average rate for August 2023 is 0.12485, the change between 01/08/2023 and 31/08/2023 is -3.29 %.
| 01 August 2023 | 1 NGN = 0.1206 RUB |
| 02 August 2023 | 1 NGN = 0.1219 RUB |
| 03 August 2023 | 1 NGN = 0.1212 RUB |
| 04 August 2023 | 1 NGN = 0.1221 RUB |
| 07 August 2023 | 1 NGN = 0.1253 RUB |
| 08 August 2023 | 1 NGN = 0.1275 RUB |
| 09 August 2023 | 1 NGN = 0.1295 RUB |
| 10 August 2023 | 1 NGN = 0.1260 RUB |
| 11 August 2023 | 1 NGN = 0.1262 RUB |
| 12 August 2023 | 1 NGN = 0.1283 RUB |
| 14 August 2023 | 1 NGN = 0.1295 RUB |
| 15 August 2023 | 1 NGN = 0.1266 RUB |
| 16 August 2023 | 1 NGN = 0.1296 RUB |
| 17 August 2023 | 1 NGN = 0.1203 RUB |
| 18 August 2023 | 1 NGN = 0.1231 RUB |
| 19 August 2023 | 1 NGN = 0.1257 RUB |
| 20 August 2023 | 1 NGN = 0.1248 RUB |
| 21 August 2023 | 1 NGN = 0.1276 RUB |
| 22 August 2023 | 1 NGN = 0.1223 RUB |
| 23 August 2023 | 1 NGN = 0.1240 RUB |
| 24 August 2023 | 1 NGN = 0.1250 RUB |
| 25 August 2023 | 1 NGN = 0.1251 RUB |
| 28 August 2023 | 1 NGN = 0.1239 RUB |
| 29 August 2023 | 1 NGN = 0.1221 RUB |
| 30 August 2023 | 1 NGN = 0.1236 RUB |
| 31 August 2023 | 1 NGN = 0.1245 RUB |
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.