Nigerian Naira russian ruble history for February 2024. The highest quote for this month is 0.07536 (01/02/2024) and the lowest 0.07572 (02/02/2024). The difference between high and low is -0.48.
NGN RUB average rate for February 2024 is 0.06285, the change between 01/02/2024 and 29/02/2024 is +25.22 %.
| 01 February 2024 | 1 NGN = 0.0754 RUB |
| 02 February 2024 | 1 NGN = 0.0758 RUB |
| 03 February 2024 | 1 NGN = 0.0644 RUB |
| 04 February 2024 | 1 NGN = 0.0644 RUB |
| 05 February 2024 | 1 NGN = 0.0763 RUB |
| 06 February 2024 | 1 NGN = 0.0650 RUB |
| 07 February 2024 | 1 NGN = 0.0643 RUB |
| 08 February 2024 | 1 NGN = 0.0638 RUB |
| 09 February 2024 | 1 NGN = 0.0650 RUB |
| 12 February 2024 | 1 NGN = 0.0620 RUB |
| 13 February 2024 | 1 NGN = 0.0608 RUB |
| 14 February 2024 | 1 NGN = 0.0604 RUB |
| 15 February 2024 | 1 NGN = 0.0604 RUB |
| 16 February 2024 | 1 NGN = 0.0608 RUB |
| 17 February 2024 | 1 NGN = 0.0616 RUB |
| 18 February 2024 | 1 NGN = 0.0616 RUB |
| 19 February 2024 | 1 NGN = 0.0618 RUB |
| 20 February 2024 | 1 NGN = 0.0619 RUB |
| 21 February 2024 | 1 NGN = 0.0574 RUB |
| 22 February 2024 | 1 NGN = 0.0573 RUB |
| 23 February 2024 | 1 NGN = 0.0579 RUB |
| 24 February 2024 | 1 NGN = 0.0629 RUB |
| 25 February 2024 | 1 NGN = 0.0636 RUB |
| 26 February 2024 | 1 NGN = 0.0579 RUB |
| 27 February 2024 | 1 NGN = 0.0595 RUB |
| 28 February 2024 | 1 NGN = 0.0582 RUB |
| 29 February 2024 | 1 NGN = 0.0564 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.