Nigerian Naira rwandan franc exchange rate history (NGN RWF) December 2023

Nigerian Naira rwandan franc history for December 2023. The highest quote for this month is 1.5767 (16/12/2023) and the lowest 1.5767 (16/12/2023). The difference between high and low is 0.

NGN RWF average rate for December 2023 is 1.51021, the change between 01/12/2023 and 31/12/2023 is +10.33 %.

01 December 2023	1 NGN = 1.554 RWF
02 December 2023	1 NGN = 1.568 RWF
03 December 2023	1 NGN = 1.568 RWF
04 December 2023	1 NGN = 1.560 RWF
05 December 2023	1 NGN = 1.542 RWF
06 December 2023	1 NGN = 1.544 RWF
07 December 2023	1 NGN = 1.537 RWF
08 December 2023	1 NGN = 1.545 RWF
10 December 2023	1 NGN = 1.569 RWF
11 December 2023	1 NGN = 1.552 RWF
12 December 2023	1 NGN = 1.564 RWF
13 December 2023	1 NGN = 1.540 RWF
14 December 2023	1 NGN = 1.549 RWF
15 December 2023	1 NGN = 1.571 RWF
16 December 2023	1 NGN = 1.577 RWF
17 December 2023	1 NGN = 1.577 RWF
18 December 2023	1 NGN = 1.551 RWF
19 December 2023	1 NGN = 1.569 RWF
20 December 2023	1 NGN = 1.555 RWF
21 December 2023	1 NGN = 1.506 RWF
22 December 2023	1 NGN = 1.512 RWF
23 December 2023	1 NGN = 1.377 RWF
24 December 2023	1 NGN = 1.384 RWF
25 December 2023	1 NGN = 1.377 RWF
26 December 2023	1 NGN = 1.376 RWF
27 December 2023	1 NGN = 1.376 RWF
28 December 2023	1 NGN = 1.392 RWF
29 December 2023	1 NGN = 1.394 RWF

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

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.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

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.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

Historic Nigerian Naira Rwandan franc