Nigerian Naira somali shilling history for December 2023. The highest quote for this month is 0.71899 (01/12/2023) and the lowest 0.72012 (12/12/2023). The difference between high and low is -0.16.
NGN SOS average rate for December 2023 is 0.69057, the change between 01/12/2023 and 31/12/2023 is +11.93 %.
| 01 December 2023 | 1 NGN = 0.7190 SOS |
| 04 December 2023 | 1 NGN = 0.7204 SOS |
| 05 December 2023 | 1 NGN = 0.7113 SOS |
| 06 December 2023 | 1 NGN = 0.7082 SOS |
| 07 December 2023 | 1 NGN = 0.7074 SOS |
| 08 December 2023 | 1 NGN = 0.7096 SOS |
| 11 December 2023 | 1 NGN = 0.7074 SOS |
| 12 December 2023 | 1 NGN = 0.7163 SOS |
| 13 December 2023 | 1 NGN = 0.7083 SOS |
| 14 December 2023 | 1 NGN = 0.7082 SOS |
| 15 December 2023 | 1 NGN = 0.7185 SOS |
| 18 December 2023 | 1 NGN = 0.7078 SOS |
| 19 December 2023 | 1 NGN = 0.7195 SOS |
| 20 December 2023 | 1 NGN = 0.7100 SOS |
| 21 December 2023 | 1 NGN = 0.6889 SOS |
| 22 December 2023 | 1 NGN = 0.6884 SOS |
| 25 December 2023 | 1 NGN = 0.6287 SOS |
| 26 December 2023 | 1 NGN = 0.6283 SOS |
| 27 December 2023 | 1 NGN = 0.6279 SOS |
| 28 December 2023 | 1 NGN = 0.6346 SOS |
| 29 December 2023 | 1 NGN = 0.6332 SOS |
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.