Nigerian Naira somali shilling history for February 2024. The highest quote for this month is 0.47571 (01/02/2024) and the lowest 0.47651 (01/02/2024). The difference between high and low is -0.17.
NGN SOS average rate for February 2024 is 0.38973, the change between 01/02/2024 and 29/02/2024 is +26.76 %.
| 01 February 2024 | 1 NGN = 0.4757 SOS |
| 02 February 2024 | 1 NGN = 0.4765 SOS |
| 05 February 2024 | 1 NGN = 0.4757 SOS |
| 06 February 2024 | 1 NGN = 0.4050 SOS |
| 07 February 2024 | 1 NGN = 0.4036 SOS |
| 08 February 2024 | 1 NGN = 0.4007 SOS |
| 09 February 2024 | 1 NGN = 0.4047 SOS |
| 12 February 2024 | 1 NGN = 0.3853 SOS |
| 13 February 2024 | 1 NGN = 0.3779 SOS |
| 14 February 2024 | 1 NGN = 0.3749 SOS |
| 15 February 2024 | 1 NGN = 0.3747 SOS |
| 16 February 2024 | 1 NGN = 0.3765 SOS |
| 19 February 2024 | 1 NGN = 0.3824 SOS |
| 20 February 2024 | 1 NGN = 0.3804 SOS |
| 21 February 2024 | 1 NGN = 0.3537 SOS |
| 22 February 2024 | 1 NGN = 0.3536 SOS |
| 23 February 2024 | 1 NGN = 0.3536 SOS |
| 26 February 2024 | 1 NGN = 0.3536 SOS |
| 27 February 2024 | 1 NGN = 0.3679 SOS |
| 28 February 2024 | 1 NGN = 0.3598 SOS |
| 29 February 2024 | 1 NGN = 0.3484 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.