Nigerian Naira somali shilling history for January 2024. The highest quote for this month is 0.64151 (03/01/2024) and the lowest 0.662 (18/01/2024). The difference between high and low is -3.19.
NGN SOS average rate for January 2024 is 0.62691, the change between 01/01/2024 and 31/01/2024 is -0.02 %.
| 01 January 2024 | 1 NGN = 0.6338 SOS |
| 02 January 2024 | 1 NGN = 0.6321 SOS |
| 03 January 2024 | 1 NGN = 0.6423 SOS |
| 04 January 2024 | 1 NGN = 0.6372 SOS |
| 05 January 2024 | 1 NGN = 0.6228 SOS |
| 08 January 2024 | 1 NGN = 0.6215 SOS |
| 09 January 2024 | 1 NGN = 0.6420 SOS |
| 10 January 2024 | 1 NGN = 0.6214 SOS |
| 11 January 2024 | 1 NGN = 0.5973 SOS |
| 12 January 2024 | 1 NGN = 0.5932 SOS |
| 15 January 2024 | 1 NGN = 0.5935 SOS |
| 16 January 2024 | 1 NGN = 0.5932 SOS |
| 17 January 2024 | 1 NGN = 0.6346 SOS |
| 18 January 2024 | 1 NGN = 0.6503 SOS |
| 19 January 2024 | 1 NGN = 0.6346 SOS |
| 22 January 2024 | 1 NGN = 0.6378 SOS |
| 23 January 2024 | 1 NGN = 0.6378 SOS |
| 24 January 2024 | 1 NGN = 0.6205 SOS |
| 25 January 2024 | 1 NGN = 0.6313 SOS |
| 26 January 2024 | 1 NGN = 0.6396 SOS |
| 29 January 2024 | 1 NGN = 0.6320 SOS |
| 30 January 2024 | 1 NGN = 0.6361 SOS |
| 31 January 2024 | 1 NGN = 0.6339 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.