Nigerian Naira somali shilling history for November 2023. The highest quote for this month is 0.72081 (02/11/2023) and the lowest 0.72595 (06/11/2023). The difference between high and low is -0.71.
NGN SOS average rate for November 2023 is 0.70291, the change between 01/11/2023 and 30/11/2023 is +0.88 %.
| 01 November 2023 | 1 NGN = 0.7222 SOS |
| 02 November 2023 | 1 NGN = 0.7208 SOS |
| 03 November 2023 | 1 NGN = 0.7218 SOS |
| 06 November 2023 | 1 NGN = 0.7032 SOS |
| 07 November 2023 | 1 NGN = 0.7104 SOS |
| 08 November 2023 | 1 NGN = 0.7226 SOS |
| 09 November 2023 | 1 NGN = 0.7075 SOS |
| 10 November 2023 | 1 NGN = 0.7073 SOS |
| 13 November 2023 | 1 NGN = 0.7060 SOS |
| 14 November 2023 | 1 NGN = 0.6918 SOS |
| 15 November 2023 | 1 NGN = 0.6722 SOS |
| 16 November 2023 | 1 NGN = 0.6737 SOS |
| 17 November 2023 | 1 NGN = 0.6722 SOS |
| 20 November 2023 | 1 NGN = 0.6766 SOS |
| 21 November 2023 | 1 NGN = 0.6930 SOS |
| 22 November 2023 | 1 NGN = 0.6960 SOS |
| 23 November 2023 | 1 NGN = 0.7066 SOS |
| 24 November 2023 | 1 NGN = 0.7061 SOS |
| 27 November 2023 | 1 NGN = 0.7074 SOS |
| 28 November 2023 | 1 NGN = 0.7109 SOS |
| 29 November 2023 | 1 NGN = 0.7199 SOS |
| 30 November 2023 | 1 NGN = 0.7158 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.