Historic Nigerian Naira Arab Emirates Dirham

Nigerian Naira arab emirates dirham history for February 2024. The highest quote for this month is 0.003076 (01/02/2024) and the lowest 0.003081 (01/02/2024). The difference between high and low is -0.16.

NGN AED average rate for February 2024 is 0.00252, the change between 01/02/2024 and 29/02/2024 is +26.73 %.

01 February 20241 NGN = 0.0031 AED
02 February 20241 NGN = 0.0031 AED
03 February 20241 NGN = 0.0026 AED
04 February 20241 NGN = 0.0026 AED
05 February 20241 NGN = 0.0031 AED
06 February 20241 NGN = 0.0026 AED
07 February 20241 NGN = 0.0026 AED
08 February 20241 NGN = 0.0026 AED
09 February 20241 NGN = 0.0026 AED
12 February 20241 NGN = 0.0025 AED
13 February 20241 NGN = 0.0024 AED
14 February 20241 NGN = 0.0024 AED
15 February 20241 NGN = 0.0024 AED
16 February 20241 NGN = 0.0024 AED
17 February 20241 NGN = 0.0025 AED
18 February 20241 NGN = 0.0025 AED
19 February 20241 NGN = 0.0025 AED
20 February 20241 NGN = 0.0025 AED
21 February 20241 NGN = 0.0023 AED
22 February 20241 NGN = 0.0023 AED
23 February 20241 NGN = 0.0023 AED
24 February 20241 NGN = 0.0025 AED
25 February 20241 NGN = 0.0025 AED
26 February 20241 NGN = 0.0023 AED
27 February 20241 NGN = 0.0024 AED
28 February 20241 NGN = 0.0023 AED
29 February 20241 NGN = 0.0023 AED

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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

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.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.
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