Historic Nigerian Naira Ugandan Shilling

Nigerian Naira ugandan shilling history for February 2024. The highest quote for this month is 3.1692 (01/02/2024) and the lowest 3.167 (01/02/2024). The difference between high and low is 0.07.

NGN UGX average rate for February 2024 is 2.62473, the change between 01/02/2024 and 29/02/2024 is +24.36 %.

01 February 20241 NGN = 3.155 UGX
02 February 20241 NGN = 3.168 UGX
03 February 20241 NGN = 2.693 UGX
04 February 20241 NGN = 2.693 UGX
05 February 20241 NGN = 3.197 UGX
06 February 20241 NGN = 2.704 UGX
07 February 20241 NGN = 2.689 UGX
08 February 20241 NGN = 2.669 UGX
09 February 20241 NGN = 2.706 UGX
12 February 20241 NGN = 2.586 UGX
13 February 20241 NGN = 2.541 UGX
14 February 20241 NGN = 2.524 UGX
15 February 20241 NGN = 2.525 UGX
16 February 20241 NGN = 2.523 UGX
17 February 20241 NGN = 2.589 UGX
18 February 20241 NGN = 2.589 UGX
19 February 20241 NGN = 2.566 UGX
20 February 20241 NGN = 2.568 UGX
21 February 20241 NGN = 2.392 UGX
22 February 20241 NGN = 2.397 UGX
23 February 20241 NGN = 2.398 UGX
24 February 20241 NGN = 2.597 UGX
25 February 20241 NGN = 2.597 UGX
26 February 20241 NGN = 2.421 UGX
27 February 20241 NGN = 2.532 UGX
28 February 20241 NGN = 2.464 UGX
29 February 20241 NGN = 2.386 UGX

03/06/2020: COVID-19 Impact on the Shilling

The Ugandan Shilling experienced a significant decline in value due to the economic impact of the COVID-19 pandemic.

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.

01/09/2013: Withdrawal of Old Currency Series

The old series of Ugandan Shilling notes were phased out and replaced with the new currency series.

01/07/2010: Issue of New Currency Series

Uganda issued a new series of currency notes with enhanced security features to reduce counterfeiting.

02/05/2003: Introduction of Coins

Uganda introduced coins denominated in Shillings to replace lower-value notes and facilitate transactions.

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.

15/05/1987: Introduction of the 500 Shilling Note

A new 500 Shilling note was introduced to combat the rapid inflation and devaluation of the currency.

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.

05/08/1972: Idi Amin's Currency Change

President Idi Amin ordered the demonetization of old Ugandan Shilling notes and replaced them with new ones, causing an economic crisis.

15/06/1966: Introduction of the Ugandan Shilling

The Ugandan Shilling was introduced as the official currency of Uganda following its independence from British colonial rule.
NGN UGX January 2024
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