North Korean won nigerian naira exchange rate history (KPW NGN) February 2024

North Korean won nigerian naira history for February 2024. The highest quote for this month is 1.8113 (28/02/2024) and the lowest 1.7828 (23/02/2024). The difference between high and low is 1.57.

KPW NGN average rate for February 2024 is 1.63311, the change between 01/02/2024 and 29/02/2024 is -36.53 %.

01 February 2024	1 KPW = 1.327 NGN
02 February 2024	1 KPW = 1.324 NGN
03 February 2024	1 KPW = 1.570 NGN
04 February 2024	1 KPW = 1.570 NGN
05 February 2024	1 KPW = 1.324 NGN
06 February 2024	1 KPW = 1.556 NGN
07 February 2024	1 KPW = 1.564 NGN
08 February 2024	1 KPW = 1.575 NGN
09 February 2024	1 KPW = 1.560 NGN
12 February 2024	1 KPW = 1.638 NGN
13 February 2024	1 KPW = 1.670 NGN
14 February 2024	1 KPW = 1.683 NGN
15 February 2024	1 KPW = 1.684 NGN
16 February 2024	1 KPW = 1.685 NGN
17 February 2024	1 KPW = 1.659 NGN
18 February 2024	1 KPW = 1.659 NGN
19 February 2024	1 KPW = 1.659 NGN
20 February 2024	1 KPW = 1.659 NGN
21 February 2024	1 KPW = 1.784 NGN
22 February 2024	1 KPW = 1.785 NGN
23 February 2024	1 KPW = 1.785 NGN
24 February 2024	1 KPW = 1.654 NGN
25 February 2024	1 KPW = 1.654 NGN
26 February 2024	1 KPW = 1.785 NGN
27 February 2024	1 KPW = 1.716 NGN
28 February 2024	1 KPW = 1.754 NGN
29 February 2024	1 KPW = 1.811 NGN

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.

01/07/2013: Exchange rate unification

North Korea unifies the official exchange rate and market rate, resulting in a significant depreciation of the won.

30/11/2009: Currency revaluation

North Korean government announces a currency revaluation, replacing the old won notes at a ratio of 1 for 100.

01/12/2001: Currency redenomination

North Korean won is redenominated, with the previous notes and coins being replaced by new ones at a ratio of 1 for 1,000.

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.

25/02/1992: Introducing foreign exchange certificates

North Korea introduces foreign exchange certificates to counter hyperinflation and stabilize its economy.

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.

06/12/1979: Second major revaluation

North Korean won undergoes its second major revaluation, with the exchange rate being set at 1 for 10.

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.

31/12/1959: First major revaluation

North Korean won undergoes its first major revaluation, with the exchange rate being set at 1 for 100.

06/12/1947: Introduction of North Korean won

North Korean won is introduced as the official currency of North Korea, replacing the Korean yen at par value.

Historic North Korean won Nigerian Naira