Russian ruble nigerian naira history for January 2024. The highest quote for this month is 13.272 (31/01/2024) and the lowest 10.885 (15/01/2024). The difference between high and low is 17.99.
RUB NGN average rate for January 2024 is 10.11554, the change between 01/01/2024 and 31/01/2024 is +0.61 %.
01 January 2024 | 1 RUB = 10.05 NGN |
02 January 2024 | 1 RUB = 10.07 NGN |
03 January 2024 | 1 RUB = 9.78 NGN |
04 January 2024 | 1 RUB = 9.69 NGN |
05 January 2024 | 1 RUB = 9.99 NGN |
06 January 2024 | 1 RUB = 10.05 NGN |
07 January 2024 | 1 RUB = 10.05 NGN |
08 January 2024 | 1 RUB = 10.06 NGN |
09 January 2024 | 1 RUB = 9.73 NGN |
10 January 2024 | 1 RUB = 10.06 NGN |
11 January 2024 | 1 RUB = 10.46 NGN |
12 January 2024 | 1 RUB = 10.65 NGN |
15 January 2024 | 1 RUB = 10.65 NGN |
16 January 2024 | 1 RUB = 10.65 NGN |
17 January 2024 | 1 RUB = 10.18 NGN |
18 January 2024 | 1 RUB = 9.86 NGN |
19 January 2024 | 1 RUB = 10.10 NGN |
22 January 2024 | 1 RUB = 9.96 NGN |
23 January 2024 | 1 RUB = 10.12 NGN |
24 January 2024 | 1 RUB = 10.40 NGN |
25 January 2024 | 1 RUB = 10.15 NGN |
26 January 2024 | 1 RUB = 10.09 NGN |
28 January 2024 | 1 RUB = 10.01 NGN |
29 January 2024 | 1 RUB = 10.21 NGN |
30 January 2024 | 1 RUB = 10.00 NGN |
31 January 2024 | 1 RUB = 9.98 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.
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.