Russian ruble nigerian naira history for November 2023. The highest quote for this month is 10.492 (14/11/2023) and the lowest 9.51 (15/11/2023). The difference between high and low is 9.36.
RUB NGN average rate for November 2023 is 8.99608, the change between 01/11/2023 and 30/11/2023 is -6.15 %.
| 01 November 2023 | 1 RUB = 8.43 NGN |
| 02 November 2023 | 1 RUB = 8.51 NGN |
| 03 November 2023 | 1 RUB = 8.43 NGN |
| 06 November 2023 | 1 RUB = 8.79 NGN |
| 07 November 2023 | 1 RUB = 8.63 NGN |
| 08 November 2023 | 1 RUB = 8.54 NGN |
| 09 November 2023 | 1 RUB = 8.74 NGN |
| 10 November 2023 | 1 RUB = 8.76 NGN |
| 13 November 2023 | 1 RUB = 8.73 NGN |
| 14 November 2023 | 1 RUB = 8.94 NGN |
| 15 November 2023 | 1 RUB = 9.34 NGN |
| 16 November 2023 | 1 RUB = 9.43 NGN |
| 17 November 2023 | 1 RUB = 9.46 NGN |
| 18 November 2023 | 1 RUB = 9.45 NGN |
| 19 November 2023 | 1 RUB = 9.45 NGN |
| 20 November 2023 | 1 RUB = 9.40 NGN |
| 21 November 2023 | 1 RUB = 9.26 NGN |
| 22 November 2023 | 1 RUB = 9.25 NGN |
| 23 November 2023 | 1 RUB = 9.10 NGN |
| 24 November 2023 | 1 RUB = 9.12 NGN |
| 26 November 2023 | 1 RUB = 9.36 NGN |
| 27 November 2023 | 1 RUB = 9.00 NGN |
| 28 November 2023 | 1 RUB = 8.97 NGN |
| 29 November 2023 | 1 RUB = 8.88 NGN |
| 30 November 2023 | 1 RUB = 8.95 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.