Russian ruble nigerian naira history for October 2023. The highest quote for this month is 9.244 (23/10/2023) and the lowest 8.5827 (31/10/2023). The difference between high and low is 7.15.
RUB NGN average rate for October 2023 is 8.02197, the change between 01/10/2023 and 31/10/2023 is -6.57 %.
| 01 October 2023 | 1 RUB = 7.97 NGN |
| 02 October 2023 | 1 RUB = 7.85 NGN |
| 03 October 2023 | 1 RUB = 7.76 NGN |
| 04 October 2023 | 1 RUB = 7.58 NGN |
| 05 October 2023 | 1 RUB = 7.51 NGN |
| 06 October 2023 | 1 RUB = 7.61 NGN |
| 07 October 2023 | 1 RUB = 7.67 NGN |
| 09 October 2023 | 1 RUB = 7.64 NGN |
| 10 October 2023 | 1 RUB = 7.65 NGN |
| 11 October 2023 | 1 RUB = 7.61 NGN |
| 12 October 2023 | 1 RUB = 7.85 NGN |
| 13 October 2023 | 1 RUB = 7.86 NGN |
| 16 October 2023 | 1 RUB = 7.88 NGN |
| 17 October 2023 | 1 RUB = 7.86 NGN |
| 18 October 2023 | 1 RUB = 7.79 NGN |
| 19 October 2023 | 1 RUB = 7.81 NGN |
| 20 October 2023 | 1 RUB = 7.79 NGN |
| 23 October 2023 | 1 RUB = 9.01 NGN |
| 24 October 2023 | 1 RUB = 8.09 NGN |
| 25 October 2023 | 1 RUB = 9.20 NGN |
| 26 October 2023 | 1 RUB = 8.70 NGN |
| 27 October 2023 | 1 RUB = 8.57 NGN |
| 29 October 2023 | 1 RUB = 8.37 NGN |
| 30 October 2023 | 1 RUB = 8.44 NGN |
| 31 October 2023 | 1 RUB = 8.50 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.