Rwandan franc nigerian naira exchange rate history (RWF NGN) December 2023

Rwandan franc nigerian naira history for December 2023. The highest quote for this month is 0.72691 (27/12/2023) and the lowest 0.72637 (22/12/2023). The difference between high and low is 0.07.

RWF NGN average rate for December 2023 is 0.66392, the change between 01/12/2023 and 31/12/2023 is -11.52 %.

01 December 2023	1 RWF = 0.6435 NGN
02 December 2023	1 RWF = 0.6377 NGN
03 December 2023	1 RWF = 0.6377 NGN
04 December 2023	1 RWF = 0.6411 NGN
05 December 2023	1 RWF = 0.6486 NGN
06 December 2023	1 RWF = 0.6478 NGN
07 December 2023	1 RWF = 0.6506 NGN
08 December 2023	1 RWF = 0.6471 NGN
10 December 2023	1 RWF = 0.6373 NGN
11 December 2023	1 RWF = 0.6442 NGN
12 December 2023	1 RWF = 0.6395 NGN
13 December 2023	1 RWF = 0.6493 NGN
14 December 2023	1 RWF = 0.6457 NGN
15 December 2023	1 RWF = 0.6365 NGN
16 December 2023	1 RWF = 0.6343 NGN
17 December 2023	1 RWF = 0.6343 NGN
18 December 2023	1 RWF = 0.6449 NGN
19 December 2023	1 RWF = 0.6373 NGN
20 December 2023	1 RWF = 0.6431 NGN
21 December 2023	1 RWF = 0.6639 NGN
22 December 2023	1 RWF = 0.6614 NGN
23 December 2023	1 RWF = 0.7261 NGN
24 December 2023	1 RWF = 0.7224 NGN
25 December 2023	1 RWF = 0.7263 NGN
26 December 2023	1 RWF = 0.7269 NGN
27 December 2023	1 RWF = 0.7266 NGN
28 December 2023	1 RWF = 0.7183 NGN
29 December 2023	1 RWF = 0.7176 NGN

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

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.

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

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.

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

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.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

Historic Rwandan franc Nigerian Naira