Historic Singapore dollar Nigerian Naira

Singapore dollar nigerian naira history for February 2024. The highest quote for this month is 1211.02 (29/02/2024) and the lowest 1195.91 (23/02/2024). The difference between high and low is 1.25.

SGD NGN average rate for February 2024 is 1093.2737, the change between 01/02/2024 and 29/02/2024 is -35.97 %.

01 February 20241 SGD = 890.8 NGN
02 February 20241 SGD = 891.8 NGN
03 February 20241 SGD = 1053.00 NGN
04 February 20241 SGD = 1053.31 NGN
05 February 20241 SGD = 887.2 NGN
06 February 20241 SGD = 1039.41 NGN
07 February 20241 SGD = 1047.51 NGN
08 February 20241 SGD = 1055.37 NGN
09 February 20241 SGD = 1042.10 NGN
12 February 20241 SGD = 1095.85 NGN
13 February 20241 SGD = 1117.67 NGN
14 February 20241 SGD = 1121.41 NGN
15 February 20241 SGD = 1124.83 NGN
16 February 20241 SGD = 1127.19 NGN
17 February 20241 SGD = 1109.18 NGN
18 February 20241 SGD = 1108.76 NGN
19 February 20241 SGD = 1109.94 NGN
20 February 20241 SGD = 1109.12 NGN
21 February 20241 SGD = 1195.09 NGN
22 February 20241 SGD = 1195.39 NGN
23 February 20241 SGD = 1196.83 NGN
24 February 20241 SGD = 1108.01 NGN
25 February 20241 SGD = 1108.34 NGN
26 February 20241 SGD = 1195.91 NGN
27 February 20241 SGD = 1148.57 NGN
28 February 20241 SGD = 1174.61 NGN
29 February 20241 SGD = 1211.15 NGN

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.
SGD NGN January 2024
SGD NGN February 2024
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SGD NGN January 2025