Somali shilling nigerian naira history for January 2024. The highest quote for this month is 2.0968 (31/01/2024) and the lowest 1.6858 (12/01/2024). The difference between high and low is 19.6.
SOS NGN average rate for January 2024 is 1.59628, the change between 01/01/2024 and 31/01/2024 is +0.01 %.
| 01 January 2024 | 1 SOS = 1.578 NGN |
| 02 January 2024 | 1 SOS = 1.582 NGN |
| 03 January 2024 | 1 SOS = 1.557 NGN |
| 04 January 2024 | 1 SOS = 1.569 NGN |
| 05 January 2024 | 1 SOS = 1.606 NGN |
| 08 January 2024 | 1 SOS = 1.609 NGN |
| 09 January 2024 | 1 SOS = 1.558 NGN |
| 10 January 2024 | 1 SOS = 1.609 NGN |
| 11 January 2024 | 1 SOS = 1.674 NGN |
| 12 January 2024 | 1 SOS = 1.686 NGN |
| 15 January 2024 | 1 SOS = 1.685 NGN |
| 16 January 2024 | 1 SOS = 1.686 NGN |
| 17 January 2024 | 1 SOS = 1.576 NGN |
| 18 January 2024 | 1 SOS = 1.538 NGN |
| 19 January 2024 | 1 SOS = 1.576 NGN |
| 22 January 2024 | 1 SOS = 1.568 NGN |
| 23 January 2024 | 1 SOS = 1.568 NGN |
| 24 January 2024 | 1 SOS = 1.612 NGN |
| 25 January 2024 | 1 SOS = 1.584 NGN |
| 26 January 2024 | 1 SOS = 1.563 NGN |
| 29 January 2024 | 1 SOS = 1.582 NGN |
| 30 January 2024 | 1 SOS = 1.572 NGN |
| 31 January 2024 | 1 SOS = 1.578 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.