Syrian Pound nigerian naira history for September 2023. The highest quote for this month is 0.060692 (11/09/2023) and the lowest 0.059926 (26/09/2023). The difference between high and low is 1.26.
SYP NGN average rate for September 2023 is 0.05893, the change between 01/09/2023 and 30/09/2023 is +0.51 %.
01 September 2023 | 1 SYP = 0.0595 NGN |
05 September 2023 | 1 SYP = 0.0582 NGN |
06 September 2023 | 1 SYP = 0.0585 NGN |
11 September 2023 | 1 SYP = 0.0607 NGN |
18 September 2023 | 1 SYP = 0.0591 NGN |
23 September 2023 | 1 SYP = 0.0567 NGN |
24 September 2023 | 1 SYP = 0.0567 NGN |
25 September 2023 | 1 SYP = 0.0590 NGN |
26 September 2023 | 1 SYP = 0.0599 NGN |
27 September 2023 | 1 SYP = 0.0599 NGN |
29 September 2023 | 1 SYP = 0.0598 NGN |
30 September 2023 | 1 SYP = 0.0592 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.