Tanzanian Shilling nigerian naira history for March 2024. The highest quote for this month is 0.6377 (12/03/2024) and the lowest 0.63846 (12/03/2024). The difference between high and low is -0.12.
TZS NGN average rate for March 2024 is 0.62295, the change between 01/03/2024 and 31/03/2024 is -0.56 %.
01 March 2024 | 1 TZS = 0.6341 NGN |
03 March 2024 | 1 TZS = 0.6068 NGN |
04 March 2024 | 1 TZS = 0.6322 NGN |
05 March 2024 | 1 TZS = 0.5929 NGN |
06 March 2024 | 1 TZS = 0.6120 NGN |
07 March 2024 | 1 TZS = 0.6238 NGN |
08 March 2024 | 1 TZS = 0.6267 NGN |
10 March 2024 | 1 TZS = 0.6263 NGN |
11 March 2024 | 1 TZS = 0.6371 NGN |
12 March 2024 | 1 TZS = 0.6377 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.