Uruguayan peso nigerian naira history for May 2023. The highest quote for this month is 12.129 (24/05/2023) and the lowest 12.097 (11/05/2023). The difference between high and low is 0.26.
UYU NGN average rate for May 2023 is 12.00092, the change between 01/05/2023 and 31/05/2023 is +1.56 %.
| 01 May 2023 | 1 UYU = 12.21 NGN |
| 02 May 2023 | 1 UYU = 12.07 NGN |
| 03 May 2023 | 1 UYU = 12.07 NGN |
| 04 May 2023 | 1 UYU = 12.02 NGN |
| 05 May 2023 | 1 UYU = 11.96 NGN |
| 08 May 2023 | 1 UYU = 11.93 NGN |
| 09 May 2023 | 1 UYU = 11.95 NGN |
| 10 May 2023 | 1 UYU = 12.04 NGN |
| 11 May 2023 | 1 UYU = 12.07 NGN |
| 12 May 2023 | 1 UYU = 12.03 NGN |
| 14 May 2023 | 1 UYU = 11.81 NGN |
| 15 May 2023 | 1 UYU = 12.02 NGN |
| 16 May 2023 | 1 UYU = 11.97 NGN |
| 17 May 2023 | 1 UYU = 11.94 NGN |
| 18 May 2023 | 1 UYU = 11.95 NGN |
| 19 May 2023 | 1 UYU = 11.97 NGN |
| 20 May 2023 | 1 UYU = 11.83 NGN |
| 22 May 2023 | 1 UYU = 12.03 NGN |
| 23 May 2023 | 1 UYU = 11.98 NGN |
| 24 May 2023 | 1 UYU = 11.98 NGN |
| 25 May 2023 | 1 UYU = 12.02 NGN |
| 26 May 2023 | 1 UYU = 12.08 NGN |
| 29 May 2023 | 1 UYU = 12.05 NGN |
| 30 May 2023 | 1 UYU = 12.02 NGN |
| 31 May 2023 | 1 UYU = 12.02 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.