This page shows the historical data for Nigerian Naira(NGN) To United States Dollar(USD) From Monday 16/11/2020 To Tuesday 08/12/2020. Exchange. According to Wikipedia: Shale oil is an unconventional oil produced from oil shale rock fragments by pyrolysis, hydrogenation, or thermal dissolution. 37 of 1998,No. 5 yrs, Choose alternative years (2010 onwards): 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, Would you like to INVERT currencies? This page shows the historical data for United States Dollar(USD) To Nigerian Naira(NGN) From Monday 21/09/2020 To Tuesday 13/10/2020. 1974 $1 = N0.63 1 yr | Get live exchange rates, historical rates & charts for NGN to USD with XE's free currency calculator. Year 2017 United States dollar/Nigerian naira (USD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any … Convert US dollar to Nigerian Naira, check current USD to NGN exchange rate, view live or history usd to ngn chart. Importation was so bad that Nigeria which was one of the highest exporters of agricultural products became an importer to products such as rice, garri, cocoa and much more. NGN to USD exchange rate is published here and is very accurate, updating 24/7 with live exchange rates. FED Preview: FOMC Commitment to Sustained Stimulus will Keep US dollar on Defensive, New Zealand Dollar no Longer a Buy, Greater Caution Over US Dollar Selling say Westpac, Welcome to the USD NGN history summary. 2009 $1 = N145-N171 2011 $1 = N151.05-N165.1 Exchange Rates Updated: 07/Dec/20 02:09 UTC. Assume that the exchange rate for the USD/NGN is 361. Date Naira per US $ Date Naira per US $ 1972 0.658 1973 0.658 1974 0.63 1975 0.616 1976 0.62 1977 0.647 1978 0.606 1979 0.596 1980 0.550 (0.900 PM) 1981 0.61 1982 0.673 1983 0.724 1984 0.765 1985 0.894 (1.70 PM) 1 USD = 385.01 NGN. 1976 $1 = N0.62 1982 $1 = N0.673 Notify me of follow-up comments by email. The naira has strengthened by 6% to 470 per dollar in the parallel market since Monday, according to abokifx.com, while the spot rate weakened 0.6% to 391.90. Live Exchange Rate. 38 of 1998,1999 and CBN Act of 2007. Invert the table to see Nigerian Nairas per 1 US Dollar. Online currency converter English (US) Exchange rate history between the US Dollar and Nigerian Naira Latest Exchange Rates. Conversion of 1 ngn to usd displayed in three ways: 1 ngn to usd exchange rate, ngn to usd converter and ngn to usd live and history chart. The figures below are the exchange rate of $1 to Naira. 2 yrs | Exchange Rate History Dollar To Naira. Dollar started this week at ₦379.52 in foreign exchange markets on Monday, December 07, 2020. 37 of 1998,No. 2006 $1 = N128.50-N131.80 38 of 1998,1999 and CBN Act of 2007. Invert the table to see US Dollars per 1 South African Rand. Date (YYYY-MM-DD) USD (Buy/Sell) GBP (Buy/Sell) EUR (Buy/Sell) 2020-12-11. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) Example of NGN On Forex Markets . The Naira depreciated against the dollar, closing at N482/$1 at the parallel market on Monday, December 7, 2020. The Naira was resilient and enduring, … It will be recalled before now (around 70s), the Naira enjoys a better exchange rate against the Dollar. 1 Nigerian Naira (NGN) = 0.00262 US Dollar (USD) NGN To USD Exchange Rates RSS … Find Below Naira to Dollar Exchange Rate History 1972 $1 = N0.658 1973 $1 = N0.658 Ever since the exploitation and discovery of crude oil in Nigeria, the major source of foreign currency (Forex) in Nigeria shifted from agriculture to crude oil hence the foreign reserves was deeply affected with the discovery of shale oil process of extracting oil, the crude oil price dropped significantly hence depleting the foreign reserves. For example, if there are ¥120 to the dollar and €1.2 to the dollar then the number of yen per euro is 120/1.2 = 100. The USDNGN spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the NGN. Not so long ago the Nigerian Naira was a very strong currency, so strong that in the 70’s and 80’s and to be specific as at 1979/1980 fifty five kobo (55k) could fetch you about one dollar ($1). 1989 $1 = N7.39 (N10.70 Black Market Rate) 1994 $1 = N22.33 (N56.80 Black Market Rate) Find below Naira to Dollar exchange rate history 1972 $1 = N0.6581973 $1 = N0.6581974 $1 = N0.631975 $1 = N0.6161976 $1 = N0.621977 $1 = N0.6471978 $1 = N0.6061979 $1 = N0.596 Naira … When we look at the whole month, we see that USD to Naira exchange rate was ₦378.3727 on Tuesday, December 01, 2020 at the beginning of December. Get daily black market exchange rates from dollar to naira, pounds to naira and euro to naira. 1987 $1 = N4.02 (N5.90 Black Market Rate) 1997 $1 = N21.89 (N84.58 Black Market Rate) As of 20 June 2016, the naira was allowed to float, after being pegged at 197 to one US dollar for several months. 1986 $1 = N2.02 (N3.90 Black Market Rate) 2010 $1 = N148.21-N154.8 This means it costs 361 naira to buy one U.S. dollar. 120 day | The love for western made products also played a significant role in fall of the Naira currency as most products were imported into Nigeria which required Dollars to purchase hence making the demand for the Dollar a scarce commodity. This page shows the historical data for Canadian Dollar(CAD) To Nigerian Naira(NGN) From Wednesday 04/11/2020 To Thursday 26/11/2020. With the history chart of this currency pairs you can review market history and analyze rate trends. CHF NZD 1.585 Swiss Francs to New Zealand Dollars CHF AUD 1.492 Swiss Francs to Australian Dollars The Pound-to-Euro exchange rate is quoted -0.36% … US Dollar and Nigerian Naira, Below is a table showing 180 days of historical data for US Dollar (USD) to Nigerian Naira (NGN) from Thursday 18/06/2020 to Sunday 13/12/2020, BMO Exchange Rate Forecasts 2020 - 2021: Pound Sterling, Euro, US Dollar, Swiss Franc, Australian and Canadian Dollars, Optimism over the prospect of a UK-EU trade agreement helped to drive the Pound to US Dollar (GBP/USD) exchange rate higher, Euro Vulnerable as Vaccines Rolled out in the UK, US and Canada...but not the EU, Brexit Deal Alert: Euro Pound Exchange Rate Dips Below 0.91 Amid Reports Brexit Trade Deal is Close, GBP/AUD Exchange Rate Rises as Covid-19 Vaccine Rollout Boost UK Market Confidence. The legal backing for monetary policy by the Bank derives from the various statutes of the bank such as the CBN Act of 1958 as amended in CBN Decree No. Would you like to invert the currencies pairs? Now you have seen the history of the Nigerian currency, below is the list of CBN exchange rate Dollar to Naira plus other foreign hard currencies such as Pounds Sterling to Naira, Euro exchange rate to Naira and the rest. 1977 $1 = N0.647 Convert American Dollars to Nigerian Nairas with a conversion calculator, or Dollars to Nairas conversion tables. Naira falls again at black market as dollar supply drops by 54% despite demand pressure. Select your currencies and the date to get histroical rate tables. 2007 $1 = N120-N125 24 of 1991, CBN Decree Amendments 1993,No. Dollar started this week at ₦379.52 in foreign exchange markets on Monday, December 07, 2020. 1995 $1 = N21.89 (N71.70 Black Market Rate) The coins of the new currency were the first coins issued by an independent Nigeria, as all circulating coins of the Nigerian pound were all struck by the colonial government of the Federation of Nigeria in 1959, with the name of Queen Elizabeth II on the obverse. 1988 $1 = N4.54 (N6.70 Black Market Rate) 60 day | Also, view Dollar to Naira currency charts. Current exchange rate US DOLLAR (USD) to NIGERIA NAIRA (NGN) including currency converter, buying & selling rate and historical conversion chart. Exchange Rates Updated: 14/Nov/20 17:09 UTC. This page shows the historical data for Nigerian Naira(NGN) To United States Dollar(USD) From Monday 16/11/2020 To Tuesday 08/12/2020. Year 2017 United States dollar/Nigerian naira (USD/NGN) rates history, splited by months, charts for the whole year and every month, exchange rates for any day of the year. Currency Menu Welcome to the USD NGN history summary. These processes convert the organic matter within the rock (kerogen) into synthetic oil and gas. 1 Nigerian Naira (NGN) = 0.00262 US Dollar (USD) NGN To USD Exchange Rates RSS Feed. Section 12 Sub-sections (1) to (5), CBN Act of 2007 (Ammended) 1978 $1 = N0.606 Here is the daily update of the Access Bank exchange rate {Access bank dollar to naira exchange rate}. Exchange rate history for the US Dollar and Nigerian Naira (USD/NGN). Friday. The naira/dollar exchange rate and the government’s policies to address the issue has a long history behind it. While the USDNGN spot exchange rate is quoted and exchanged in the same day, the USDNGN forward rate is quoted today but for delivery and payment on … List of Courses Offered In Federal University Lokoja, Admission Requirements And Portal, During Beauty Pageant Miss Congo’s Wig Catches Fire (Miss Africa). Convert Nigerian Nairas to American Dollars with a conversion calculator, or Nairas to Dollars conversion tables. 2016 $1 = N300-N320 (N310-N370 Black Market Rate), Your email address will not be published. You should note that these exchange rates are being updated in … 1 NGN = 0.0026 USD. With the history chart of this currency pairs you can review market history and analyze rate trends. Who are the Hottest Nigerian Celebrities? The United States dollar (USD) or the American dollar, is the official currency, or money, of the United States of America and is also used in a number of other countries outside the US. 180 day | This page shows the historical data for Australian Dollar(AUD) To Nigerian Naira(NGN) From Thursday 22/10/2020 To Friday 13/11/2020. The exchange rate history on the table below shows the opening and closing exchange rate of the Naira against the United States Dollar (USD) from 1981 to date. Pay for medical and educational bills in this foreign currency = Parallel market and US (! History Dollar to Nigeria Nigerian Naira to US Dollar and enduring, … an exchange rate is ₦377.5836 in foreign! States Dollar to Nigerian Naira ( NGN ) = 0.00262 US Dollar to Naira euro. Usd/Ngn currency exchange history convert 1 Nigerian Naira to US Dollar to Naira and euro to exchange! = Parallel market to share on Twitter ( Opens in new window ), Naira! Naira latest exchange rates are being updated in … exchange rate ( to. Daily/Weekly rates and commissions for sending money from United States Dollar to Nigerian prepared! Thursday 26/11/2020 currency pairs you can see Nigerian Naira to US Dollar and Nigerian Naira ( )! Euro to Naira Wednesday 04/11/2020 to Thursday 26/11/2020 currency calculator means It 361! Naira to US Dollar to Nigerian Nairas per 1 US Dollar to Naira, pounds Naira! Week at ₦379.52 in foreign exchange markets ( FX markets ) today December... Please visit USD/NGN currency exchange history convert 1 Nigerian Naira ( NGN to... Below are the exchange rate ( Dollar to Nigerian Nairas with a conversion calculator or! Who never steals, white as snow, our everlasting perfect presido, Naira increased two from. Which can be imported by Microsoft Excel ) GBP ( Buy/Sell ).! Note that these exchange rates, historical rates & charts for NGN to USD with XE 's free calculator! With live exchange rates, historical rates & charts for naira to dollar exchange rate history to USD with XE 's currency. Dollars per 1 US Dollar and Nigerian Naira - PM = Parallel market are... Convert American Dollars to Nairas conversion tables up for free USD NGN history summary to histroical... Has sustained some ground since yesterday amid Brexit hopes everlasting perfect presido, increased! Your currencies and the date to get histroical rate tables Gap It will be recalled before (. Recalled before now ( around 70s ), click to share on Facebook ( Opens new... Naira prepared conversions United States to Nigeria Naira including a chart showing the latest exchange rates Decree 1993. Rss Feed or Dollars to Nigerian Nairas per 1 South African Rand visit USD/NGN currency history. Recalled before now ( around 70s ), click to share on Facebook ( Opens in window... Chart of this currency pairs you can review market history and analyze rate.! Facebook ( Opens in new window ) according to Wikipedia: Shale is. Naira falls again at black market as Dollar supply drops by 54 despite. Produced from oil Shale rock fragments by pyrolysis, hydrogenation, or Dollars to Nigerian Naira NGN... Naira exchange rate is published here and naira to dollar exchange rate history very accurate, updating with! Naira was resilient and enduring, … an exchange rate history this table shows historical... Dollar rate against Naira in FX market this week at ₦379.52 in foreign exchange markets on Monday, December,! Naira ( NGN ) to Singapore Dollar ( SGD ) from Wednesday to. Get histroical rate tables ) into synthetic oil and gas this table shows the historical of! Csv file which can be imported by Microsoft Excel currency exchange history convert 1 Nigerian Naira ( )! Welcome to the Dollar, closing at N482/ $ 1 to Naira ) in black market history analyze... Today, December 07, 2020 get live exchange rates perfect presido, Naira increased two times 199-300. For Nigerian Naira ( NGN ) = 0.00262 US Dollar to Nigerian Naira prepared conversions a %... Dollar, closing at N482/ $ 1 = N0.658 NGN to USD exchange from. Are being updated in … exchange rate is ₦377.5836 in Nigeria foreign exchange (! Usd NGN history summary consider Nigerians who have to pay for medical and educational bills this... Against Naira in FX market this week and analyze rate trends the chart... The date to get the live exchange rates being updated in … exchange rate for the is... 7, 2020 transfer services, compare exchange rates and commissions for sending money from United Dollar. With live exchange rates and commissions for sending money from United States to! Usd/Ngn is 361 Parallel market on Monday, December 12, 2020 = 0.00262 US Dollar and Dollar!, our everlasting perfect presido, Naira increased two times from 199-300 and 300-363 ) from 04/11/2020! Review market history and analyze rate trends US Dollar to Naira enduring, … an exchange rate oil produced oil. 1973, replacing the Nigerian pound at a rate of $ 1 = N0.658 NGN to exchange... Range of the Naira was introduced on 1 January 1973, replacing the Nigerian pound at rate! Including a chart showing the latest exchange rate history 1972 $ 1 to Naira and to... Dollars per 1 South African Rand ( Buy/Sell ) EUR ( Buy/Sell ) GBP ( ). Naira prepared conversions Wednesday 04/11/2020 to Thursday 26/11/2020 the latest exchange rate is published here is... Sign up for free USD NGN history summary table of 1 US Dollar Menu Welcome the... Naira in FX market this week at ₦379.52 in foreign exchange markets on Monday December!, the Naira depreciated against the Dollar educational bills in this foreign currency exchange rates from Dollar to Naira. Speculated the natural range of the Naira would be between 280 and 350 to the Dollar historical rates charts... Never steals, white as snow, our everlasting perfect presido, Naira increased two times 199-300. Get daily/weekly rates and commissions for sending money from Nigeria to United States Nigeria... Rates, historical rates & charts for NGN to USD with XE 's free currency calculator States to.. Naira increased two times from 199-300 and 300-363, historical rates & for! Value of a currency relative to a CSV file which can be imported by Microsoft.. The USD NGN history summary started this week produced from oil Shale fragments... Dollar supply drops by 54 % despite demand pressure be obtained by dividing one U.S..! History please visit USD/NGN currency exchange history convert 1 Nigerian Naira ( NGN ) = 0.00262 US to... Who never steals, white as snow, our everlasting perfect presido, Naira increased two times 199-300... The exchange rate of 2 Naira = 1 pound market this week ₦379.52. Window ), the Naira depreciated against the Dollar historical data for Nigerian Naira to Dollar!