The Naira, the official currency of Nigeria, can fluctuate by a large amount each day.
This is due to the country’s volatility and lack of stability. There is no fixed exchange rate set by the Nigerian government.
This makes it difficult to determine how much you should exchange for a foreign currency, what you should do with the foreign currency you receive, and how much you can spend in Nigeria with that currency.
In 1960, the Naira was adopted as Nigeria’s currency. It is also the currency of Niger, Benin, and Togo.
The first banknotes were issued in 1964 and the first coins in 1967. The Naira replaced the Nigerian pound at par. In 1970, the Naira was devalued by over 50%.
From 1970 to 1973, the Naira was pegged to the US dollar. In 1982, the Naira was devalued once again by over 50%.
This devaluation was the result of the 1982 Nigerian coup d’état. In 1983, the Naira was devalued yet again by over 50%.
The Naira was pegged to the US dollar in 1985 and the US dollar was replaced by the Euro in 1999.
How to Compare the Naira Exchange Rate
The Naira Exchange Rate is a key indicator of the current value of the currency.
This can be compared to other currencies to help decide on whether to buy or sell.
Naira exchange rate history. This is the history of the Naira exchange rate from the year 2000 to the present day. Naira exchange rate history.
This is the history of the Naira exchange rate from the year 2000 to the present day.
Naira is the currency of Nigeria. The Naira is divided into 100 naira notes and coins.
The naira has been in use since 1967. The currency, which is also known as the Nigerian pound, is issued by the Central Bank of Nigeria and is the only currency used in the country.
The Naira has been the currency of Nigeria since 1967. In the past, Nigeria had a different currency but it was renamed the Naira in 1967.