Business

Naira to Dollar exchange rate record over 51 years (1972-2023)

Nigerian Naira to Dollar exchange rate record over 51 years (1972-2023)- Do you know once in history, Nigerian naira was higher than American Dollar?

The economy of the giants of Africa, Nigeria has for years experienced good and bad, better or worse time in years and presently. In time past our Naira was respected, feared and had value in the world and international market even to American dollar.

The name giant of Africa was not just given to Nigeria like that, several factor came into consideration before the name was given which Nigerian economy and currency was among, it will blow your mind that in time past, and in the history of Nigeria, Nigerian Naira had more value than American dollar, to emphasis on it; in 1983, one (1) dollar was 0.894 Naira ($1= N0.894) not even up to a Naira but 89Kobo.

Nigerian Naira to Dollar exchange rate record over 51 years (1972-2023)

Before we continue see table of the improvement and decline of Nigerian Naira to Dollar since after independence. Table of the exchange rate of dollar to Naira from 1972 till date

Year Dollar ($) Naira (N)
1972-1982 1 0.550-0.647
1983 1 0.724-0.894
1986 1 2.02
1987 1 4.02
1988 1 4.54
1989-1990 1 7.39
1991 1 8.04
1992 1 9.91
1993 1 17.30
1994 1 22.33
1995-1999 1 21.89
2000 1 85.98
2001 1 99-106
2002 1 109-113
2003 1 114-127
2004 1 127-130
2005 1 132-136
2006 1 128.50-131.80
2007 1 120-125
2008 1 115-120
2009 1 145-171
2010 1 148-154
2011 1 151-165
2012 1 155-161
2013 1 153-162
2014 1 170-199
2015 1 199-300
2016 1 300-320
2017

 

2018

1

 

1

400-363

 

365-360

2019-2022 1 365-600

2023 :  1 : 600 – 820

Read- How to earn cool dollars on facebook

GET YOUR DREAM JOB BEFORE THE END OF THIS MONTH

Can you believe the large difference of the fall of Naira to dollars and even other currencies like Ghana Cedi? What really went wrong? Before our money had value and cost of living before was affordable but now it’s not like that anymore everyday dollar keeps rising

Ask yourself this question, when will all this get better? What can I do to help my country escape from poverty?

Please feel free to  share your point of view with other  by leaving a comment below.

To get more Updates

sparkgist

View Comments

  • The youth are the problem of this country because they don't want to work so they love bribing can you imagine that a man of 30years is still begin his parents for food when all the past leaders were under the age of 30 except only one that was 42 years but now because youths don't want to work all the leaders now are old people and they don't have the brain of calculation and some are wicked

Recent Posts

University of Africa  Toru-Orua Recruitment 2024/2025 – uat.edu.ng/recruit

University of Africa, Toru-Orua Recruitment 2024/2025 - Recruitment for Academic and Non-Academic Staff Positions at the University of Africa, Toru-Orua.…

1 week ago

Arise Youth Employment Portal 2024 – Apply for Akwa Ibom State Government Recruitment

Akwa Ibom State Government Recruitment for Arise Youth Application Form Portal 2024 – Akwa Ibom State this is to inform…

2 weeks ago

careers.firs.gov.ng Recruitment Portal 2024/2025 is open – Apply now

FIRS Recruitment Application Form 2024/2025 Open - This is to inform the general public that the Federal Inland Revenue Service…

2 weeks ago

Federal Inland Revenue Service Recruitment 2024 | firs.gov.ng/careers

Federal Inland Revenue Service Recruitment Portal 2024 is open. This page contains step by step guide on how to apply…

2 weeks ago

UAE Work Visa for 5 Years Temporary Work: Eligibility, Required Documents & How to Apply

UAE Work Visa Apply now - The Service of Labor issues a Brief Work Allowance in Dubai to the individual…

2 weeks ago

Luxembourg Labor Jobs with Visa Sponsorship 2024/2025 (€14.86 Per Hour) – Apply Now

Luxembourg Labor Jobs with Visa Sponsorship - Luxembourg is renowned for its high quality of life, security, and dynamic economy.…

2 weeks ago