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Nairaland Forum / Nairaland / General / Business / History Of Naira To Dollar Exchange Rate (1972-2019) (40373 Views)
Why Naira To Dollar Exchange Rate Is Crashing At The Black Market / Naira - Dollar Exchange Rate From 1972 Till Date / Naira To Dollar Exchange Rate History (2) (3) (4)
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History Of Naira To Dollar Exchange Rate (1972-2019) by titiloyeblog: 10:14am On Aug 02, 2019 |
Below is a picture of what the exchange rate looks like from 1972 till date. Which was the price when you were born? source: https://www.titiloyeblog.com/2019/08/history-of-naira-to-dollar-exchange.html 8 Likes 8 Shares
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Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Simplyleo: 10:25am On Aug 02, 2019 |
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars. 150 Likes 8 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by titiloyeblog: 10:29am On Aug 02, 2019 |
Simplyleo: ... You are a 'crimira' (in eventuary's voice) 64 Likes 6 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Simplyleo: 10:30am On Aug 02, 2019 |
titiloyeblog: 4 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by CanadaOrBust: 1:01pm On Aug 02, 2019 |
Wow Mind u it is 363 only because CBN is artificially propping up the Naira 35 Likes 2 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by sharena(m): 1:02pm On Aug 02, 2019 |
Simplyleo: THIS PERSON MUST BE AN ACCOUNTANT 41 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by jantofubu(m): 1:02pm On Aug 02, 2019 |
booked |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by illiteratepmb: 1:03pm On Aug 02, 2019 |
When things were good. 1 Like |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by SamOyovwi: 1:03pm On Aug 02, 2019 |
17 naira to a dollar when I was born. Buhari is the cause everything 14 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by orion7: 1:03pm On Aug 02, 2019 |
buhari 4 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Trexxsvg(m): 1:03pm On Aug 02, 2019 |
Increase sucks |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Ekakamba: 1:04pm On Aug 02, 2019 |
PROVOKING! But wetin I know sef? Civilian took over and boom! The Naira starts plummeting. 1 Like |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by jk200: 1:04pm On Aug 02, 2019 |
Why the sudden jump in year 2000? Abeg make dem quickly introduce ECO money so dat dis exchange rate will go down small 1Eco = $5 . 12 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by dejio42(m): 1:04pm On Aug 02, 2019 |
And still loading God bless Nigeria |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by GOFRONT(m): 1:04pm On Aug 02, 2019 |
It can only get worse in Nigeria.....Can't wait to see $1 to N1,000 3 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by yinkus6750(m): 1:05pm On Aug 02, 2019 |
So sad how we mismanaged our economy and messed up our financial system. Greed and corruption killed us. Other countries had stable exchange rate for decades. But ours is a pitiable and sorrowful one. Devaluation never helped us . 26 Likes 3 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by lilmax(m): 1:05pm On Aug 02, 2019 |
All the leaders during these periods should be executed even the dead ones 28 Likes 2 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Tomoyayi(m): 1:05pm On Aug 02, 2019 |
2015/16 1 Dollar was like 500 (bureau de change) 6 Likes 2 Shares |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Amuocha: 1:05pm On Aug 02, 2019 |
Buhari has done very well 3 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by israelmao(m): 1:05pm On Aug 02, 2019 |
The point that things began to get worse is glaring. 6 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Iamgrey5(m): 1:05pm On Aug 02, 2019 |
The sudden change in the exchange rate in 1970 and 80s is not entirely down to what Nigerian government did. However, it is more of a result of the American government taking control of its currency exchange rate, which is against the rules stipulated by Bretten wood's convention after the world war 11 in 1944. The rule maintained that all countries should have a fixed exchange rate policy which was tied to the dollars, the dollars itself was then tied to the price of gold. However, the Americans unilaterally diverged from the rules starting from 1971 because they claimed that the rule was hurting their economy. Thus, America abopted a more flexible exchange rate based on the principles of demand and supply. This policy continues to hurt countries like Nigeria who literarily imports almost everything as other developed countries also adopted similar strategy. 17 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by tico1212(m): 1:05pm On Aug 02, 2019 |
Say baba! 2 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Nobody: 1:06pm On Aug 02, 2019 |
Bubu d clueless We can clearly see his handiwork 7 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by lilfreezy: 1:06pm On Aug 02, 2019 |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by phineas: 1:06pm On Aug 02, 2019 |
Nice one. Next let's do the value of crude oil,the volume of sales, our foreign reserve and our debt in naira and dollar, during these timelines side by side the exchange rate Those are the real comparisons that will show the full picture of what happened in nigeria till date 5 Likes 1 Share |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Fragility6: 1:06pm On Aug 02, 2019 |
Under our Saint Obi president. The one who never steals, white as snow,our everlasting perfect presido, naira increased two times from 199-300 and 300-363. Na God help us sef,at a time it was 405naira. 7 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Ijeleigbo(m): 1:06pm On Aug 02, 2019 |
With the Chinese currency swap with the Naira, the value of dollar will shrink anytime soon... 1 Like |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by FantasticJ: 1:06pm On Aug 02, 2019 |
orion7: Don't forget Buhari was there in 1983 also 2 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by MobilityExpress: 1:06pm On Aug 02, 2019 |
When I was young, naira was still above dollar. During my grandmother's time, around 1915, naija money was equal to pounds. God punish every Nigerian leader that helped to destroy our currency 4 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by loverboy442: 1:06pm On Aug 02, 2019 |
una see the rate at which buhari own dey rise? no joy at all 7 Likes |
Re: History Of Naira To Dollar Exchange Rate (1972-2019) by Hungrychicken(m): 1:07pm On Aug 02, 2019 |
since when the white men left power to us, the naira have been devaluing stupidly. 1 Like |
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