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History Of Naira To Dollar Exchange Rate (1972-2019) - Business - Nairaland

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Hong Kong, China Bank, US Dollar Exchange Rate 363 / 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

7 Likes 8 Shares

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. undecided

148 Likes 8 Shares

Re: History Of Naira To Dollar Exchange Rate (1972-2019) by titiloyeblog: 10:29am On Aug 02, 2019
Simplyleo:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars. undecided

grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin...

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:


grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin grin...

You are a 'crimira' (in eventuary's voice)
grin grin grin

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:
Wish I can quickly rewind to 1972, convert naira to dollars then forward again to 2019 with my dollars. undecided

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
angry 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 grin

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? grin tongue

Civilian took over and boom! The Naira starts plummeting. undecided

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
grin

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 1 Share

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 grin

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
lipsrsealed
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:
buhari grin

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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