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Monthly Average Exchange Rates of the Naira (Naira Per Unit of Foreign Currency) - 2014
 
Month May June July
DAS/WDAS (USD) 157.29 157.29 157.29
IFEM (USD) 161.86 162.82 162.25
BDC (USD) 166.85 167.17 167.71
POUNDS 262.41 263.29 265.93
EURO 213.98 211.68 211.24
CFAFr 0.33 0.32 0.32
       
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Export to Excel Monthly Average Exchange Rates of the Naira
DAS/WDAS = Dutch Auction System/Wholesale Dutch Auction System, IFEM is Inter-bank Foreign Exchange Market, BDC is Bureau de Change
*
DAS/WDAS exchange rate from August 2005, include 1 per cent commission
Facts : 1/1/1900
Structural Adjustment Programme (S.A.P.):Introduced in June 1986, the Structural Adjustment Programme was introduced after a public debate on IMF loan conditionalities. It was aimed at re-structuring the productive base of the ecnonomy and promoting non-inflationary economic growth.
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