Given the dynamic origin of earth's magnetic field, its strength, direction and polarity change over time.
It has reversed polarity 183 times in the last 83 million years. The time intervals between reversals have fluctuated widely, but average about 300,000 years, with the last taking place about 780,000 years ago.
Polarity reversals have had little effect on the magnetosphere or on life on earth. However, Its effect on modern civilization may be non-negligible.