Historic Kazakhstani tenge Namibian dollar

Kazakhstani tenge namibian dollar history for August 2023. The highest quote for this month is 0.044108 (15/08/2023) and the lowest 0.042449 (12/08/2023). The difference between high and low is 3.76.

KZT NAD average rate for August 2023 is 0.04139, the change between 01/08/2023 and 31/08/2023 is -1 %.

01 August 20231 KZT = 0.0404 NAD
02 August 20231 KZT = 0.0404 NAD
03 August 20231 KZT = 0.0403 NAD
04 August 20231 KZT = 0.0413 NAD
07 August 20231 KZT = 0.0415 NAD
08 August 20231 KZT = 0.0412 NAD
09 August 20231 KZT = 0.0412 NAD
10 August 20231 KZT = 0.0412 NAD
11 August 20231 KZT = 0.0413 NAD
12 August 20231 KZT = 0.0424 NAD
14 August 20231 KZT = 0.0419 NAD
15 August 20231 KZT = 0.0418 NAD
16 August 20231 KZT = 0.0426 NAD
17 August 20231 KZT = 0.0417 NAD
18 August 20231 KZT = 0.0418 NAD
19 August 20231 KZT = 0.0418 NAD
20 August 20231 KZT = 0.0418 NAD
21 August 20231 KZT = 0.0424 NAD
22 August 20231 KZT = 0.0421 NAD
23 August 20231 KZT = 0.0422 NAD
24 August 20231 KZT = 0.0409 NAD
25 August 20231 KZT = 0.0411 NAD
28 August 20231 KZT = 0.0406 NAD
29 August 20231 KZT = 0.0407 NAD
30 August 20231 KZT = 0.0408 NAD
31 August 20231 KZT = 0.0408 NAD

13/12/2021: Introduction of New Banknotes and Coins

New banknotes and coins were introduced, featuring updated designs, improved security features, and denominations. This aims to enhance the efficiency of cash transactions.

03/04/2017: Transition to Free Float

After gradually reducing interventions, Kazakhstan fully transitioned to a free float exchange rate for the tenge, allowing the market to determine its value.

26/01/2016: New N$100 and N$200 Banknotes Introduced

Namibia introduced new banknotes of N$100 and N$200 denominations to address the need for higher-value currency in the growing economy.

20/08/2015: Tenge Devaluation

Kazakhstan devalued the tenge by around 30% due to falling oil prices and economic instability. This move aimed to boost exports and protect the economy.

30/08/2012: Introduction of N$10 Commemorative Banknote

Namibia introduced a commemorative banknote of N$10 to celebrate the centenary of the country's struggle for independence.

27/10/2008: Financial Crisis Impact

Due to the global financial crisis, the Namibian dollar experienced a depreciation against major currencies, affecting the country's economy.

19/04/2004: Introduction of New Banknotes

New banknotes with enhanced security features and updated designs were introduced to combat counterfeiting and modernize the currency.

01/01/2002: Replacement of Old Banknotes

Old banknotes of the Namibian dollar were demonetized, and new banknotes became the only valid currency.

04/10/1999: Floating Exchange Rate

Kazakhstan switched to a floating exchange rate regime, allowing the tenge to fluctuate freely based on market supply and demand.

01/06/1999: Introduction of New Banknotes and Coins

New series of banknotes and coins were introduced in Namibia, featuring indigenous wildlife and cultural symbols.

15/02/1994: Denomination of Tenge

The tenge underwent a 10,000-fold denomination, where 1 new tenge was equal to 10,000 old tenge. This was done to simplify currency handling and eliminate excessive zeros.

15/11/1993: Introduction of Kazakhstani Tenge

The Kazakhstani tenge was introduced as the new currency of Kazakhstan, replacing the Soviet ruble. The exchange rate was set at 1 tenge = 500 rubles.

30/08/1993: Dollarization of Namibia

Namibia adopted the Namibian dollar as its sole legal tender, replacing the South African rand as the official currency.

21/03/1990: Independence of Namibia

Namibia gained independence from South Africa, leading to the introduction of the Namibian dollar as the official currency of the newly established country.