Historic Namibian dollar Convertible Mark

Namibian dollar convertible mark history for August 2023. The highest quote for this month is 0.09997 (01/08/2023) and the lowest 0.09786 (28/08/2023). The difference between high and low is 2.11.

NAD BAM average rate for August 2023 is 0.09695, the change between 01/08/2023 and 31/08/2023 is +3.49 %.

01 August 20231 NAD = 0.0999 BAM
03 August 20231 NAD = 0.1002 BAM
04 August 20231 NAD = 0.0974 BAM
07 August 20231 NAD = 0.0974 BAM
08 August 20231 NAD = 0.0976 BAM
10 August 20231 NAD = 0.0973 BAM
11 August 20231 NAD = 0.0979 BAM
14 August 20231 NAD = 0.0961 BAM
17 August 20231 NAD = 0.0946 BAM
18 August 20231 NAD = 0.0943 BAM
21 August 20231 NAD = 0.0941 BAM
28 August 20231 NAD = 0.0964 BAM

01/11/2019: 25th Anniversary of the Convertible Mark

Bosnia and Herzegovina celebrated the 25th anniversary of the introduction of the Convertible Mark as its national currency.

15/08/2017: New Banknote Denominations

New banknote denominations of 200 BAM and 1,000 BAM were introduced to facilitate transactions and enhance the efficiency of cash handling.

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.

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.

09/03/2010: New Polymer Banknotes

The Central Bank of Bosnia and Herzegovina introduced polymer banknotes to replace the paper banknotes, increasing durability and security.

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.

28/02/2002: Replacement of Deutsche Mark with Euro

The Deutsche Mark was replaced by the euro as the main reference currency for the Convertible Mark's fixed exchange rate.

01/01/2002: Replacement of Old Banknotes

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

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.

02/07/1998: Issuance of New Banknote Series

A new series of banknotes was issued, featuring updated designs and enhanced security features.

01/07/1997: Currency Board Arrangement

A Currency Board Arrangement was established to maintain a fixed exchange rate between the Convertible Mark and the Deutsche Mark.

22/06/1995: Introduction of the Convertible Mark

The Convertible Mark was introduced as the official currency of Bosnia and Herzegovina, replacing the Yugoslav dinar.

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.