Historic Namibian dollar South Korean Won

Namibian dollar south korean won history for December 2023. The highest quote for this month is 71.592 (21/12/2023) and the lowest 71.037 (23/12/2023). The difference between high and low is 0.78.

NAD KRW average rate for December 2023 is 69.76693, the change between 01/12/2023 and 31/12/2023 is -0.26 %.

01 December 20231 NAD = 69.34 KRW
02 December 20231 NAD = 69.45 KRW
03 December 20231 NAD = 69.48 KRW
04 December 20231 NAD = 69.85 KRW
05 December 20231 NAD = 70.31 KRW
06 December 20231 NAD = 69.23 KRW
07 December 20231 NAD = 69.55 KRW
08 December 20231 NAD = 70.05 KRW
10 December 20231 NAD = 69.47 KRW
11 December 20231 NAD = 69.40 KRW
12 December 20231 NAD = 68.88 KRW
13 December 20231 NAD = 68.70 KRW
14 December 20231 NAD = 67.72 KRW
15 December 20231 NAD = 67.71 KRW
16 December 20231 NAD = 70.89 KRW
17 December 20231 NAD = 70.90 KRW
18 December 20231 NAD = 66.90 KRW
19 December 20231 NAD = 71.32 KRW
20 December 20231 NAD = 71.03 KRW
21 December 20231 NAD = 71.03 KRW
22 December 20231 NAD = 70.74 KRW
23 December 20231 NAD = 70.48 KRW
24 December 20231 NAD = 70.35 KRW
25 December 20231 NAD = 70.70 KRW
26 December 20231 NAD = 70.55 KRW
27 December 20231 NAD = 69.49 KRW
28 December 20231 NAD = 70.44 KRW
29 December 20231 NAD = 69.52 KRW

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.

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.