Historic Namibian dollar South Korean Won

Namibian dollar south korean won history for January 2024. The highest quote for this month is 72.349 (17/01/2024) and the lowest 71.618 (17/01/2024). The difference between high and low is 1.01.

NAD KRW average rate for January 2024 is 70.47596, the change between 01/01/2024 and 31/01/2024 is -0.21 %.

01 January 20241 NAD = 70.38 KRW
02 January 20241 NAD = 69.85 KRW
03 January 20241 NAD = 70.61 KRW
04 January 20241 NAD = 70.56 KRW
05 January 20241 NAD = 70.16 KRW
06 January 20241 NAD = 69.97 KRW
07 January 20241 NAD = 70.38 KRW
08 January 20241 NAD = 70.30 KRW
09 January 20241 NAD = 70.23 KRW
10 January 20241 NAD = 70.65 KRW
11 January 20241 NAD = 70.87 KRW
12 January 20241 NAD = 70.27 KRW
14 January 20241 NAD = 70.59 KRW
15 January 20241 NAD = 70.32 KRW
16 January 20241 NAD = 70.69 KRW
17 January 20241 NAD = 71.69 KRW
18 January 20241 NAD = 70.55 KRW
19 January 20241 NAD = 70.22 KRW
22 January 20241 NAD = 70.54 KRW
23 January 20241 NAD = 69.80 KRW
24 January 20241 NAD = 69.70 KRW
25 January 20241 NAD = 70.33 KRW
26 January 20241 NAD = 70.76 KRW
28 January 20241 NAD = 71.22 KRW
29 January 20241 NAD = 70.80 KRW
30 January 20241 NAD = 70.92 KRW
31 January 20241 NAD = 70.53 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.
NAD KRW January 2024
NAD KRW February 2024
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