Historic South African rand Namibian dollar

South African rand namibian dollar history for February 2024. The highest quote for this month is 1.0408 (13/02/2024) and the lowest 1.014 (27/02/2024). The difference between high and low is 2.57.

ZAR NAD average rate for February 2024 is 1.00099, the change between 01/02/2024 and 29/02/2024 is -0.63 %.

01 February 20241 ZAR = 0.9977 NAD
02 February 20241 ZAR = 1.001 NAD
03 February 20241 ZAR = 0.9998 NAD
04 February 20241 ZAR = 1.001 NAD
05 February 20241 ZAR = 0.9845 NAD
06 February 20241 ZAR = 1.001 NAD
07 February 20241 ZAR = 1.001 NAD
08 February 20241 ZAR = 1.000 NAD
09 February 20241 ZAR = 0.9997 NAD
12 February 20241 ZAR = 1.002 NAD
13 February 20241 ZAR = 1.006 NAD
14 February 20241 ZAR = 1.003 NAD
15 February 20241 ZAR = 1.001 NAD
16 February 20241 ZAR = 1.001 NAD
17 February 20241 ZAR = 1.000 NAD
18 February 20241 ZAR = 1.002 NAD
19 February 20241 ZAR = 1.007 NAD
20 February 20241 ZAR = 0.9963 NAD
21 February 20241 ZAR = 1.000 NAD
22 February 20241 ZAR = 1.001 NAD
23 February 20241 ZAR = 1.002 NAD
24 February 20241 ZAR = 1.002 NAD
25 February 20241 ZAR = 0.9999 NAD
26 February 20241 ZAR = 0.9935 NAD
27 February 20241 ZAR = 1.006 NAD
28 February 20241 ZAR = 1.014 NAD
29 February 20241 ZAR = 1.004 NAD

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

01/01/2002: Replacement of Old Banknotes

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

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
ZAR NAD January 2024
ZAR NAD February 2024
ZAR NAD March 2024
ZAR NAD April 2024
ZAR NAD May 2024
ZAR NAD June 2024
ZAR NAD July 2024
ZAR NAD August 2024
ZAR NAD September 2024
ZAR NAD October 2024
ZAR NAD November 2024
ZAR NAD December 2024
ZAR NAD January 2025