South African rand namibian dollar exchange rate history (ZAR NAD) November 2023

South African rand namibian dollar history for November 2023. The highest quote for this month is 1.0656 (14/11/2023) and the lowest 1.0931 (14/11/2023). The difference between high and low is -2.58.

ZAR NAD average rate for November 2023 is 1.00754, the change between 01/11/2023 and 30/11/2023 is +1.94 %.

01 November 2023	1 ZAR = 1.012 NAD
02 November 2023	1 ZAR = 1.021 NAD
03 November 2023	1 ZAR = 0.9781 NAD
06 November 2023	1 ZAR = 1.014 NAD
07 November 2023	1 ZAR = 1.000 NAD
08 November 2023	1 ZAR = 1.070 NAD
09 November 2023	1 ZAR = 1.069 NAD
10 November 2023	1 ZAR = 1.001 NAD
12 November 2023	1 ZAR = 0.9993 NAD
13 November 2023	1 ZAR = 0.9969 NAD
14 November 2023	1 ZAR = 1.072 NAD
15 November 2023	1 ZAR = 0.9998 NAD
16 November 2023	1 ZAR = 1.002 NAD
17 November 2023	1 ZAR = 0.9905 NAD
18 November 2023	1 ZAR = 0.9989 NAD
19 November 2023	1 ZAR = 0.9999 NAD
20 November 2023	1 ZAR = 1.001 NAD
21 November 2023	1 ZAR = 1.002 NAD
22 November 2023	1 ZAR = 0.9867 NAD
23 November 2023	1 ZAR = 0.9729 NAD
24 November 2023	1 ZAR = 0.9896 NAD
26 November 2023	1 ZAR = 0.9997 NAD
27 November 2023	1 ZAR = 1.002 NAD
28 November 2023	1 ZAR = 1.011 NAD
29 November 2023	1 ZAR = 1.015 NAD
30 November 2023	1 ZAR = 0.9926 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.

Historic South African rand Namibian dollar