NAD information
About Namibian Dollar (NAD)
The Namibian Dollar (NAD), introduced in 1993, symbolizes more than just the monetary unit of Namibia; it represents the country's journey towards economic independence and stability. It is commonly abbreviated as NAD and represented by the symbol N$. Replacing the South African Rand, which is still legal tender in Namibia, the Namibian Dollar marked a significant step in post-apartheid Namibia's development.
Historical Background
The introduction of the Namibian Dollar was a pivotal move in Namibia’s journey following its independence from South African rule in 1990. The new currency was a symbol of national sovereignty, crucial in fostering a distinct national identity and independent economic policy.
Design and Symbolism
The design of the Namibian Dollar reflects the country’s rich natural heritage, cultural diversity, and history. Banknotes feature images of prominent national figures, indigenous wildlife, and significant landmarks that celebrate Namibia's unique identity. These designs not only serve a practical purpose but also act as emblems of national pride and heritage.
Economic Role
The Namibian Dollar plays a central role in the nation’s economy, which is bolstered by mining, agriculture, and tourism. As the primary medium of exchange, it supports these sectors, enabling trade and investment, and is essential for the country’s financial stability and growth.
Monetary Policy and Stability
Managed by the Bank of Namibia, the Namibian Dollar is pegged to the South African Rand, reflecting the close economic ties between the two countries. This peg provides a measure of stability for the Namibian Dollar, but it also means that its value is closely tied to that of the Rand. The bank's policies aim to stabilize the currency and control inflation, crucial for maintaining economic confidence.
International Trade and the Namibian Dollar
In international trade, the value of the Namibian Dollar is crucial, especially for Namibia's exports, such as diamonds, uranium, and beef. A stable and competitive exchange rate is vital for maintaining export competitiveness and attracting foreign investment.
Remittances and Economic Impact
Remittances from Namibians working abroad, particularly in South Africa and other countries, are a significant source of foreign income. These remittances, converted into Namibian Dollars, play a substantial role in supporting households and contributing to the national economy.
NXRA to NAD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $2.01 | 0.0003% / 0.0004%VIP | |
KuCoin | $2.01 | 0.1000% / 0.1000% | Yes |
How to buy Nexera
Buy NXRA (or USDT) for NAD (Namibian Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
金 金边安欣币行 300 trades|Completion rate 98.00% | 1.002 USD | Amount485 USDT Limit10 - 482 USD | ||
P Ponreay_FX 180 trades|Completion rate 97.00% | 1.002 USD | Amount1000 USDT Limit10 - 1002 USD | ||
y yaske212 26 trades|Completion rate 79.00% | 1.02 USD | Amount150 USDT Limit10 - 153 USD | ||
Q QuickResponse100% 470 trades|Completion rate 99.00% | 1.025 USD | Amount200 USDT Limit10 - 205 USD | ||
R Recharge 58 trades|Completion rate 91.00% | 1.025 USD | Amount82.36 USDT Limit10 - 84 USD |
Sell NXRA (or USDT) for NAD (Namibian Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
M Moneysend 156 trades|Completion rate 86.00% | 1.151 USD | Amount21750.95 USDT Limit10 - 9500 USD | ||
M Mzansi*Coins*Reserve 3 trades|Completion rate 50.00% | 1.15 USD | Amount488.72 USDT Limit10 - 575 USD | ||
y yaske212 26 trades|Completion rate 79.00% | 1.12 USD | Amount500 USDT Limit10 - 414 USD | ||
c cR7_trader 9 trades|Completion rate 69.00% | 1.1 USD | Amount4993.23 USDT Limit100 - 5000 USD | ||
D DimTrade 0 trades|Completion rate 0.00% | 1.1 USD | Amount4502.79 USDT Limit100 - 1000 USD |
What factors influence the conversion rate of Nexera to Namibian Dollar?
Nexera to Namibian Dollar is falling this week.Conversion tables
The exchange rate of Nexera is decreasing.NXRA to NAD
NAD to NXRA
Today vs. 24 hours ago
Amount | 05:52 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 NXRA | $0.05414 | $0.05082 | +6.55% |
1 NXRA | $0.1083 | $0.1016 | +6.55% |
5 NXRA | $0.5414 | $0.5082 | +6.55% |
10 NXRA | $1.08 | $1.02 | +6.55% |
50 NXRA | $5.41 | $5.08 | +6.55% |
100 NXRA | $10.83 | $10.16 | +6.55% |
500 NXRA | $54.14 | $50.82 | +6.55% |
1000 NXRA | $108.29 | $101.63 | +6.55% |
Today vs. 1 month ago
Amount | 05:52 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 NXRA | $0.05414 | $0.06129 | -11.67% |
1 NXRA | $0.1083 | $0.1226 | -11.67% |
5 NXRA | $0.5414 | $0.6129 | -11.67% |
10 NXRA | $1.08 | $1.23 | -11.67% |
50 NXRA | $5.41 | $6.13 | -11.67% |
100 NXRA | $10.83 | $12.26 | -11.67% |
500 NXRA | $54.14 | $61.29 | -11.67% |
1000 NXRA | $108.29 | $122.58 | -11.67% |
Today vs. 1 year ago
Amount | 05:52 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 NXRA | $0.05414 | $0.02543 | +113.15% |
1 NXRA | $0.1083 | $0.05087 | +113.15% |
5 NXRA | $0.5414 | $0.2543 | +113.15% |
10 NXRA | $1.08 | $0.5087 | +113.15% |
50 NXRA | $5.41 | $2.54 | +113.15% |
100 NXRA | $10.83 | $5.09 | +113.15% |
500 NXRA | $54.14 | $25.43 | +113.15% |
1000 NXRA | $108.29 | $50.87 | +113.15% |
Nexera price prediction
What will the price of NXRA be in 2025?
What will the price of NXRA be in 2030?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular Nexera conversions
Popular cryptocurrencies to NAD
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy Nexera for 1 NAD
A welcome pack worth 1000 USDT for new Bitgetters!