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Currencies

Countries that use the Namibian dollar

The Namibian dollar is an official national currency and used only in Namibia. 1 dollar is devided into 100 Cents.

The Namibian dollar is tied to the South African rand with a fixed exchange rate. Therefore, 1 dollar always equals to 1 South African rand.


ISO 4127:
NAD
Numeric:
516



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1.00 Namibian dollars = 0.052 US dollars


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Exchange rate history 10 NAD in USD

The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 10 NAD moved during this time from USD 0.78 to USD 0.51. In these 77 months it fell by 34.0 percent.

Namibian dollar as currency

CountryRegion
NamibiaSouthern Africa

US dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United States of AmericaNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Caribbean NetherlandsCaribbean
United States Minor Outlying IslandsMicronesia

Currency reserves for the Namibian dollar

According to the International Monetary Fund, the total broad money (M3) amounted to NAD 133.08 billion at the end of 2021. For currency hedging, reserves were held in a total amount of 40.85 billion dollars. This corresponds to a ratio of 1:3.3. Or in other words, 10 of 33 dollars are deposited with a countervalue, which is internationally already above average.

All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.

› Worldwide currency and gold reserves



Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 103 countries compared to the US
New Zealand: Sunrise + sunsetTimes for sunrise and sunset in New ZealandTimes of sunrise and sunset for the most important cities in New Zealand and the avg. length of daylight per month