Convert United States Dollar to Namibian Dollar
Please provide values below to convert United States Dollar [USD] to Namibian Dollar [NAD], or Convert Namibian Dollar to United States Dollar.
How to Convert United States Dollar to Namibian Dollar
1 USD = 0.0569258881861704 NAD
Example: convert 15 USD to NAD:
15 USD = 15 × 0.0569258881861704 NAD = 0.853888322792556 NAD
United States Dollar to Namibian Dollar Conversion Table
| United States Dollar | Namibian Dollar |
|---|
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Namibian Dollar
The Namibian Dollar (NAD) is the official currency of Namibia, used for all monetary transactions within the country.
History/Origin
Introduced in 1993, replacing the South African Rand at par, the Namibian Dollar was established to establish a distinct national currency following independence from South Africa.
Current Use
The NAD is widely used in Namibia for everyday transactions, banking, and trade, and is pegged at par with the South African Rand, which is also accepted in Namibia.