PENCHAN to NAD Converter and calculator

Conversion rates
Convert PENCHAN to NAD
Convert NAD to PENCHAN
PENCHAN to NAD chart
PENCHAN to NAD conversion data: Volatility and price changes of Penchan in NAD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.1707 NAD | -- NAD | -- NAD | -- NAD |
Low | 0.0003870 NAD | -- NAD | -- NAD | -- NAD |
Average | 0 NAD | 0 NAD | 0 NAD | 0 NAD |
Volatility | % | % | % | % |
Change | -0.96% | -- | -- | -- |
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Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Penchan information
PENCHAN to NAD market statistics
Current PENCHAN to NAD exchange rate
Penchan to Namibian Dollar is falling this week.More info about Penchan on Bitget
Namibian Dollar 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.
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PENCHAN to NAD Conversion tables
Amount | 23:04 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PENCHAN | N$0.0001994 | N$-- | -0.96% |
1 PENCHAN | N$0.0003988 | N$-- | -0.96% |
5 PENCHAN | N$0.001994 | N$-- | -0.96% |
10 PENCHAN | N$0.003988 | N$-- | -0.96% |
50 PENCHAN | N$0.01994 | N$-- | -0.96% |
100 PENCHAN | N$0.03988 | N$-- | -0.96% |
500 PENCHAN | N$0.1994 | N$-- | -0.96% |
1000 PENCHAN | N$0.3988 | N$-- | -0.96% |
PENCHAN to NAD FAQ
What factors influence the conversion rate of PENCHAN to NAD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Penchan in the US is $0.{4}2298 USD. Additionally, Penchan’s price is €0.{4}1964 EUR in the eurozone, £0.{4}1715 GBP in the UK, C$0.{4}3205 CAD in Canada, ₹0.002038 INR in India, ₨0.006468 PKR in Pakistan, R$0.0001228 BRL in Brazil, and more.
The most popular Penchan currency pair is the PENCHAN to Namibian Dollar(NAD). The price of 1 Penchan (PENCHAN) in Namibian Dollar (NAD) is N$0.0003988.
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