Convert Namibian Dollar to Euro
Please provide values below to convert Namibian Dollar [NAD] to Euro [EUR], or Convert Euro to Namibian Dollar.
How to Convert Namibian Dollar to Euro
1 NAD = 20.6012665650287 EUR
Example: convert 15 NAD to EUR:
15 NAD = 15 × 20.6012665650287 EUR = 309.018998475431 EUR
Namibian Dollar to Euro Conversion Table
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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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.