MAGICK to NAD Converter and calculator


Conversion rates
Convert MAGICK to NAD
Convert NAD to MAGICK
MAGICK to NAD chart
MAGICK to NAD conversion data: Volatility and price changes of Cosmic Universe Magick in NAD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.05080 NAD | 0.05155 NAD | 0.06725 NAD | 0.09476 NAD |
Low | 0.04891 NAD | 0.04639 NAD | 0.04565 NAD | 0.04565 NAD |
Average | 0 NAD | 0 NAD | 0 NAD | 0 NAD |
Volatility | % | % | % | % |
Change | -1.02% | +3.37% | -26.44% | -48.28% |
Cosmic Universe Magick information
MAGICK to NAD market statistics
Current MAGICK to NAD exchange rate
Cosmic Universe Magick to Namibian Dollar is rising this week.More info about Cosmic Universe Magick 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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MAGICK to NAD Conversion tables
Amount | 20:09 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 MAGICK | N$0.02466 | N$0.02492 | -1.02% |
1 MAGICK | N$0.04932 | N$0.04983 | -1.02% |
5 MAGICK | N$0.2466 | N$0.2492 | -1.02% |
10 MAGICK | N$0.4932 | N$0.4983 | -1.02% |
50 MAGICK | N$2.47 | N$2.49 | -1.02% |
100 MAGICK | N$4.93 | N$4.98 | -1.02% |
500 MAGICK | N$24.66 | N$24.92 | -1.02% |
1000 MAGICK | N$49.32 | N$49.83 | -1.02% |
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