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base info Mantle

Mantle to Namibian Dollar Converter and calculator

Convert 1Mantle (MNT) to Namibian Dollar (NAD) equals $ 21.36 | Bitget

NAD 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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Bitget crypto-to-fiat exchange data shows that the most popular Mantle currency pair is the MNT to NAD, with for Mantle's currency code being MNT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NAD.

MNT to NAD conversion rate trend

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In the past 1D, Mantle has changed -3.21% to NAD. Based on the trend and price charts, Mantle(MNT) has changed -3.21% to NAD while Namibian Dollar(NAD) has changed % to MNT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$21.36
0.0001% / 0.0004%vip-iconVIP
Huobi
$21.3
0.1000% / 0.1000%
Yes
Gate.io
$21.29
0.1000% / 0.1000%
Yes
Bybit
$21.33
0.1000% / 0.1000%
Yes
KuCoin
$21.28
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 17:00:28(UTC+0)

What factors influence the conversion rate of Mantle to Namibian Dollar?

Mantle to Namibian Dollar is falling this week.
Mantle's current market price is $ 21.36 per MNT, with a total market cap of $ 69,740,710,560.38 NAD based on a circulating supply of 3,264,441,600 MNT. The trading volume of Mantle has changed by +40.45% ($ 799,995,738.04 NAD) in the last 24 hours. Last trading day, MNT's trading volume was $ 1,977,945,146.45.
Market cap
$3.72B
24h volume
$148.07M
Circulating supply
3.26B MNT

Conversion tables

The exchange rate of Mantle is increasing.
1 MNT is currently valued at $ 21.36 NAD , which means buying 5 MNT will cost $ 106.82 NAD . Similarly, $1 NAD can be traded for 0.04681 MNT, and $50 NAD can be converted to 2.34 MNT, excluding any platform or gas fees.
The exchange rate of 1 MNT to Namibian Dollar has changed by -18.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.21%, reaching a high of 22.12 NAD and a low of 19.04 NAD . One month ago, the value of 1 MNT was $ 16.81 NAD , which represents a +27.11% change from its current value. Over the last year, Mantle has changed by
+$
2.58NAD
, resulting in a change of --% in its value.

MNT to NAD

Amount
17:05 today
0.5 MNT
$10.68
1 MNT
$21.36
5 MNT
$106.82
10 MNT
$213.64
50 MNT
$1,068.19
100 MNT
$2,136.37
500 MNT
$10,681.87
1000 MNT
$21,363.75

NAD to MNT

Amount17:05 today
0.5NAD0.02340  MNT
1NAD0.04681  MNT
5NAD0.2340  MNT
10NAD0.4681  MNT
50NAD2.34  MNT
100NAD4.68  MNT
500NAD23.4  MNT
1000NAD46.81  MNT
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Today vs. 24 hours ago

Amount17:05 today24 hours ago24h change
0.5 MNT$0.5694$0.5882
-3.21%
1 MNT$1.14$1.18
-3.21%
5 MNT$5.69$5.88
-3.21%
10 MNT$11.39$11.76
-3.21%
50 MNT$56.94$58.82
-3.21%
100 MNT$113.88$117.65
-3.21%
500 MNT$569.38$588.24
-3.21%
1000 MNT$1,138.76$1,176.47
-3.21%

Today vs. 1 month ago

Amount17:05 today1 month ago1M change
0.5 MNT$0.5694$0.4481
+27.11%
1 MNT$1.14$0.8961
+27.11%
5 MNT$5.69$4.48
+27.11%
10 MNT$11.39$8.96
+27.11%
50 MNT$56.94$44.81
+27.11%
100 MNT$113.88$89.61
+27.11%
500 MNT$569.38$448.07
+27.11%
1000 MNT$1,138.76$896.14
+27.11%

Today vs. 1 year ago

Amount17:05 today1 year ago1Y change
0.5 MNT$0.5694$0.0005999
--
1 MNT$1.14$0.001200
--
5 MNT$5.69$0.005999
--
10 MNT$11.39$0.01200
--
50 MNT$56.94$0.05999
--
100 MNT$113.88$0.1200
--
500 MNT$569.38$0.5999
--
1000 MNT$1,138.76$1.2
--

FAQ

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