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base info THORChain

THORChain to Namibian Dollar Converter and calculator

Convert 1THORChain (RUNE) to Namibian Dollar (NAD) equals $ 92.03 | 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 THORChain currency pair is the RUNE to NAD, with for THORChain's currency code being RUNE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NAD.

RUNE to NAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, THORChain has changed -5.63% to NAD. Based on the trend and price charts, THORChain(RUNE) has changed -5.63% to NAD while Namibian Dollar(NAD) has changed % to RUNE in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$90.4
0.0001% / 0.0004%vip-iconVIP
Binance
$90.18
0.1000% / 0.1000%
Yes
Huobi
$90.08
0.1000% / 0.1000%
Yes
Gate.io
$90.14
0.1000% / 0.1000%
Yes
Bybit
$90.33
0.1000% / 0.1000%
Yes
KuCoin
$90.17
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 21:00:30(UTC+0)

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

THORChain to Namibian Dollar is falling this week.
THORChain's current market price is $ 92.03 per RUNE, with a total market cap of $ 30,760,384,620.64 NAD based on a circulating supply of 334,259,460 RUNE. The trading volume of THORChain has changed by -10.07% ($ -722,230,076.32 NAD) in the last 24 hours. Last trading day, RUNE's trading volume was $ 7,171,739,996.2.
Market cap
$1.62B
24h volume
$339.08M
Circulating supply
334.26M RUNE

Conversion tables

The exchange rate of THORChain is decreasing.
1 RUNE is currently valued at $ 92.03 NAD , which means buying 5 RUNE will cost $ 460.13 NAD . Similarly, $1 NAD can be traded for 0.01087 RUNE, and $50 NAD can be converted to 0.5433 RUNE, excluding any platform or gas fees.
The exchange rate of 1 RUNE to Namibian Dollar has changed by -34.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.63%, reaching a high of 98.86 NAD and a low of 87.86 NAD . One month ago, the value of 1 RUNE was $ 157.78 NAD , which represents a -41.67% change from its current value. Over the last year, THORChain has changed by
+$
2.8NAD
, resulting in a change of +186.12% in its value.

RUNE to NAD

Amount
21:31 today
0.5 RUNE
$46.01
1 RUNE
$92.03
5 RUNE
$460.13
10 RUNE
$920.25
50 RUNE
$4,601.27
100 RUNE
$9,202.55
500 RUNE
$46,012.73
1000 RUNE
$92,025.47

NAD to RUNE

Amount21:31 today
0.5NAD0.005433  RUNE
1NAD0.01087  RUNE
5NAD0.05433  RUNE
10NAD0.1087  RUNE
50NAD0.5433  RUNE
100NAD1.09  RUNE
500NAD5.43  RUNE
1000NAD10.87  RUNE
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Today vs. 24 hours ago

Amount21:31 today24 hours ago24h change
0.5 RUNE$2.42$2.56
-5.63%
1 RUNE$4.84$5.13
-5.63%
5 RUNE$24.19$25.64
-5.63%
10 RUNE$48.38$51.27
-5.63%
50 RUNE$241.91$256.36
-5.63%
100 RUNE$483.82$512.71
-5.63%
500 RUNE$2,419.1$2,563.56
-5.63%
1000 RUNE$4,838.2$5,127.12
-5.63%

Today vs. 1 month ago

Amount21:31 today1 month ago1M change
0.5 RUNE$2.42$4.15
-41.67%
1 RUNE$4.84$8.3
-41.67%
5 RUNE$24.19$41.48
-41.67%
10 RUNE$48.38$82.95
-41.67%
50 RUNE$241.91$414.75
-41.67%
100 RUNE$483.82$829.5
-41.67%
500 RUNE$2,419.1$4,147.51
-41.67%
1000 RUNE$4,838.2$8,295.03
-41.67%

Today vs. 1 year ago

Amount21:31 today1 year ago1Y change
0.5 RUNE$2.42$0.8454
+186.12%
1 RUNE$4.84$1.69
+186.12%
5 RUNE$24.19$8.45
+186.12%
10 RUNE$48.38$16.91
+186.12%
50 RUNE$241.91$84.54
+186.12%
100 RUNE$483.82$169.09
+186.12%
500 RUNE$2,419.1$845.43
+186.12%
1000 RUNE$4,838.2$1,690.87
+186.12%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.