Namibian Dollar

Namibian Dollar

The Namibia dollar (symbol: $; code: NAD; Afrikaans: Namibiese dollar) has been the currency of Namibia since 1993. It is normally abbreviated with the dollar sign $, or alternatively N$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

18 Namibian Dollar to British Pound exchange rates chart

18 NAD to GBP exchange rates graph
18 NAD to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

18 NAD to GBP exchange rates table

Exchange NAD to GBP
18 Namibian Dollar = 0.960 British Pound
36 Namibian Dollar = 1.919 British Pound
90 Namibian Dollar = 4.798 British Pound
180 Namibian Dollar = 9.596 British Pound
Exchange Namibian Dollar to British Pound
18 Namibian Dollar to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

18 NAD to GBP exchange rates news

Malaria nets for rural Namibia
Malaria nets for rural Namibia

THE JC Flowers Foundation, which is working towards eliminating malaria in southern Africa, has joined forces with German company Badische Anilin und Soda Fabrik (BASF), a leading chemical producer to deliver 26 000 Interceptor® long-lasting, insecticide-treated mosquito nets to rural Namibia.

indicative positive
Fuel prices to go up for the fifth time this year

The minister of Mines and Energy Tom Alweendo this week announced that the price of fuel will increase for the fifth time this year.

conditional neutral
Fuel prices up for eigth consecutive time
Fuel prices up for eigth consecutive time

MINES and energy minister Tom Alweendo yesterday announced that fuel prices are set to increase by 50 cents for 95 Octane petrol and 70 cents for diesel tomorrow.

indicative neutral
Mutorwa's NAC director removal branded illegal
Mutorwa's NAC director removal branded illegal

LAWYER Sisa Namandje said he will file urgent court papers today to challenge the decision by works minister John Mutorwa to fire a former Namibia Airports Company director.

indicative negative
Brexit Latest: British Pound Recovers as UK PM May Announces Deal

UK Prime Minister Theresa May and her cabinet have agreed to a Brexit deal with the European Union. The Brexit saga isn’t over yet, though.

indicative positive
British Pound Wavers On Brexit Milestone - Swissquote

British Pound Wavers on Brexit Milestone - Swissquote

conditional neutral
GBP/JPY Price Forecast - British pound finds a bit of support against yen

The British pound pulled back against the Japanese yen initially during the trading session on Friday but found enough support near the ¥147 level to turn around and form a hammer. This hammer suggests that we are trying to break towards the upside but there is so much in the way of noise between here and the ¥150 level that I think we will find sellers.

conditional positive
Exchange Rates Update Today: British Pound Awaits UK Labour Data, Euro Under Pressure, US Dollar Strength Ensues

The British Pound (GBP) posted heavy losses against the Dollar (USD) on Monday, as the Euro (EUR) also posted heavy losses.

conditional negative

18 NAD to GBP currency converter