The rand is named after an area near Johannesburg called the Rand, which is famous for its gold mines.. Our currency rankings show that the most popular South Africa Rand exchange rate is the USD to ZAR rate. South Africa is a country found on the southernmost point of the African continent. The Rand is still legal tender, since the Namibia Dollar is pegged to the Rand. Buy Rand in South Africa if you're passing through there (or buy it before you arrive)!. Introduced in the year 1961, this South Africa Currency is used by the Common Monetary Area, consisting of four countries – Zimbabwe, Swaziland, Namibia and Lesotho. The currency takes its name from the Witwatersrand (\"White-waters-ridge\"), the ridge where most of South Africa's gold deposits were found and where Johannesburg was built. The Namibian dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa 1920-1990. Financial spread betting is only available to OANDA Europe Ltd customers who reside in the UK or Republic of Ireland. Many hotels, lodges and restaurants in towns will accept credit card … 27 Willie van Schoor Avenue The Namibian dollar is pegged to the South African rand. Many hotels, lodges and restaurants in towns will accept credit card payments, but you do need carry enough cash with you to cover yourself for places that don’t accept cards. Track Rand forex rate changes, track Rand historical changes. Ultimately the government settled on the name: … 412981) and is the issuer of the products and/or services on this website. The dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa from 1920 until 1990, at par. When I first moved to Namibia, everyone was using the South African Rand. Investment Industry Regulatory Organization of Canada. Online converter show how much is 1138 South African Rand in Namibian Dollar. Similarly, some African countries have more than one official currency. [4] Safari, Namibia's Sossusvlei, Damaraland and Kunene Luxury Safari (7 days), Best of Namibia Self-Drive Adventure (8 days), Unforgettable Namibia Safari Adventure (11 days), Short and Sweet Sossusvlei Sojourn (5 days), Nambian Desert to Coast Self-Drive Road Trip (9 days), South Africa to Namibia Classic 4x4 Self-Drive Adventure (11 days), Namibia Safari on Board the Rovos Rail (9 days), The Best of Namibia, Botswana & Victoria Falls- A Guided Self-drive, Exciting Family Safari in Botswana and Namibia (11 days). "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. These popular itineraries can be customised to match your budget and travel dates. This South African Rand to Namibia Dollar currency converter is updated with real-time rates every 15 minutes as of Jan 29, 2021. 100.00 South African rand = 104.69 Namibian dollars The worst day to change South African rand in Namibian dollars was the Thursday, 31 October 2019. The information on this site is not directed at residents of countries where its distribution, or use by any person, would be contrary to local law or regulation. After the country gained its independence in 1990, the Dollar was introduced in 1993 to replace the South African Rand. The Rand has the symbol \"R\" and is subdivided into 100 cents.Coins are issued in 5c, 10c, 20c, 50c, R 1, R 2, and R 5 denominations. The rand is still legal tender, as the Namibian dollar is linked to the South African rand and can be exchanged on a one-to-one basis locally. You can usually only buy N$ in Namibia, and you can't use it (or exchange it) anywhere else, so try keep your stocks low!If you ask a bank very nicely, they may give you Rand instead of N$. The South African rand is used alongside the Namibian dollar in Namibia; and alongside the Swazi lilangeni in Swaziland. It is authorised and regulated by the Malta Financial Services Authority. Namibia has some superb campsites in beautiful wild places, and…, Herero women are known for their colourful attire | Credit: Travel Notes CFDs, MT4 hedging capabilities and leverage ratios exceeding 50:1 are not available to US residents. It’s still dry, so game viewing is excellent.…, If you’re after an active holiday in Namibia, you’re in for a mind-boggling array of choices: everything from hiking, mountain biking and sand boarding to river…, The best way to travel Namibia on a budget is to rent a car, stay in campsites and cook your own food. CFDs are complex financial products and come with a high risk of losing money. No: 0325821. average: $ 0.999; minimum: $ 0.975; maximum: $ 1.016 According to the United Nations, South Africa is designated as being an upper-middle income, developing country. If you’re travelling to Namibia after spending time in South Africa, rands are accepted everywhere in Namibia (although Namibian dollars are not accepted in South Africa). South African Rand exchange rates and currency conversion. South African Rand (ZAR) is accepted in Namibia … Yip! The Namibian Dollar is the official currency of Namibia. In September 15, 1993, the first banknotes were issued by the Bank of Namibia; the first coins were introduced in December of the following year. The code for the South African Rand is ZAR; The symbol for the South African Rand is R; The code for the Namibian Dollar is NAD; The symbol for the Namibian Dollar is $ The Rand is divided into 100 cents; The NA Dollar is divided into 100 cents; For 2021, one South African Rand has equalled. Answer 1 of 8: I just wanted to check that South African rand is the best currency to take to Namibia. You can draw cash from ATMs in Namibia using your international bank cards. Generally abbreviated as ZAR, the South Africa currency is further subdivided into 100 cents. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca. The currency code for Rand is ZAR, and the currency symbol is R. Below, you'll find South African Rand rates and a currency converter. We use international ZAR/NAD exchange rate, and last update was today. Exchange rates are updated every 15 minutes. 7530 Cape Town Information on this website is general in nature. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. Namibia was also part of the Common Monetary Area from independence in 1990 until the introduction of the dollar in 1993. Regional neighbours Lesotho and Eswatini, formerly known as … The Namibian Dollar is the official currency of Namibia. Zimbabwe takes the title for the country with the most official currencies, however. The South African Rand is the currency of South Africa. If you’re travelling to Namibia after spending time in South Africa, rands are accepted everywhere in Namibia (although Namibian dollars are not accepted in South Africa). We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. South Africa is a multi-ethnic country with about 56 million people. OANDA (Canada) Corporation ULC accounts are available to anyone with a Canadian bank account. In most cases, credit cards will be accepted. OANDA Europe Markets Limited is a company registered in Malta number C95813, and has its registered office at 171, Old Bakery Street, Valletta, VLT1455 Malta. OANDA (Canada) Corporation ULC is regulated by the Investment Industry Regulatory Organization of Canada (IIROC), which includes IIROC's online advisor check database (IIROC AdvisorReport), and customer accounts are protected by the Canadian Investor Protection Fund within specified limits. Recovering from its status as the birthplace of the Arab Spring, Tunisia’s … We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. Namibia, a country bigger than France by land area but with a population of just 2.6-million people, introduced its own currency in 1993, pegged at parity to the rand, three years after gaining independence from SA. The Namibian dollar replaced the South African rand, which had been the country's currency while it was under South African rule as South-West Africa 1920-1990. I went to Thomas Cook today to order some Rand and they were surprised by my request, as their system was recommending US dollars, euros or sterling. It is authorised and regulated by the Financial Conduct Authority, No: 542574. -0.1189 -0.7167% Namibia is benefiting from a currency peg with South Africa’s rand, even after it slumped 6 percent against the dollar in the past six … The rand is still legal tender, as the Namibian dollar is linked to the South African rand … OANDA Australia Pty Ltd is regulated by the Australian Securities and Investments Commission ASIC (ABN 26 152 088 349, AFSL No. Namibia’s economy is dependent on mining and developing minerals for export. The Cape wine lands, South Africa The Namibian dollar is pegged to the South African rand. 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