RENEC
NAD
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of RENEC(RENEC) to Namibian Dollar(NAD). This is the real-time data. The current conversion shows 1 RENEC at a value of 1 RENEC for 4.28 NAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
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.
Bitget crypto-to-fiat exchange data shows that the most popular RENEC currency pair is the RENEC to NAD, with for RENEC's currency code being RENEC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NAD.
RENEC to NAD conversion rate trend
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In the past 1D, RENEC has changed -1.52% to NAD. Based on the trend and price charts, RENEC(RENEC) has changed -1.52% to NAD while Namibian Dollar(NAD) has changed % to RENEC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $4.31 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/27 00:30:48(UTC+0)
How to buy RENEC
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy RENEC (RENEC)
Use a variety of payment options to buy RENEC on Bitget. We'll show you how.
Buy RENEC (or USDT) for NAD (Namibian Dollar) offers
Bitget P2P trading does not currently support direct buying of RENEC with NAD. However, you can buy USDT in Bitget P2P trading first, and then buy RENEC with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell RENEC (or USDT) for NAD (Namibian Dollar) offers
Bitget P2P trading currently does not support direct selling of RENEC to NAD. However, you can first exchange RENEC for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of RENEC to Namibian Dollar?
RENEC to Namibian Dollar is falling this week.RENEC's current market price is $ 4.28 per RENEC, with a total market cap of $ 153,534,234.27 NAD based on a circulating supply of 35,895,004 RENEC. The trading volume of RENEC has changed by +22.69% ($ 4,144.13 NAD) in the last 24 hours. Last trading day, RENEC's trading volume was $ 18,266.21.
Market cap
$8.27M
24h volume
$1.21K
Circulating supply
35.90M RENEC
Conversion tables
The exchange rate of RENEC is increasing.1 RENEC is currently valued at $ 4.28 NAD , which means buying 5 RENEC will cost $ 21.39 NAD . Similarly, $1 NAD can be traded for 0.2338 RENEC, and $50 NAD can be converted to 11.69 RENEC, excluding any platform or gas fees.
The exchange rate of 1 RENEC to Namibian Dollar has changed by -6.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.52%, reaching a high of 4.35 NAD and a low of 4.26 NAD . One month ago, the value of 1 RENEC was $ 3.79 NAD , which represents a +12.88% change from its current value. Over the last year, RENEC has changed by , resulting in a change of -28.71% in its value.
-$
1.72NADRENEC to NAD
Amount
05:16 am today
0.5 RENEC
$2.14
1 RENEC
$4.28
5 RENEC
$21.39
10 RENEC
$42.77
50 RENEC
$213.87
100 RENEC
$427.73
500 RENEC
$2,138.66
1000 RENEC
$4,277.31
NAD to RENEC
Amount05:16 am today
0.5NAD0.1169 RENEC
1NAD0.2338 RENEC
5NAD1.17 RENEC
10NAD2.34 RENEC
50NAD11.69 RENEC
100NAD23.38 RENEC
500NAD116.9 RENEC
1000NAD233.79 RENEC
Today vs. 24 hours ago
| Amount | 05:16 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RENEC | $0.1152 | $0.1170 | -1.52% |
| 1 RENEC | $0.2304 | $0.2340 | -1.52% |
| 5 RENEC | $1.15 | $1.17 | -1.52% |
| 10 RENEC | $2.3 | $2.34 | -1.52% |
| 50 RENEC | $11.52 | $11.7 | -1.52% |
| 100 RENEC | $23.04 | $23.4 | -1.52% |
| 500 RENEC | $115.2 | $116.98 | -1.52% |
| 1000 RENEC | $230.4 | $233.96 | -1.52% |
Today vs. 1 month ago
| Amount | 05:16 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RENEC | $0.1152 | $0.1021 | +12.88% |
| 1 RENEC | $0.2304 | $0.2041 | +12.88% |
| 5 RENEC | $1.15 | $1.02 | +12.88% |
| 10 RENEC | $2.3 | $2.04 | +12.88% |
| 50 RENEC | $11.52 | $10.21 | +12.88% |
| 100 RENEC | $23.04 | $20.41 | +12.88% |
| 500 RENEC | $115.2 | $102.06 | +12.88% |
| 1000 RENEC | $230.4 | $204.11 | +12.88% |
Today vs. 1 year ago
| Amount | 05:16 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RENEC | $0.1152 | $0.1616 | -28.71% |
| 1 RENEC | $0.2304 | $0.3232 | -28.71% |
| 5 RENEC | $1.15 | $1.62 | -28.71% |
| 10 RENEC | $2.3 | $3.23 | -28.71% |
| 50 RENEC | $11.52 | $16.16 | -28.71% |
| 100 RENEC | $23.04 | $32.32 | -28.71% |
| 500 RENEC | $115.2 | $161.6 | -28.71% |
| 1000 RENEC | $230.4 | $323.2 | -28.71% |
RENEC price prediction
What will the price of RENEC be in 2025?
Based on RENEC's historical price performance prediction model, the price of RENEC is projected to reach $0.3047 in 2025.
What will the price of RENEC be in 2030?
In 2030, the RENEC price is expected to change by -18.00%. By the end of 2030, the RENEC price is projected to reach $0.3811, with a cumulative ROI of +64.72%.
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Popular RENEC conversions
Check out these popular currency conversions of RENEC to several fiat currencies.
RENEC to USD
1 RENEC to $ 0.2304 USD
RENEC to GBP
1 RENEC to £ 0.1840 GBP
RENEC to EUR
1 RENEC to € 0.2213 EUR
RENEC to KRW
1 RENEC to ₩ 340.8 KRW
RENEC to CAD
1 RENEC to $ 0.3320 CAD
RENEC to AUD
1 RENEC to $ 0.3707 AUD
RENEC to JPY
1 RENEC to ¥ 36.32 JPY
RENEC to BRL
1 RENEC to R$ 1.42 BRL
RENEC to CNY
1 RENEC to ¥ 1.68 CNY
RENEC to TWD
1 RENEC to NT$ 7.54 TWD
Popular cryptocurrencies to NAD
Explore other cryptocurrencies based on your interest in RENEC.
XRP to NAD
1 XRP to $ 40.23 NAD
Bitcoin to NAD
1 BTC to $ 1,784,742.72 NAD
Ethereum to NAD
1 ETH to $ 62,579.09 NAD
GMT to NAD
1 GMT to $ 2.95 NAD
Solana to NAD
1 SOL to $ 3,516.01 NAD
FTX Token to NAD
1 FTT to $ 69.31 NAD
Bitget Token to NAD
1 BGB to $ 141.08 NAD
THENA to NAD
1 THE to $ 29.39 NAD
BNB to NAD
1 BNB to $ 12,753.16 NAD
Sui to NAD
1 SUI to $ 77.8 NAD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between RENEC and NAD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as RENEC and NAD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of RENEC in NAD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
