Convert Namibian Dollar to Moroccan Dirham
Convert Namibian Dollar (NAD) to Moroccan Dirham (MAD) using daily updated exchange rates.
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Exchange Rate
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About Namibian Dollar
The Namibian Dollar (NAD) has been the official currency of Namibia since 1993, replacing the South African Rand when Namibia achieved full monetary independence after gaining independence from South Africa in 1990. The NAD is pegged to the South African Rand at parity (1:1), and the rand remains legal tender in Namibia. The Bank of Namibia issues the dollar under a currency board arrangement. Namibia is a sparsely populated country with significant natural resources - diamonds (the coast is one of the world's richest diamond fields), uranium, zinc, copper, gold, and fish.
About Moroccan Dirham
The Moroccan Dirham (MAD) has been the official currency of Morocco since 1960, replacing the franc used during the French protectorate period. Bank Al-Maghrib manages monetary policy with a managed float exchange rate pegged to a basket of the Euro and US Dollar. Morocco has one of Africa's most diversified economies, with revenues from phosphate exports (the world's third largest producer), tourism, remittances from Moroccans abroad, and growing manufacturing including automotive and aerospace sectors. Morocco has signed a free trade agreement with the EU.
Quick Reference Table
| Namibian Dollar (NAD) | Moroccan Dirham (MAD) |
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).