MAG
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 Magnesium(MAG) to Namibian Dollar(NAD). This is the real-time data. The current conversion shows 1 MAG at a value of 1 MAG for 0.00 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 Magnesium currency pair is the MAG to NAD, with for Magnesium's currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NAD.
MAG to NAD conversion rate trend
1D7D1M3M1YAll
In the past 1D, Magnesium has changed -0.04% to NAD. Based on the trend and price charts, Magnesium(MAG) has changed -0.04% to NAD while Namibian Dollar(NAD) has changed % to MAG in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.0005435 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/24 16:39:36(UTC+0)
How to buy Magnesium
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Magnesium (MAG)
Use a variety of payment options to buy Magnesium on Bitget. We'll show you how.
Buy MAG (or USDT) for NAD (Namibian Dollar) offers
Bitget P2P trading does not currently support direct buying of MAG with NAD. However, you can buy USDT in Bitget P2P trading first, and then buy MAG 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 MAG (or USDT) for NAD (Namibian Dollar) offers
Bitget P2P trading currently does not support direct selling of MAG to NAD. However, you can first exchange MAG 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 Magnesium to Namibian Dollar?
Magnesium to Namibian Dollar is falling this week.Magnesium's current market price is $ 0.0005435 per MAG, with a total market cap of $ 0 NAD based on a circulating supply of -- MAG. The trading volume of Magnesium has changed by +130.59% ($ 5,104.55 NAD) in the last 24 hours. Last trading day, MAG's trading volume was $ 3,908.92.
Market cap
$0
24h volume
$497.15779804
Circulating supply
0 MAG
Conversion tables
The exchange rate of Magnesium is decreasing.1 MAG is currently valued at $ 0.0005435 NAD , which means buying 5 MAG will cost $ 0.002718 NAD . Similarly, $1 NAD can be traded for 1,839.83 MAG, and $50 NAD can be converted to 91,991.5 MAG, excluding any platform or gas fees.
The exchange rate of 1 MAG to Namibian Dollar has changed by -31.28% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.04%, reaching a high of 0.0006862 NAD and a low of 0.0006853 NAD . One month ago, the value of 1 MAG was $ 0.001140 NAD , which represents a -46.53% change from its current value. Over the last year, Magnesium has changed by , resulting in a change of 0.00% in its value.
+$
0.0006857NADMAG to NAD
Amount
19:31 today
0.5 MAG
$0.0002718
1 MAG
$0.0005435
5 MAG
$0.002718
10 MAG
$0.005435
50 MAG
$0.02718
100 MAG
$0.05435
500 MAG
$0.2718
1000 MAG
$0.5435
NAD to MAG
Amount19:31 today
0.5NAD919.92 MAG
1NAD1,839.83 MAG
5NAD9,199.15 MAG
10NAD18,398.3 MAG
50NAD91,991.5 MAG
100NAD183,983.01 MAG
500NAD919,915.03 MAG
1000NAD1,839,830.06 MAG
Today vs. 24 hours ago
| Amount | 19:31 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 MAG | $0.{4}1499 | $0.{4}1500 | -0.04% |
| 1 MAG | $0.{4}2998 | $0.{4}2999 | -0.04% |
| 5 MAG | $0.0001499 | $0.0001500 | -0.04% |
| 10 MAG | $0.0002998 | $0.0002999 | -0.04% |
| 50 MAG | $0.001499 | $0.001500 | -0.04% |
| 100 MAG | $0.002998 | $0.002999 | -0.04% |
| 500 MAG | $0.01499 | $0.01500 | -0.04% |
| 1000 MAG | $0.02998 | $0.02999 | -0.04% |
Today vs. 1 month ago
| Amount | 19:31 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 MAG | $0.{4}1499 | $0.{4}3145 | -46.53% |
| 1 MAG | $0.{4}2998 | $0.{4}6289 | -46.53% |
| 5 MAG | $0.0001499 | $0.0003145 | -46.53% |
| 10 MAG | $0.0002998 | $0.0006289 | -46.53% |
| 50 MAG | $0.001499 | $0.003145 | -46.53% |
| 100 MAG | $0.002998 | $0.006289 | -46.53% |
| 500 MAG | $0.01499 | $0.03145 | -46.53% |
| 1000 MAG | $0.02998 | $0.06289 | -46.53% |
Today vs. 1 year ago
| Amount | 19:31 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 MAG | $0.{4}1499 | $-0.{5}3922 | 0.00% |
| 1 MAG | $0.{4}2998 | $-0.{5}7843 | 0.00% |
| 5 MAG | $0.0001499 | $-0.{4}3922 | 0.00% |
| 10 MAG | $0.0002998 | $-0.{4}7843 | 0.00% |
| 50 MAG | $0.001499 | $-0.0003922 | 0.00% |
| 100 MAG | $0.002998 | $-0.0007843 | 0.00% |
| 500 MAG | $0.01499 | $-0.003922 | 0.00% |
| 1000 MAG | $0.02998 | $-0.007843 | 0.00% |
Magnesium price prediction
What will the price of MAG be in 2025?
Based on MAG's historical price performance prediction model, the price of MAG is projected to reach $1.41 in 2025.
What will the price of MAG be in 2030?
In 2030, the MAG price is expected to change by -7.00%. By the end of 2030, the MAG price is projected to reach $2.55, with a cumulative ROI of +8507099.14%.
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Popular Magnesium conversions
Check out these popular currency conversions of Magnesium to several fiat currencies.
Magnesium to USD
1 MAG to $ 0.{4}2998 USD
Magnesium to GBP
1 MAG to £ 0.{4}2384 GBP
Magnesium to EUR
1 MAG to € 0.{4}2865 EUR
Magnesium to KRW
1 MAG to ₩ 0.04211 KRW
Magnesium to CAD
1 MAG to $ 0.{4}4187 CAD
Magnesium to AUD
1 MAG to $ 0.{4}4592 AUD
Magnesium to JPY
1 MAG to ¥ 0.004623 JPY
Magnesium to BRL
1 MAG to R$ 0.0001739 BRL
Magnesium to CNY
1 MAG to ¥ 0.0002174 CNY
Magnesium to TWD
1 MAG to NT$ 0.0009768 TWD
Popular cryptocurrencies to NAD
Explore other cryptocurrencies based on your interest in Magnesium.
Bitcoin to NAD
1 BTC to $ 1,744,863.92 NAD
MAD to NAD
1 MAD to $ 0.0008097 NAD
XRP to NAD
1 XRP to $ 25.05 NAD
Stellar to NAD
1 XLM to $ 9.7 NAD
Kusama to NAD
1 KSM to $ 726.91 NAD
Dogecoin to NAD
1 DOGE to $ 7.57 NAD
Hedera to NAD
1 HBAR to $ 2.58 NAD
Cardano to NAD
1 ADA to $ 17.87 NAD
Polkadot to NAD
1 DOT to $ 153.65 NAD
Solana to NAD
1 SOL to $ 4,501.91 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 Magnesium 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 Magnesium 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 Magnesium 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.
