ARS to NAD
Currency conversion rates from ARS to NAD
|1 ARS||1 NAD|
|5 ARS||5 NAD|
|10 ARS||10 NAD|
|20 ARS||20 NAD|
|50 ARS||50 NAD|
|100 ARS||100 NAD|
|250 ARS||250 NAD|
|500 ARS||500 NAD|
|1000 ARS||1000 NAD|
|2000 ARS||2000 NAD|
|5000 ARS||5000 NAD|
|10000 ARS||10000 NAD|
|1 NAD||1 ARS|
|5 NAD||5 ARS|
|10 NAD||10 ARS|
|20 NAD||20 ARS|
|50 NAD||50 ARS|
|100 NAD||100 ARS|
|250 NAD||250 ARS|
|500 NAD||500 ARS|
|1000 NAD||1000 ARS|
|2000 NAD||2000 ARS|
|5000 NAD||5000 ARS|
|10000 NAD||10000 ARS|
ARS - Argentine Peso ($)
The Argentine Peso (ARS) is the currency unit for Argentina. The Peso symbol is the same as the dollar sign ($). The Peso is subdivided into centavos; 1 Peso = 100 centavos. The previous currency of Argentina was also called the Peso; however, the currency evolved and fewer zeros are currently being used.
The Argentine Peso is the currency in Argentina (AR, ARG). The symbol for ARS can be written $. The Argentine Peso is divided into 100 centavos. The exchange rate for the Argentine Peso was last updated on May 24, 2019 from Yahoo Finance. The ARS conversion factor has 5 significant digits.
- Before 1826, the Spanish silver eight-real coin was named the Peso. After Argentina became independent, the country started using new coin denominations: Escudos, Soles, and Reales. The coins were in circulation until 1881.
- From 1881, to 1969 the silver and gold Pesos were introduced. The gold coin denominations were 2½ and 5 Pesos, the silver coins were 5, 10, 20, and 50 centavos, as well as 1 Peso, and the copper coins were 1 and 2 centavos.
- From 1970 to 1983, the "Peso Ley" replaced the previous peso; 1 Peso Ley = 100 Pesos Nacionale.
- From 1983 to 1991, the Peso was replaced by the previous currencies.
- In 1992, the last Peso was introduced and is referred to by the international market as the Peso Convertible. A fixed exchange rate was established between the Central Bank of Argentina and the United States Dollar at a rate of 1 USD = 1 Peso. The agreement expired in 2001.
- After 2001, the fixed agreement with the USA expired, and since 2002, the exchange rate has been fluctuating.
- Argentina’s economy is rated as a higher middle economy.
- The economy is sustained by the abundance of natural resources, a diverse industry base, and an export-focused agricultural program.
- During the early twentieth century Argentina was considered the richest country in the southern hemisphere.
- The top industries are appliances, electronics, textiles, beverages, furniture, printing, chemicals, pharmaceuticals, motor vehicles, and food processing.
- Export products are soybeans, natural gas, aluminum, steel, refined fuel, machinery, vegetable products, and other industry products.
- Import products are mainly capital goods, consumer durables for the automotive industry, freight vehicles, lubricants, and refined fuel.
NAD - Namibian Dollar ($)
The Namibian Dollar is the official currency of Namibia. After the country gained its independence in 1990, the Dollar was introduced in 1993 to replace the South African Rand. The Rand is still legal tender, since the Namibia Dollar is pegged to the Rand.
The Namibian Dollar is the currency in Namibia (NA, NAM). The symbol for NAD can be written N$. The Namibian Dollar is divided into 100 cents. The exchange rate for The Namibian Dollar was last updated on May 24, 2019 from Yahoo Finance. The NAD conversion factor has 5 significant digits.
- Namibia’s economy is dependent on mining and developing minerals for export.
- Mining accounts for 20% of Namibia’s GDP. Its valuable diamond deposits make Namibia the primary source of gem-quality diamonds.
- Namibia is the fourth-largest exporter of non-fuel minerals in Africa, produces large amounts of zinc, lead, tin, tungsten, and silver, and is the fifth-largest uranium producer.
- Almost half of the population depends on agriculture for survival.
- Privatization of Namibian enterprises is one of the reasons for future investment.
- The South African Rand was the official currency from 1920 to 1990. The Rand is still considered legal tender in Namibia; the Namibia Dollar is pegged to the Rand at a rate of 1:1.
- Namibia was a member of the Common Monetary Area after it gained independence in 1990 until the introduction of the Namibia Dollar in 1993.
- 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.