The Namibian Dollar (NAD) has been the official currency of Namibia, regulated by the Bank of Namibia since its introduction in 1993, replacing the South African Rand at par. Its value is influenced by economic factors and global market dynamics, leading to fluctuations concerning major currencies. As of my last update in January 2022, the exchange rate hovered around 1 NAD to 1 ZAR (South African Rand), given their close economic ties. The Namibian Dollar is primarily used for domestic transactions and is not extensively traded on international foreign exchange markets. Namibia has upheld its commitment to the Namibian Dollar, and there were no predominant plans to switch to a foreign currency at that time, signifying the country's dedication to its sovereign currency. It's important to note that exchange rates and monetary policies are subject to change, so consulting up-to-date sources for the latest information regarding the Namibian Dollar is recommended.