Which currency for holiday to Namibia?

Here you will find the right answers

About Moneyland Forum

The moneyland.ch forum lets you exchange knowledge on numerous topics related to money and get answers to your questions at any time. Join forum users and experts in discussions relating to banking, investment, insurance, retirement, telecom and everyday money topics.

Show categories

Please login in or sign up to participate in the forum.
 
avatar
  • BenutzernameMoneyland User Questions
  • Status Member
  • Registriert seit1/27/17
  • Beiträge2142

Hi Moneyguru,

We will be holidaying in Namibia and I want to take local currency with me. Where can I get the best deal on Namibian dollars?

 
avatar
  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4079

Hi there,

In Namibia you can use South African rand interchangeably with Namibian dollars on a 1:1 basis. Virtually all merchants and individuals in Namibia accept South African rand just as readily as Namibian dollars. South African Rand can also be used in Swaziland (1:1 with the Swazi lilangeni) and in Lesotho (1:1 with the Lesotho lothi), which are also part of the same common monetary area.

For this reason, it is important to carefully compare the rates offered by Swiss banks and choose the currency which is old at the best rate. Swiss banks often use a much more favorable rate for South African rand than for Namibian dollars, or may not offer Namibian dollars at all. In some case you may get a better deal buying Namibian dollars.

Example: At the time of writing this, the Zürcher Kantonalbank sold South African rand at 0.0850 and Namibian dollars at 0.1025 - a huge difference for currencies which are valued and accepted 1:1 in Namibia. Buying the most affordable currency could save you a lot of money.

Best regards from Moneyguru

More on this topic:
Foreign Currency: Getting the Best Rates
Credit Card Use Abroad: Which Currency to Choose?
Swiss Credit Cards: Foreign Transaction Fees

Request now for free

Cheap bank accounts with card

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Request now for free

Cheap bank accounts with card

Free bank account

Yuh

  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Swiss Bank

Bank WIR Bankpaket Top

  • Free account & card

  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

Online private account

UBS key4

  • 50 KeyClub points as a welcome gift

  • Online private account with debit card

Deal of the Day
×
Free bank account

Yuh

No account fees