Namibia is one of the hardest countries in the world to send money to. In 2019, there is always a simple way to send money abroad. However, if you need to send money to Namibia you are far more limited than you’d be if you were sending money to one of most other countries.
The current exchange rate for the Namibian Dollar (NAD) is 16.249653 NAD per American Dollar (USD) as of the time this was written. The NAD reached a high of 16.6698 NAD per USD and a low of 16.2303 NAD per USD during the last 90 days. The average exchange rate for the last 90 days was 16.3839 NAD per USD.
The average volatility rate for the NAD against the USD was 0.68% for the last 90 days. This is a high volatility rate, although the NAD has stabilized somewhat during the last 30 days. You can reasonably expect large fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to Namibia is through WorldRemit. WorldRemit isn’t the most predictable service in terms of time, but the company is known for being quite fast in general. Most of the time, you can expect your money to reach its Namibian destination in a matter of hours. For cash pickups, you can usually have the pickup arranged within a matter of minutes.
WorldRemit is the cheapest reasonable way to send money to Namibia. WorldRemit charges very low upfront fees, and they make most of their money from hidden currency conversion fees. These fees are low, however, and they total out to an amount that is lower than the competition.
The easiest way to send money to Namibia is through Payoneer. With Payoneer, you can switch between different money transfer methods to suit your needs. You have several options for sending money through Payoneer. We recommend you use Payoneer to send money to the recipient’s debit card, which offers greater convenience and security when compared to other methods. You can also use Payoneer to send mobile money to Namibia.
Payoneer is the overall best way to send money to Namibia. This is simply because they offer you the most control over your money and how the recipient will receive it. Payoneer is easy to use, and their services are almost universally useful.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com