Weak exchange rate makes imports expensive

As R/USD reaches about 19
Namibia's import bill averaged N$10.3 billion in the first quarter of 2023.
Phillepus Uusiku
  • 1 Year Ago - 2023-05-15 00:00:00
A weak exchange rate makes imports expensive, while exports become cheap, according to economic theory.In addition, a strong exchange rate makes imports cheap and exports expensive
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Namibian Sun 2024-09-11

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Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls Katima Mulilo: 19° | 36° Rundu: 18° | 38° Eenhana: 17° | 37° Oshakati: 16° | 35° Ruacana: 16° | 35° Tsumeb: 20° | 34° Otjiwarongo: 14° | 33° Omaruru: 13° | 31° Windhoek: 13° | 28° Gobabis: 15° | 33° Henties Bay: 11° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 09:19, High tide: 03:27, Low Tide: 21:47, High tide: 15:44 Swakopmund: 12° | 14° Wind speed: 19km/h, Wind direction: SW, Low tide: 09:17, High tide: 03:25, Low Tide: 21:45, High tide: 15:42 Walvis Bay: 10° | 18° Wind speed: 23km/h, Wind direction: SW, Low tide: 09:17, High tide: 03:24, Low Tide: 21:45, High tide: 15:41 Rehoboth: 15° | 29° Mariental: 14° | 34° Keetmanshoop: 13° | 32° Aranos: 15° | 35° Lüderitz: 10° | 17° Ariamsvlei: 12° | 31° Oranjemund: 10° | 21° Luanda: 21° | 22° Gaborone: 13° | 30° Lubumbashi: 19° | 34° Mbabane: 9° | 27° Maseru: 10° | 27° Antananarivo: 12° | 30° Lilongwe: 19° | 31° Maputo: 18° | 29° Windhoek: 13° | 28° Cape Town: 10° | 22° Durban: 13° | 21° Johannesburg: 11° | 23° Dar es Salaam: 23° | 33° Lusaka: 18° | 31° Harare: 15° | 29° Currency: GBP to NAD 23.42 | EUR to NAD 19.76 | CNY to NAD 2.52 | USD to NAD 17.94 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.16 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 132.3 | USD to AOA 925.9 | USD to BWP 13.35 | USD to EGP 48.31 | USD to KES 128.48 | USD to NGN 1611.45 | USD to ZAR 17.93 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1779.39 Up +0.44% | Casablanca Stock Exchange (CSE) MASI 13950.06 Down -0.23% | Egyptian Exchange (EGX) 30 Index 30104.35 Down -0.89% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 517.07/OZ UP +0.41% | Copper US$ 4.07/lb DOWN -0.0088 | Zinc US$ 2 725.50/T UP 0.18% | Brent Crude Oil US$ 70.11/BBP DOWN -0.031 | Platinum US$ 938.70/OZ DOWN -0.003 Sport results: Currie Cup: Hollywoodbets Sharks XV 24 vs 18 Vodacom Bulls Weather: Katima Mulilo: 19° | 36° Rundu: 18° | 38° Eenhana: 17° | 37° Oshakati: 16° | 35° Ruacana: 16° | 35° Tsumeb: 20° | 34° Otjiwarongo: 14° | 33° Omaruru: 13° | 31° Windhoek: 13° | 28° Gobabis: 15° | 33° Henties Bay: 11° | 17° Wind speed: 21km/h, Wind direction: S, Low tide: 09:19, High tide: 03:27, Low Tide: 21:47, High tide: 15:44 Swakopmund: 12° | 14° Wind speed: 19km/h, Wind direction: SW, Low tide: 09:17, High tide: 03:25, Low Tide: 21:45, High tide: 15:42 Walvis Bay: 10° | 18° Wind speed: 23km/h, Wind direction: SW, Low tide: 09:17, High tide: 03:24, Low Tide: 21:45, High tide: 15:41 Rehoboth: 15° | 29° Mariental: 14° | 34° Keetmanshoop: 13° | 32° Aranos: 15° | 35° Lüderitz: 10° | 17° Ariamsvlei: 12° | 31° Oranjemund: 10° | 21° Luanda: 21° | 22° Gaborone: 13° | 30° Lubumbashi: 19° | 34° Mbabane: 9° | 27° Maseru: 10° | 27° Antananarivo: 12° | 30° Lilongwe: 19° | 31° Maputo: 18° | 29° Windhoek: 13° | 28° Cape Town: 10° | 22° Durban: 13° | 21° Johannesburg: 11° | 23° Dar es Salaam: 23° | 33° Lusaka: 18° | 31° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 23.42 | EUR to NAD 19.76 | CNY to NAD 2.52 | USD to NAD 17.94 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.3 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.67 | ZWL to NAD 0.04 | BRL to NAD 3.16 | RUB to NAD 0.2 | INR to NAD 0.21 | USD to DZD 132.3 | USD to AOA 925.9 | USD to BWP 13.35 | USD to EGP 48.31 | USD to KES 128.48 | USD to NGN 1611.45 | USD to ZAR 17.93 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1779.39 Up +0.44% | Casablanca Stock Exchange (CSE) MASI 13950.06 Down -0.23% | Egyptian Exchange (EGX) 30 Index 30104.35 Down -0.89% | Botswana Stock Exchange (BSE) DCI 9625.57 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 517.07/OZ UP +0.41% | Copper US$ 4.07/lb DOWN -0.0088 | Zinc US$ 2 725.50/T UP 0.18% | Brent Crude Oil US$ 70.11/BBP DOWN -0.031 | Platinum US$ 938.70/OZ DOWN -0.003


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