Moroccan dirham
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1 MAD = 0.164 AUD
1 AUD = 6.115 MAD
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1 MAD = 109.919 ARS
1 ARS = 0.009 MAD
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1 MAD = 305.899 BIF
1 BIF = 0.003 MAD
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1 MAD = 0.039 BHD
1 BHD = 25.725 MAD
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1 MAD = 0.713 BOB
1 BOB = 1.402 MAD
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1 MAD = 0.175 AZN
1 AZN = 5.704 MAD
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1 MAD = 9.005 BTN
1 BTN = 0.111 MAD
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1 MAD = 51.624 CRC
1 CRC = 0.019 MAD
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1 MAD = 2.371 CZK
1 CZK = 0.422 MAD
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1 MAD = 0.747 CNY
1 CNY = 1.339 MAD
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1 MAD = 0.707 DKK
1 DKK = 1.415 MAD
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1 MAD = 13.538 ETB
1 ETB = 0.074 MAD
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1 MAD = 892.677 GNF
1 GNF = 0.001 MAD
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1 MAD = 0.714 HRK
1 HRK = 1.401 MAD
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1 MAD = 1693.153 IDR
1 IDR = 0.001 MAD
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1 MAD = 16.220 JMD
1 JMD = 0.062 MAD
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1 MAD = 9.018 KGS
1 KGS = 0.111 MAD
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1 MAD = 0.185 BAM
1 BAM = 5.399 MAD
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1 MAD = 0.186 ANG
1 ANG = 5.375 MAD
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1 MAD = 1.415 BWP
1 BWP = 0.707 MAD
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1 MAD = 0.138 BND
1 BND = 7.260 MAD
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1 MAD = 295.671 CDF
1 CDF = 0.003 MAD
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1 MAD = 0.207 BZD
1 BZD = 4.822 MAD
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1 MAD = 3372.177 BYR
1 BYR = 0.000 MAD
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1 MAD = 0.185 BGN
1 BGN = 5.399 MAD
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1 MAD = 0.148 CAD
1 CAD = 6.736 MAD
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1 MAD = 13.738 DZD
1 DZD = 0.073 MAD
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1 MAD = 1.547 ERN
1 ERN = 0.646 MAD
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1 MAD = 5.224 EGP
1 EGP = 0.191 MAD
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1 MAD = 0.237 FJD
1 FJD = 4.227 MAD
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1 MAD = 0.080 GBP
1 GBP = 12.566 MAD
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1 MAD = 0.080 FKP
1 FKP = 12.566 MAD
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1 MAD = 0.796 GTQ
1 GTQ = 1.256 MAD
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1 MAD = 0.801 HKD
1 HKD = 1.248 MAD
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1 MAD = 37.820 HUF
1 HUF = 0.026 MAD
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1 MAD = 135.240 IQD
1 IQD = 0.007 MAD
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1 MAD = 4341.549 IRR
1 IRR = 0.000 MAD
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1 MAD = 46.597 KMF
1 KMF = 0.021 MAD
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1 MAD = 149.898 KRW
1 KRW = 0.007 MAD
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1 MAD = 9.432 ALL
1 ALL = 0.106 MAD
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1 MAD = 12.544 BDT
1 BDT = 0.080 MAD
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1 MAD = 0.186 AWG
1 AWG = 5.387 MAD
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1 MAD = 0.598 BRL
1 BRL = 1.672 MAD
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1 MAD = 0.000 BCH
1 BCH = 3274.907 MAD
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1 MAD = 0.000 BTC
1 BTC = 808083.333 MAD
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1 MAD = 0.379 AED
1 AED = 2.640 MAD
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1 MAD = 94.222 AOA
1 AOA = 0.011 MAD
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1 MAD = 0.103 BSD
1 BSD = 9.697 MAD
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1 MAD = 96.843 CLP
1 CLP = 0.010 MAD
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1 MAD = 0.338 BYN
1 BYN = 2.960 MAD
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1 MAD = 426.637 COP
1 COP = 0.002 MAD
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1 MAD = 2.655 CUP
1 CUP = 0.377 MAD
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1 MAD = 0.000 ETH
1 ETH = 18125.234 MAD
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1 MAD = 0.095 EUR
1 EUR = 10.555 MAD
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1 MAD = 2.640 HNL
1 HNL = 0.379 MAD
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1 MAD = 7.425 GMD
1 GMD = 0.135 MAD
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1 MAD = 0.080 GIP
1 GIP = 12.566 MAD
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1 MAD = 13.540 HTG
1 HTG = 0.074 MAD
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1 MAD = 0.073 JOD
1 JOD = 13.671 MAD
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1 MAD = 15.234 JPY
1 JPY = 0.066 MAD
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1 MAD = 7.308 AFN
1 AFN = 0.137 MAD
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1 MAD = 0.206 BBD
1 BBD = 4.849 MAD
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1 MAD = 0.103 BMD
1 BMD = 9.697 MAD
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1 MAD = 40.525 AMD
1 AMD = 0.025 MAD
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1 MAD = 0.091 CHF
1 CHF = 11.000 MAD
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1 MAD = 18.384 DJF
1 DJF = 0.054 MAD
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1 MAD = 6.475 DOP
1 DOP = 0.154 MAD
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1 MAD = 10.442 CVE
1 CVE = 0.096 MAD
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1 MAD = 0.286 GEL
1 GEL = 3.494 MAD
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1 MAD = 1.600 GHS
1 GHS = 0.625 MAD
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1 MAD = 21.599 GYD
1 GYD = 0.046 MAD
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1 MAD = 0.375 ILS
1 ILS = 2.664 MAD
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1 MAD = 8.978 INR
1 INR = 0.111 MAD
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1 MAD = 13.880 ISK
1 ISK = 0.072 MAD
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1 MAD = 413.767 KHR
1 KHR = 0.002 MAD
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1 MAD = 13.339 KES
1 KES = 0.075 MAD
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1 MAD = 0.032 KWD
1 KWD = 31.481 MAD
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1 MAD = 50.745 KZT
1 KZT = 0.020 MAD
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1 MAD = 30.496 LKR
1 LKR = 0.033 MAD
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1 MAD = 1.000 MAD
1 MAD = 1.000 MAD
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1 MAD = 216.356 MMK
1 MMK = 0.005 MAD
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1 MAD = 350.418 MNT
1 MNT = 0.003 MAD
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1 MAD = 4.646 MUR
1 MUR = 0.215 MAD
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1 MAD = 41.125 MRO
1 MRO = 0.024 MAD
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1 MAD = 1.589 MVR
1 MVR = 0.629 MAD
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1 MAD = 179.012 MWK
1 MWK = 0.006 MAD
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1 MAD = 0.180 NZD
1 NZD = 5.550 MAD
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1 MAD = 14.408 NPR
1 NPR = 0.069 MAD
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1 MAD = 5.907 PHP
1 PHP = 0.169 MAD
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1 MAD = 28.912 PKR
1 PKR = 0.035 MAD
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1 MAD = 146.963 RWF
1 RWF = 0.007 MAD
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1 MAD = 0.001 LTC
1 LTC = 865.263 MAD
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1 MAD = 2.082 MXN
1 MXN = 0.480 MAD
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1 MAD = 3.800 NIO
1 NIO = 0.263 MAD
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1 MAD = 0.472 RON
1 RON = 2.121 MAD
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1 MAD = 92.812 KPW
1 KPW = 0.011 MAD
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1 MAD = 0.086 KYD
1 KYD = 11.624 MAD
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1 MAD = 9251.562 LBP
1 LBP = 0.000 MAD
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1 MAD = 0.497 LYD
1 LYD = 2.012 MAD
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1 MAD = 2235.310 LAK
1 LAK = 0.000 MAD
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1 MAD = 481.196 MGA
1 MGA = 0.002 MAD
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1 MAD = 20.648 LRD
1 LRD = 0.048 MAD
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1 MAD = 5.831 MKD
1 MKD = 0.172 MAD
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1 MAD = 1.902 LSL
1 LSL = 0.526 MAD
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1 MAD = 0.826 MOP
1 MOP = 1.210 MAD
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1 MAD = 1.839 MDL
1 MDL = 0.544 MAD
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1 MAD = 1.902 NAD
1 NAD = 0.526 MAD
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1 MAD = 0.457 MYR
1 MYR = 2.188 MAD
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1 MAD = 0.040 OMR
1 OMR = 25.186 MAD
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1 MAD = 158.409 NGN
1 NGN = 0.006 MAD
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1 MAD = 0.416 PGK
1 PGK = 2.406 MAD
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1 MAD = 0.103 PAB
1 PAB = 9.697 MAD
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1 MAD = 0.378 PEN
1 PEN = 2.644 MAD
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1 MAD = 1.097 NOK
1 NOK = 0.912 MAD
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1 MAD = 0.397 PLN
1 PLN = 2.518 MAD
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1 MAD = 818.728 PYG
1 PYG = 0.001 MAD
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1 MAD = 0.376 QAR
1 QAR = 2.659 MAD
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1 MAD = 0.867 SBD
1 SBD = 1.153 MAD
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1 MAD = 0.387 SAR
1 SAR = 2.585 MAD
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1 MAD = 0.137 SGD
1 SGD = 7.277 MAD
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1 MAD = 2162.473 SLL
1 SLL = 0.000 MAD
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1 MAD = 3.485 THB
1 THB = 0.287 MAD
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1 MAD = 3.399 TWD
1 TWD = 0.294 MAD
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1 MAD = 4.289 UAH
1 UAH = 0.233 MAD
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1 MAD = 378.538 UGX
1 UGX = 0.003 MAD
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1 MAD = 3.730 SRD
1 SRD = 0.268 MAD
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1 MAD = 2297.803 STD
1 STD = 0.000 MAD
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1 MAD = 3.773 TRY
1 TRY = 0.265 MAD
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1 MAD = 0.701 TTD
1 TTD = 1.427 MAD
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1 MAD = 0.248 TOP
1 TOP = 4.027 MAD
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1 MAD = 1335.052 UZS
1 UZS = 0.001 MAD
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1 MAD = 25.446 YER
1 YER = 0.039 MAD
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1 MAD = 1.894 ZAR
1 ZAR = 0.528 MAD
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1 MAD = 11.093 RSD
1 RSD = 0.090 MAD
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1 MAD = 8.988 RUB
1 RUB = 0.111 MAD
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1 MAD = 59.001 SOS
1 SOS = 0.017 MAD
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1 MAD = 0.903 SVC
1 SVC = 1.107 MAD
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1 MAD = 1340.827 SYP
1 SYP = 0.001 MAD
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1 MAD = 1.902 SZL
1 SZL = 0.526 MAD
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1 MAD = 0.318 TND
1 TND = 3.144 MAD
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1 MAD = 4.375 UYU
1 UYU = 0.229 MAD
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1 MAD = 2627.050 VND
1 VND = 0.000 MAD
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1 MAD = 12.243 VUV
1 VUV = 0.082 MAD
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1 MAD = 0.289 WST
1 WST = 3.463 MAD
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1 MAD = 62.144 XAF
1 XAF = 0.016 MAD
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1 MAD = 0.279 XCD
1 XCD = 3.588 MAD
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1 MAD = 1.518 SCR
1 SCR = 0.659 MAD
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1 MAD = 1.041 SEK
1 SEK = 0.961 MAD
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1 MAD = 0.080 SHP
1 SHP = 12.566 MAD
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1 MAD = 272.765 TZS
1 TZS = 0.004 MAD
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1 MAD = 0.103 USD
1 USD = 9.697 MAD
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1 MAD = 11.306 XPF
1 XPF = 0.088 MAD
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1 MAD = 62.144 XOF
1 XOF = 0.016 MAD
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Evolution of the MAD Exchange Rate
The Moroccan dirham (MAD) exchange rate has experienced various fluctuations over time. In the early 2000s, the dirham saw a period of stability as it was pegged to a basket of currencies, including the euro and the US dollar. However, in recent years, the MAD has become more flexible, with the Moroccan central bank allowing it to adjust according to market forces.
Variations in the MAD Exchange Rate
The MAD exchange rate has shown both appreciations and depreciations against major currencies. Factors such as economic performance, trade balance, political stability, and global market conditions influence the variations in the MAD exchange rate. For instance, a strong tourism sector and foreign investments can lead to an appreciation of the MAD, while economic downturns or political instability can cause depreciation.
Significance of MAD in the Global Economy
The Moroccan dirham is not widely used as a reserve currency, and its significance in the global economy is relatively limited. However, Morocco's economy is heavily dependent on trade and foreign investments. Therefore, the MAD exchange rate plays a crucial role in determining the country's export competitiveness, import costs, and overall economic stability.
Shocks Experienced by MAD and Correlation with Other Currencies
The MAD exchange rate can be subject to external shocks, especially in times of global economic uncertainties or financial crises. For example, the global financial crisis in 2008 led to a depreciation of the MAD. The correlation of the MAD with other currencies depends on various factors, including trade relationships, investor sentiment, and global market dynamics. The MAD exchange rate has often exhibited positive correlations with the euro and the US dollar due to Morocco's economic ties with the European Union and the United States.