Moroccan dirham
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1 MAD = 0.168 AUD
1 AUD = 5.944 MAD
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1 MAD = 139.977 ARS
1 ARS = 0.007 MAD
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1 MAD = 330.715 BIF
1 BIF = 0.003 MAD
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1 MAD = 0.042 BHD
1 BHD = 23.914 MAD
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1 MAD = 0.766 BOB
1 BOB = 1.305 MAD
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1 MAD = 0.189 AZN
1 AZN = 5.289 MAD
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1 MAD = 9.603 BTN
1 BTN = 0.104 MAD
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1 MAD = 56.095 CRC
1 CRC = 0.018 MAD
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1 MAD = 2.323 CZK
1 CZK = 0.431 MAD
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1 MAD = 0.795 CNY
1 CNY = 1.257 MAD
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1 MAD = 0.705 DKK
1 DKK = 1.419 MAD
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1 MAD = 15.237 ETB
1 ETB = 0.066 MAD
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1 MAD = 964.588 GNF
1 GNF = 0.001 MAD
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1 MAD = 0.781 HRK
1 HRK = 1.281 MAD
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1 MAD = 1810.021 IDR
1 IDR = 0.001 MAD
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1 MAD = 17.782 JMD
1 JMD = 0.056 MAD
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1 MAD = 9.728 KGS
1 KGS = 0.103 MAD
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1 MAD = 0.185 BAM
1 BAM = 5.414 MAD
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1 MAD = 0.200 ANG
1 ANG = 4.992 MAD
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1 MAD = 1.530 BWP
1 BWP = 0.654 MAD
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1 MAD = 0.142 BND
1 BND = 7.050 MAD
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1 MAD = 323.625 CDF
1 CDF = 0.003 MAD
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1 MAD = 0.223 BZD
1 BZD = 4.476 MAD
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1 MAD = 3634.966 BYR
1 BYR = 0.000 MAD
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1 MAD = 0.185 BGN
1 BGN = 5.414 MAD
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1 MAD = 0.151 CAD
1 CAD = 6.610 MAD
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1 MAD = 14.418 DZD
1 DZD = 0.069 MAD
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1 MAD = 1.668 ERN
1 ERN = 0.599 MAD
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1 MAD = 5.459 EGP
1 EGP = 0.183 MAD
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1 MAD = 0.249 FJD
1 FJD = 4.022 MAD
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1 MAD = 0.082 GBP
1 GBP = 12.212 MAD
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1 MAD = 0.082 FKP
1 FKP = 12.212 MAD
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1 MAD = 0.853 GTQ
1 GTQ = 1.173 MAD
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1 MAD = 0.873 HKD
1 HKD = 1.146 MAD
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1 MAD = 37.642 HUF
1 HUF = 0.027 MAD
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1 MAD = 145.466 IQD
1 IQD = 0.007 MAD
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1 MAD = 4677.368 IRR
1 IRR = 0.000 MAD
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1 MAD = 46.457 KMF
1 KMF = 0.022 MAD
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1 MAD = 152.103 KRW
1 KRW = 0.007 MAD
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1 MAD = 9.221 ALL
1 ALL = 0.108 MAD
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1 MAD = 13.521 BDT
1 BDT = 0.074 MAD
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1 MAD = 0.199 AWG
1 AWG = 5.023 MAD
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1 MAD = 0.614 BRL
1 BRL = 1.629 MAD
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1 MAD = 0.000 BCH
1 BCH = 4656.567 MAD
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1 MAD = 0.000 BTC
1 BTC = 1123978.750 MAD
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1 MAD = 0.408 AED
1 AED = 2.448 MAD
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1 MAD = 101.700 AOA
1 AOA = 0.010 MAD
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1 MAD = 0.111 BSD
1 BSD = 8.992 MAD
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1 MAD = 105.497 CLP
1 CLP = 0.009 MAD
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1 MAD = 0.364 BYN
1 BYN = 2.747 MAD
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1 MAD = 448.998 COP
1 COP = 0.002 MAD
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1 MAD = 2.662 CUP
1 CUP = 0.376 MAD
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1 MAD = 0.000 ETH
1 ETH = 31885.922 MAD
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1 MAD = 0.094 EUR
1 EUR = 10.590 MAD
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1 MAD = 2.910 HNL
1 HNL = 0.344 MAD
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1 MAD = 8.019 GMD
1 GMD = 0.125 MAD
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1 MAD = 0.082 GIP
1 GIP = 12.212 MAD
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1 MAD = 14.560 HTG
1 HTG = 0.069 MAD
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1 MAD = 0.079 JOD
1 JOD = 12.682 MAD
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1 MAD = 16.241 JPY
1 JPY = 0.062 MAD
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1 MAD = 7.682 AFN
1 AFN = 0.130 MAD
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1 MAD = 0.222 BBD
1 BBD = 4.496 MAD
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1 MAD = 0.111 BMD
1 BMD = 8.992 MAD
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1 MAD = 42.468 AMD
1 AMD = 0.024 MAD
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1 MAD = 0.088 CHF
1 CHF = 11.356 MAD
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1 MAD = 19.760 DJF
1 DJF = 0.051 MAD
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1 MAD = 6.710 DOP
1 DOP = 0.149 MAD
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1 MAD = 10.413 CVE
1 CVE = 0.096 MAD
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1 MAD = 0.301 GEL
1 GEL = 3.320 MAD
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1 MAD = 1.161 GHS
1 GHS = 0.861 MAD
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1 MAD = 23.173 GYD
1 GYD = 0.043 MAD
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1 MAD = 0.370 ILS
1 ILS = 2.700 MAD
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1 MAD = 9.603 INR
1 INR = 0.104 MAD
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1 MAD = 13.429 ISK
1 ISK = 0.074 MAD
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1 MAD = 444.839 KHR
1 KHR = 0.002 MAD
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1 MAD = 14.337 KES
1 KES = 0.070 MAD
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1 MAD = 0.034 KWD
1 KWD = 29.474 MAD
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1 MAD = 59.855 KZT
1 KZT = 0.017 MAD
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1 MAD = 33.456 LKR
1 LKR = 0.030 MAD
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1 MAD = 1.000 MAD
1 MAD = 1.000 MAD
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1 MAD = 233.450 MMK
1 MMK = 0.004 MAD
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1 MAD = 399.257 MNT
1 MNT = 0.003 MAD
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1 MAD = 5.042 MUR
1 MUR = 0.198 MAD
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1 MAD = 44.074 MRO
1 MRO = 0.023 MAD
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1 MAD = 1.717 MVR
1 MVR = 0.582 MAD
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1 MAD = 192.452 MWK
1 MWK = 0.005 MAD
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1 MAD = 0.184 NZD
1 NZD = 5.444 MAD
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1 MAD = 15.372 NPR
1 NPR = 0.065 MAD
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1 MAD = 6.297 PHP
1 PHP = 0.159 MAD
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1 MAD = 31.633 PKR
1 PKR = 0.032 MAD
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1 MAD = 160.254 RWF
1 RWF = 0.006 MAD
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1 MAD = 0.001 LTC
1 LTC = 1022.380 MAD
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1 MAD = 2.062 MXN
1 MXN = 0.485 MAD
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1 MAD = 4.088 NIO
1 NIO = 0.245 MAD
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1 MAD = 0.479 RON
1 RON = 2.089 MAD
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1 MAD = 100.091 KPW
1 KPW = 0.010 MAD
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1 MAD = 0.092 KYD
1 KYD = 10.826 MAD
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1 MAD = 9970.929 LBP
1 LBP = 0.000 MAD
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1 MAD = 0.601 LYD
1 LYD = 1.665 MAD
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1 MAD = 2397.732 LAK
1 LAK = 0.000 MAD
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1 MAD = 489.449 MGA
1 MGA = 0.002 MAD
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1 MAD = 22.277 LRD
1 LRD = 0.045 MAD
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1 MAD = 5.831 MKD
1 MKD = 0.171 MAD
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1 MAD = 1.950 LSL
1 LSL = 0.513 MAD
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1 MAD = 0.899 MOP
1 MOP = 1.112 MAD
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1 MAD = 1.883 MDL
1 MDL = 0.531 MAD
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1 MAD = 1.950 NAD
1 NAD = 0.513 MAD
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1 MAD = 0.469 MYR
1 MYR = 2.130 MAD
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1 MAD = 0.043 OMR
1 OMR = 23.365 MAD
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1 MAD = 169.534 NGN
1 NGN = 0.006 MAD
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1 MAD = 0.467 PGK
1 PGK = 2.140 MAD
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1 MAD = 0.111 PAB
1 PAB = 8.992 MAD
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1 MAD = 0.395 PEN
1 PEN = 2.530 MAD
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1 MAD = 1.123 NOK
1 NOK = 0.890 MAD
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1 MAD = 0.401 PLN
1 PLN = 2.491 MAD
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1 MAD = 861.283 PYG
1 PYG = 0.001 MAD
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1 MAD = 0.405 QAR
1 QAR = 2.470 MAD
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1 MAD = 0.935 SBD
1 SBD = 1.069 MAD
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1 MAD = 0.417 SAR
1 SAR = 2.398 MAD
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1 MAD = 0.142 SGD
1 SGD = 7.050 MAD
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1 MAD = 2524.336 SLL
1 SLL = 0.000 MAD
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1 MAD = 3.574 THB
1 THB = 0.280 MAD
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1 MAD = 3.258 TWD
1 TWD = 0.307 MAD
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1 MAD = 4.645 UAH
1 UAH = 0.215 MAD
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1 MAD = 398.898 UGX
1 UGX = 0.003 MAD
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1 MAD = 4.065 SRD
1 SRD = 0.246 MAD
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1 MAD = 2336.310 STD
1 STD = 0.000 MAD
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1 MAD = 4.501 TRY
1 TRY = 0.222 MAD
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1 MAD = 0.754 TTD
1 TTD = 1.326 MAD
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1 MAD = 0.265 TOP
1 TOP = 3.769 MAD
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1 MAD = 1415.085 UZS
1 UZS = 0.001 MAD
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1 MAD = 26.797 YER
1 YER = 0.037 MAD
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1 MAD = 1.950 ZAR
1 ZAR = 0.513 MAD
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1 MAD = 11.063 RSD
1 RSD = 0.090 MAD
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1 MAD = 8.719 RUB
1 RUB = 0.115 MAD
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1 MAD = 63.443 SOS
1 SOS = 0.016 MAD
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1 MAD = 0.973 SVC
1 SVC = 1.028 MAD
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1 MAD = 1445.957 SYP
1 SYP = 0.001 MAD
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1 MAD = 1.950 SZL
1 SZL = 0.513 MAD
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1 MAD = 0.319 TND
1 TND = 3.137 MAD
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1 MAD = 4.455 UYU
1 UYU = 0.224 MAD
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1 MAD = 2907.439 VND
1 VND = 0.000 MAD
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1 MAD = 13.287 VUV
1 VUV = 0.075 MAD
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1 MAD = 0.304 WST
1 WST = 3.289 MAD
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1 MAD = 61.943 XAF
1 XAF = 0.016 MAD
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1 MAD = 0.301 XCD
1 XCD = 3.323 MAD
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1 MAD = 1.619 SCR
1 SCR = 0.618 MAD
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1 MAD = 1.057 SEK
1 SEK = 0.946 MAD
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1 MAD = 0.082 SHP
1 SHP = 12.212 MAD
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1 MAD = 287.981 TZS
1 TZS = 0.003 MAD
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1 MAD = 0.111 USD
1 USD = 8.992 MAD
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1 MAD = 11.269 XPF
1 XPF = 0.089 MAD
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1 MAD = 61.943 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.