Moroccan dirham
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1 MAD = 0.170 AUD
1 AUD = 5.897 MAD
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1 MAD = 145.784 ARS
1 ARS = 0.007 MAD
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1 MAD = 328.806 BIF
1 BIF = 0.003 MAD
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1 MAD = 0.042 BHD
1 BHD = 24.021 MAD
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1 MAD = 0.767 BOB
1 BOB = 1.304 MAD
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1 MAD = 0.188 AZN
1 AZN = 5.313 MAD
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1 MAD = 9.709 BTN
1 BTN = 0.103 MAD
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1 MAD = 55.988 CRC
1 CRC = 0.018 MAD
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1 MAD = 2.320 CZK
1 CZK = 0.431 MAD
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1 MAD = 0.795 CNY
1 CNY = 1.258 MAD
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1 MAD = 0.707 DKK
1 DKK = 1.414 MAD
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1 MAD = 15.486 ETB
1 ETB = 0.065 MAD
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1 MAD = 961.068 GNF
1 GNF = 0.001 MAD
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1 MAD = 0.714 HRK
1 HRK = 1.400 MAD
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1 MAD = 1797.752 IDR
1 IDR = 0.001 MAD
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1 MAD = 17.718 JMD
1 JMD = 0.056 MAD
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1 MAD = 9.680 KGS
1 KGS = 0.103 MAD
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1 MAD = 0.185 BAM
1 BAM = 5.394 MAD
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1 MAD = 0.199 ANG
1 ANG = 5.014 MAD
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1 MAD = 1.544 BWP
1 BWP = 0.648 MAD
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1 MAD = 0.142 BND
1 BND = 7.041 MAD
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1 MAD = 322.078 CDF
1 CDF = 0.003 MAD
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1 MAD = 0.223 BZD
1 BZD = 4.485 MAD
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1 MAD = 3659.212 BYR
1 BYR = 0.000 MAD
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1 MAD = 0.185 BGN
1 BGN = 5.394 MAD
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1 MAD = 0.153 CAD
1 CAD = 6.554 MAD
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1 MAD = 14.380 DZD
1 DZD = 0.070 MAD
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1 MAD = 1.661 ERN
1 ERN = 0.602 MAD
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1 MAD = 5.361 EGP
1 EGP = 0.187 MAD
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1 MAD = 0.250 FJD
1 FJD = 4.008 MAD
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1 MAD = 0.082 GBP
1 GBP = 12.195 MAD
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1 MAD = 0.082 FKP
1 FKP = 12.195 MAD
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1 MAD = 0.849 GTQ
1 GTQ = 1.178 MAD
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1 MAD = 0.869 HKD
1 HKD = 1.151 MAD
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1 MAD = 37.500 HUF
1 HUF = 0.027 MAD
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1 MAD = 145.084 IQD
1 IQD = 0.007 MAD
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1 MAD = 4659.311 IRR
1 IRR = 0.000 MAD
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1 MAD = 46.638 KMF
1 KMF = 0.021 MAD
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1 MAD = 153.141 KRW
1 KRW = 0.007 MAD
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1 MAD = 9.224 ALL
1 ALL = 0.108 MAD
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1 MAD = 13.461 BDT
1 BDT = 0.074 MAD
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1 MAD = 0.198 AWG
1 AWG = 5.046 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 = 5530.925 MAD
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1 MAD = 0.000 BTC
1 BTC = 1129000.000 MAD
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1 MAD = 0.407 AED
1 AED = 2.459 MAD
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1 MAD = 101.406 AOA
1 AOA = 0.010 MAD
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1 MAD = 0.111 BSD
1 BSD = 9.032 MAD
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1 MAD = 105.877 CLP
1 CLP = 0.009 MAD
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1 MAD = 0.366 BYN
1 BYN = 2.733 MAD
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1 MAD = 444.916 COP
1 COP = 0.002 MAD
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1 MAD = 2.658 CUP
1 CUP = 0.376 MAD
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1 MAD = 0.000 ETH
1 ETH = 42009.302 MAD
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1 MAD = 0.095 EUR
1 EUR = 10.549 MAD
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1 MAD = 2.905 HNL
1 HNL = 0.344 MAD
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1 MAD = 8.046 GMD
1 GMD = 0.124 MAD
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1 MAD = 0.082 GIP
1 GIP = 12.195 MAD
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1 MAD = 14.572 HTG
1 HTG = 0.069 MAD
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1 MAD = 0.078 JOD
1 JOD = 12.739 MAD
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1 MAD = 16.385 JPY
1 JPY = 0.061 MAD
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1 MAD = 7.567 AFN
1 AFN = 0.132 MAD
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1 MAD = 0.221 BBD
1 BBD = 4.516 MAD
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1 MAD = 0.111 BMD
1 BMD = 9.032 MAD
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1 MAD = 42.469 AMD
1 AMD = 0.024 MAD
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1 MAD = 0.089 CHF
1 CHF = 11.196 MAD
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1 MAD = 19.707 DJF
1 DJF = 0.051 MAD
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1 MAD = 6.784 DOP
1 DOP = 0.147 MAD
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1 MAD = 10.453 CVE
1 CVE = 0.096 MAD
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1 MAD = 0.299 GEL
1 GEL = 3.350 MAD
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1 MAD = 1.167 GHS
1 GHS = 0.857 MAD
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1 MAD = 23.160 GYD
1 GYD = 0.043 MAD
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1 MAD = 0.378 ILS
1 ILS = 2.648 MAD
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1 MAD = 9.709 INR
1 INR = 0.103 MAD
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1 MAD = 13.577 ISK
1 ISK = 0.074 MAD
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1 MAD = 443.431 KHR
1 KHR = 0.002 MAD
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1 MAD = 14.317 KES
1 KES = 0.070 MAD
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1 MAD = 0.034 KWD
1 KWD = 29.559 MAD
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1 MAD = 59.578 KZT
1 KZT = 0.017 MAD
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1 MAD = 33.325 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 = 232.436 MMK
1 MMK = 0.004 MAD
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1 MAD = 397.520 MNT
1 MNT = 0.003 MAD
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1 MAD = 5.020 MUR
1 MUR = 0.199 MAD
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1 MAD = 44.274 MRO
1 MRO = 0.023 MAD
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1 MAD = 1.709 MVR
1 MVR = 0.585 MAD
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1 MAD = 192.083 MWK
1 MWK = 0.005 MAD
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1 MAD = 0.186 NZD
1 NZD = 5.379 MAD
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1 MAD = 15.541 NPR
1 NPR = 0.064 MAD
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1 MAD = 6.300 PHP
1 PHP = 0.159 MAD
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1 MAD = 31.357 PKR
1 PKR = 0.032 MAD
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1 MAD = 159.945 RWF
1 RWF = 0.006 MAD
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1 MAD = 0.001 LTC
1 LTC = 1206.358 MAD
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1 MAD = 2.057 MXN
1 MXN = 0.486 MAD
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1 MAD = 4.072 NIO
1 NIO = 0.246 MAD
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1 MAD = 0.480 RON
1 RON = 2.084 MAD
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1 MAD = 99.645 KPW
1 KPW = 0.010 MAD
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1 MAD = 0.092 KYD
1 KYD = 10.905 MAD
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1 MAD = 9943.844 LBP
1 LBP = 0.000 MAD
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1 MAD = 0.601 LYD
1 LYD = 1.663 MAD
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1 MAD = 2393.313 LAK
1 LAK = 0.000 MAD
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1 MAD = 488.058 MGA
1 MGA = 0.002 MAD
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1 MAD = 22.215 LRD
1 LRD = 0.045 MAD
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1 MAD = 5.851 MKD
1 MKD = 0.171 MAD
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1 MAD = 1.946 LSL
1 LSL = 0.514 MAD
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1 MAD = 0.895 MOP
1 MOP = 1.117 MAD
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1 MAD = 1.857 MDL
1 MDL = 0.538 MAD
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1 MAD = 1.946 NAD
1 NAD = 0.514 MAD
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1 MAD = 0.467 MYR
1 MYR = 2.141 MAD
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1 MAD = 0.043 OMR
1 OMR = 23.463 MAD
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1 MAD = 169.891 NGN
1 NGN = 0.006 MAD
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1 MAD = 0.467 PGK
1 PGK = 2.143 MAD
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1 MAD = 0.111 PAB
1 PAB = 9.032 MAD
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1 MAD = 0.390 PEN
1 PEN = 2.562 MAD
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1 MAD = 1.131 NOK
1 NOK = 0.884 MAD
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1 MAD = 0.403 PLN
1 PLN = 2.479 MAD
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1 MAD = 830.862 PYG
1 PYG = 0.001 MAD
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1 MAD = 0.403 QAR
1 QAR = 2.481 MAD
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1 MAD = 0.932 SBD
1 SBD = 1.073 MAD
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1 MAD = 0.415 SAR
1 SAR = 2.409 MAD
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1 MAD = 0.142 SGD
1 SGD = 7.041 MAD
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1 MAD = 2518.822 SLL
1 SLL = 0.000 MAD
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1 MAD = 3.580 THB
1 THB = 0.279 MAD
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1 MAD = 3.320 TWD
1 TWD = 0.301 MAD
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1 MAD = 4.599 UAH
1 UAH = 0.217 MAD
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1 MAD = 394.068 UGX
1 UGX = 0.003 MAD
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1 MAD = 4.140 SRD
1 SRD = 0.242 MAD
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1 MAD = 2346.789 STD
1 STD = 0.000 MAD
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1 MAD = 4.511 TRY
1 TRY = 0.222 MAD
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1 MAD = 0.751 TTD
1 TTD = 1.331 MAD
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1 MAD = 0.265 TOP
1 TOP = 3.779 MAD
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1 MAD = 1389.260 UZS
1 UZS = 0.001 MAD
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1 MAD = 26.603 YER
1 YER = 0.038 MAD
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1 MAD = 1.946 ZAR
1 ZAR = 0.514 MAD
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1 MAD = 11.108 RSD
1 RSD = 0.090 MAD
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1 MAD = 8.822 RUB
1 RUB = 0.113 MAD
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1 MAD = 63.266 SOS
1 SOS = 0.016 MAD
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1 MAD = 0.969 SVC
1 SVC = 1.032 MAD
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1 MAD = 1439.526 SYP
1 SYP = 0.001 MAD
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1 MAD = 1.946 SZL
1 SZL = 0.514 MAD
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1 MAD = 0.319 TND
1 TND = 3.136 MAD
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1 MAD = 4.435 UYU
1 UYU = 0.225 MAD
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1 MAD = 2907.916 VND
1 VND = 0.000 MAD
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1 MAD = 13.230 VUV
1 VUV = 0.076 MAD
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1 MAD = 0.294 WST
1 WST = 3.399 MAD
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1 MAD = 62.182 XAF
1 XAF = 0.016 MAD
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1 MAD = 0.300 XCD
1 XCD = 3.338 MAD
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1 MAD = 1.636 SCR
1 SCR = 0.611 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 = 12.195 MAD
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1 MAD = 282.077 TZS
1 TZS = 0.004 MAD
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1 MAD = 0.111 USD
1 USD = 9.032 MAD
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1 MAD = 11.312 XPF
1 XPF = 0.088 MAD
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1 MAD = 62.182 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.