Moroccan dirham
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1 MAD = 0.166 AUD
1 AUD = 6.018 MAD
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1 MAD = 160.848 ARS
1 ARS = 0.006 MAD
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1 MAD = 318.760 BIF
1 BIF = 0.003 MAD
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1 MAD = 0.041 BHD
1 BHD = 24.561 MAD
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1 MAD = 0.748 BOB
1 BOB = 1.338 MAD
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1 MAD = 0.184 AZN
1 AZN = 5.432 MAD
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1 MAD = 9.509 BTN
1 BTN = 0.105 MAD
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1 MAD = 54.383 CRC
1 CRC = 0.018 MAD
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1 MAD = 2.268 CZK
1 CZK = 0.441 MAD
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1 MAD = 0.771 CNY
1 CNY = 1.297 MAD
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1 MAD = 0.697 DKK
1 DKK = 1.436 MAD
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1 MAD = 16.334 ETB
1 ETB = 0.061 MAD
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1 MAD = 939.518 GNF
1 GNF = 0.001 MAD
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1 MAD = 0.703 HRK
1 HRK = 1.423 MAD
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1 MAD = 1798.062 IDR
1 IDR = 0.001 MAD
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1 MAD = 17.371 JMD
1 JMD = 0.058 MAD
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1 MAD = 9.471 KGS
1 KGS = 0.106 MAD
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1 MAD = 0.182 BAM
1 BAM = 5.483 MAD
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1 MAD = 0.195 ANG
1 ANG = 5.130 MAD
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1 MAD = 1.524 BWP
1 BWP = 0.656 MAD
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1 MAD = 0.141 BND
1 BND = 7.112 MAD
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1 MAD = 246.737 CDF
1 CDF = 0.004 MAD
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1 MAD = 0.218 BZD
1 BZD = 4.590 MAD
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1 MAD = 3686.833 BYR
1 BYR = 0.000 MAD
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1 MAD = 0.182 BGN
1 BGN = 5.483 MAD
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1 MAD = 0.152 CAD
1 CAD = 6.599 MAD
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1 MAD = 14.126 DZD
1 DZD = 0.071 MAD
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1 MAD = 1.624 ERN
1 ERN = 0.616 MAD
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1 MAD = 5.148 EGP
1 EGP = 0.194 MAD
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1 MAD = 0.249 FJD
1 FJD = 4.017 MAD
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1 MAD = 0.081 GBP
1 GBP = 12.299 MAD
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1 MAD = 0.081 FKP
1 FKP = 12.299 MAD
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1 MAD = 0.829 GTQ
1 GTQ = 1.206 MAD
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1 MAD = 0.841 HKD
1 HKD = 1.188 MAD
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1 MAD = 36.433 HUF
1 HUF = 0.027 MAD
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1 MAD = 142.021 IQD
1 IQD = 0.007 MAD
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1 MAD = 4551.673 IRR
1 IRR = 0.000 MAD
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1 MAD = 45.877 KMF
1 KMF = 0.022 MAD
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1 MAD = 155.638 KRW
1 KRW = 0.006 MAD
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1 MAD = 9.010 ALL
1 ALL = 0.111 MAD
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1 MAD = 13.244 BDT
1 BDT = 0.076 MAD
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1 MAD = 0.194 AWG
1 AWG = 5.159 MAD
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1 MAD = 0.583 BRL
1 BRL = 1.716 MAD
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1 MAD = 0.002 BCH
1 BCH = 449.830 MAD
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1 MAD = 0.000 BTC
1 BTC = 1026111.111 MAD
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1 MAD = 0.398 AED
1 AED = 2.515 MAD
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1 MAD = 99.069 AOA
1 AOA = 0.010 MAD
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1 MAD = 0.108 BSD
1 BSD = 9.235 MAD
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1 MAD = 102.495 CLP
1 CLP = 0.010 MAD
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1 MAD = 0.369 BYN
1 BYN = 2.712 MAD
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1 MAD = 420.195 COP
1 COP = 0.002 MAD
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1 MAD = 2.596 CUP
1 CUP = 0.385 MAD
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1 MAD = 0.000 ETH
1 ETH = 36215.686 MAD
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1 MAD = 0.093 EUR
1 EUR = 10.724 MAD
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1 MAD = 2.845 HNL
1 HNL = 0.352 MAD
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1 MAD = 7.910 GMD
1 GMD = 0.126 MAD
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1 MAD = 0.081 GIP
1 GIP = 12.299 MAD
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1 MAD = 14.171 HTG
1 HTG = 0.071 MAD
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1 MAD = 0.077 JOD
1 JOD = 13.025 MAD
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1 MAD = 16.526 JPY
1 JPY = 0.061 MAD
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1 MAD = 7.188 AFN
1 AFN = 0.139 MAD
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1 MAD = 0.217 BBD
1 BBD = 4.618 MAD
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1 MAD = 0.108 BMD
1 BMD = 9.235 MAD
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1 MAD = 41.300 AMD
1 AMD = 0.024 MAD
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1 MAD = 0.086 CHF
1 CHF = 11.608 MAD
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1 MAD = 19.279 DJF
1 DJF = 0.052 MAD
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1 MAD = 6.910 DOP
1 DOP = 0.145 MAD
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1 MAD = 10.283 CVE
1 CVE = 0.097 MAD
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1 MAD = 0.295 GEL
1 GEL = 3.392 MAD
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1 MAD = 1.169 GHS
1 GHS = 0.855 MAD
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1 MAD = 22.635 GYD
1 GYD = 0.044 MAD
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1 MAD = 0.356 ILS
1 ILS = 2.807 MAD
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1 MAD = 9.509 INR
1 INR = 0.105 MAD
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1 MAD = 13.260 ISK
1 ISK = 0.075 MAD
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1 MAD = 437.011 KHR
1 KHR = 0.002 MAD
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1 MAD = 13.979 KES
1 KES = 0.072 MAD
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1 MAD = 0.033 KWD
1 KWD = 30.120 MAD
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1 MAD = 58.202 KZT
1 KZT = 0.017 MAD
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1 MAD = 32.812 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 = 227.357 MMK
1 MMK = 0.004 MAD
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1 MAD = 389.317 MNT
1 MNT = 0.003 MAD
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1 MAD = 4.930 MUR
1 MUR = 0.203 MAD
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1 MAD = 43.365 MRO
1 MRO = 0.023 MAD
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1 MAD = 1.668 MVR
1 MVR = 0.599 MAD
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1 MAD = 187.923 MWK
1 MWK = 0.005 MAD
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1 MAD = 0.188 NZD
1 NZD = 5.314 MAD
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1 MAD = 15.220 NPR
1 NPR = 0.066 MAD
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1 MAD = 6.347 PHP
1 PHP = 0.158 MAD
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1 MAD = 30.593 PKR
1 PKR = 0.033 MAD
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1 MAD = 156.959 RWF
1 RWF = 0.006 MAD
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1 MAD = 0.001 LTC
1 LTC = 874.609 MAD
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1 MAD = 1.992 MXN
1 MXN = 0.502 MAD
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1 MAD = 3.981 NIO
1 NIO = 0.251 MAD
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1 MAD = 0.474 RON
1 RON = 2.109 MAD
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1 MAD = 97.454 KPW
1 KPW = 0.010 MAD
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1 MAD = 0.090 KYD
1 KYD = 11.110 MAD
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1 MAD = 9704.721 LBP
1 LBP = 0.000 MAD
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1 MAD = 0.589 LYD
1 LYD = 1.698 MAD
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1 MAD = 2347.612 LAK
1 LAK = 0.000 MAD
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1 MAD = 484.597 MGA
1 MGA = 0.002 MAD
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1 MAD = 19.800 LRD
1 LRD = 0.051 MAD
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1 MAD = 5.747 MKD
1 MKD = 0.174 MAD
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1 MAD = 1.874 LSL
1 LSL = 0.534 MAD
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1 MAD = 0.867 MOP
1 MOP = 1.154 MAD
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1 MAD = 1.837 MDL
1 MDL = 0.544 MAD
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1 MAD = 1.874 NAD
1 NAD = 0.534 MAD
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1 MAD = 0.458 MYR
1 MYR = 2.184 MAD
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1 MAD = 0.042 OMR
1 OMR = 23.998 MAD
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1 MAD = 158.291 NGN
1 NGN = 0.006 MAD
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1 MAD = 0.455 PGK
1 PGK = 2.197 MAD
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1 MAD = 0.108 PAB
1 PAB = 9.235 MAD
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1 MAD = 0.367 PEN
1 PEN = 2.722 MAD
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1 MAD = 1.081 NOK
1 NOK = 0.925 MAD
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1 MAD = 0.394 PLN
1 PLN = 2.536 MAD
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1 MAD = 765.649 PYG
1 PYG = 0.001 MAD
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1 MAD = 0.394 QAR
1 QAR = 2.537 MAD
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1 MAD = 0.918 SBD
1 SBD = 1.090 MAD
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1 MAD = 0.406 SAR
1 SAR = 2.463 MAD
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1 MAD = 0.141 SGD
1 SGD = 7.112 MAD
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1 MAD = 2502.555 SLL
1 SLL = 0.000 MAD
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1 MAD = 3.550 THB
1 THB = 0.282 MAD
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1 MAD = 3.332 TWD
1 TWD = 0.300 MAD
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1 MAD = 4.535 UAH
1 UAH = 0.220 MAD
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1 MAD = 377.872 UGX
1 UGX = 0.003 MAD
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1 MAD = 4.304 SRD
1 SRD = 0.232 MAD
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1 MAD = 2301.494 STD
1 STD = 0.000 MAD
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1 MAD = 4.546 TRY
1 TRY = 0.220 MAD
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1 MAD = 0.734 TTD
1 TTD = 1.362 MAD
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1 MAD = 0.260 TOP
1 TOP = 3.845 MAD
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1 MAD = 1310.796 UZS
1 UZS = 0.001 MAD
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1 MAD = 25.872 YER
1 YER = 0.039 MAD
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1 MAD = 1.874 ZAR
1 ZAR = 0.534 MAD
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1 MAD = 10.930 RSD
1 RSD = 0.091 MAD
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1 MAD = 8.800 RUB
1 RUB = 0.114 MAD
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1 MAD = 61.593 SOS
1 SOS = 0.016 MAD
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1 MAD = 0.947 SVC
1 SVC = 1.055 MAD
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1 MAD = 1197.282 SYP
1 SYP = 0.001 MAD
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1 MAD = 1.874 SZL
1 SZL = 0.534 MAD
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1 MAD = 0.318 TND
1 TND = 3.144 MAD
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1 MAD = 4.306 UYU
1 UYU = 0.232 MAD
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1 MAD = 2851.164 VND
1 VND = 0.000 MAD
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1 MAD = 13.207 VUV
1 VUV = 0.076 MAD
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1 MAD = 0.304 WST
1 WST = 3.290 MAD
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1 MAD = 61.169 XAF
1 XAF = 0.016 MAD
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1 MAD = 0.293 XCD
1 XCD = 3.411 MAD
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1 MAD = 1.525 SCR
1 SCR = 0.656 MAD
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1 MAD = 1.018 SEK
1 SEK = 0.982 MAD
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1 MAD = 0.081 SHP
1 SHP = 12.299 MAD
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1 MAD = 269.166 TZS
1 TZS = 0.004 MAD
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1 MAD = 0.108 USD
1 USD = 9.235 MAD
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1 MAD = 11.128 XPF
1 XPF = 0.090 MAD
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1 MAD = 61.169 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.