Moroccan dirham
|
1 MAD = 0.151 AUD
1 AUD = 6.619 MAD
|
|
1 MAD = 84.572 ARS
1 ARS = 0.012 MAD
|
|
1 MAD = 284.911 BIF
1 BIF = 0.004 MAD
|
|
1 MAD = 0.038 BHD
1 BHD = 26.621 MAD
|
|
1 MAD = 0.688 BOB
1 BOB = 1.452 MAD
|
|
1 MAD = 0.169 AZN
1 AZN = 5.902 MAD
|
|
1 MAD = 8.248 BTN
1 BTN = 0.121 MAD
|
|
1 MAD = 50.968 CRC
1 CRC = 0.020 MAD
|
|
1 MAD = 2.310 CZK
1 CZK = 0.433 MAD
|
|
1 MAD = 0.716 CNY
1 CNY = 1.398 MAD
|
|
1 MAD = 0.681 DKK
1 DKK = 1.468 MAD
|
|
1 MAD = 5.657 ETB
1 ETB = 0.177 MAD
|
|
1 MAD = 856.400 GNF
1 GNF = 0.001 MAD
|
|
1 MAD = 0.688 HRK
1 HRK = 1.453 MAD
|
|
1 MAD = 1548.844 IDR
1 IDR = 0.001 MAD
|
|
1 MAD = 15.465 JMD
1 JMD = 0.065 MAD
|
|
1 MAD = 8.913 KGS
1 KGS = 0.112 MAD
|
|
1 MAD = 0.178 BAM
1 BAM = 5.611 MAD
|
|
1 MAD = 0.180 ANG
1 ANG = 5.569 MAD
|
|
1 MAD = 1.352 BWP
1 BWP = 0.740 MAD
|
|
1 MAD = 0.133 BND
1 BND = 7.542 MAD
|
|
1 MAD = 276.494 CDF
1 CDF = 0.004 MAD
|
|
1 MAD = 0.201 BZD
1 BZD = 4.979 MAD
|
|
1 MAD = 3253.877 BYR
1 BYR = 0.000 MAD
|
|
1 MAD = 0.178 BGN
1 BGN = 5.608 MAD
|
|
1 MAD = 0.135 CAD
1 CAD = 7.428 MAD
|
|
1 MAD = 13.399 DZD
1 DZD = 0.075 MAD
|
|
1 MAD = 1.495 ERN
1 ERN = 0.669 MAD
|
|
1 MAD = 4.864 EGP
1 EGP = 0.206 MAD
|
|
1 MAD = 0.223 FJD
1 FJD = 4.494 MAD
|
|
1 MAD = 0.078 GBP
1 GBP = 12.805 MAD
|
|
1 MAD = 0.078 FKP
1 FKP = 12.805 MAD
|
|
1 MAD = 0.778 GTQ
1 GTQ = 1.285 MAD
|
|
1 MAD = 0.780 HKD
1 HKD = 1.282 MAD
|
|
1 MAD = 36.402 HUF
1 HUF = 0.027 MAD
|
|
1 MAD = 130.522 IQD
1 IQD = 0.008 MAD
|
|
1 MAD = 4189.506 IRR
1 IRR = 0.000 MAD
|
|
1 MAD = 44.902 KMF
1 KMF = 0.022 MAD
|
|
1 MAD = 130.826 KRW
1 KRW = 0.008 MAD
|
|
1 MAD = 9.473 ALL
1 ALL = 0.106 MAD
|
|
1 MAD = 10.935 BDT
1 BDT = 0.091 MAD
|
|
1 MAD = 0.179 AWG
1 AWG = 5.574 MAD
|
|
1 MAD = 0.497 BRL
1 BRL = 2.014 MAD
|
|
1 MAD = 0.000 BCH
1 BCH = 4291.702 MAD
|
|
1 MAD = 0.000 BTC
1 BTC = 716714.286 MAD
|
|
1 MAD = 0.366 AED
1 AED = 2.732 MAD
|
|
1 MAD = 83.124 AOA
1 AOA = 0.012 MAD
|
|
1 MAD = 0.100 BSD
1 BSD = 10.034 MAD
|
|
1 MAD = 96.039 CLP
1 CLP = 0.010 MAD
|
|
1 MAD = 0.326 BYN
1 BYN = 3.067 MAD
|
|
1 MAD = 389.940 COP
1 COP = 0.003 MAD
|
|
1 MAD = 2.566 CUP
1 CUP = 0.390 MAD
|
|
1 MAD = 0.000 ETH
1 ETH = 40297.189 MAD
|
|
1 MAD = 0.091 EUR
1 EUR = 10.948 MAD
|
|
1 MAD = 2.461 HNL
1 HNL = 0.406 MAD
|
|
1 MAD = 6.774 GMD
1 GMD = 0.148 MAD
|
|
1 MAD = 0.078 GIP
1 GIP = 12.805 MAD
|
|
1 MAD = 13.210 HTG
1 HTG = 0.076 MAD
|
|
1 MAD = 0.071 JOD
1 JOD = 14.154 MAD
|
|
1 MAD = 14.730 JPY
1 JPY = 0.068 MAD
|
|
1 MAD = 7.068 AFN
1 AFN = 0.141 MAD
|
|
1 MAD = 0.199 BBD
1 BBD = 5.017 MAD
|
|
1 MAD = 0.100 BMD
1 BMD = 10.034 MAD
|
|
1 MAD = 40.133 AMD
1 AMD = 0.025 MAD
|
|
1 MAD = 0.088 CHF
1 CHF = 11.417 MAD
|
|
1 MAD = 17.743 DJF
1 DJF = 0.056 MAD
|
|
1 MAD = 5.889 DOP
1 DOP = 0.170 MAD
|
|
1 MAD = 10.048 CVE
1 CVE = 0.100 MAD
|
|
1 MAD = 0.265 GEL
1 GEL = 3.779 MAD
|
|
1 MAD = 1.277 GHS
1 GHS = 0.783 MAD
|
|
1 MAD = 20.867 GYD
1 GYD = 0.048 MAD
|
|
1 MAD = 0.365 ILS
1 ILS = 2.742 MAD
|
|
1 MAD = 8.251 INR
1 INR = 0.121 MAD
|
|
1 MAD = 13.583 ISK
1 ISK = 0.074 MAD
|
|
1 MAD = 403.513 KHR
1 KHR = 0.002 MAD
|
|
1 MAD = 13.853 KES
1 KES = 0.072 MAD
|
|
1 MAD = 0.031 KWD
1 KWD = 32.664 MAD
|
|
1 MAD = 44.713 KZT
1 KZT = 0.022 MAD
|
|
1 MAD = 30.606 LKR
1 LKR = 0.033 MAD
|
|
1 MAD = 1.000 MAD
1 MAD = 1.000 MAD
|
|
1 MAD = 209.240 MMK
1 MMK = 0.005 MAD
|
|
1 MAD = 343.831 MNT
1 MNT = 0.003 MAD
|
|
1 MAD = 4.563 MUR
1 MUR = 0.219 MAD
|
|
1 MAD = 39.618 MRO
1 MRO = 0.025 MAD
|
|
1 MAD = 1.535 MVR
1 MVR = 0.652 MAD
|
|
1 MAD = 167.718 MWK
1 MWK = 0.006 MAD
|
|
1 MAD = 0.162 NZD
1 NZD = 6.167 MAD
|
|
1 MAD = 13.196 NPR
1 NPR = 0.076 MAD
|
|
1 MAD = 5.522 PHP
1 PHP = 0.181 MAD
|
|
1 MAD = 27.813 PKR
1 PKR = 0.036 MAD
|
|
1 MAD = 127.880 RWF
1 RWF = 0.008 MAD
|
|
1 MAD = 0.001 LTC
1 LTC = 973.986 MAD
|
|
1 MAD = 1.678 MXN
1 MXN = 0.596 MAD
|
|
1 MAD = 3.667 NIO
1 NIO = 0.273 MAD
|
|
1 MAD = 0.454 RON
1 RON = 2.204 MAD
|
|
1 MAD = 89.695 KPW
1 KPW = 0.011 MAD
|
|
1 MAD = 0.083 KYD
1 KYD = 12.043 MAD
|
|
1 MAD = 8922.354 LBP
1 LBP = 0.000 MAD
|
|
1 MAD = 0.479 LYD
1 LYD = 2.088 MAD
|
|
1 MAD = 2079.390 LAK
1 LAK = 0.000 MAD
|
|
1 MAD = 448.443 MGA
1 MGA = 0.002 MAD
|
|
1 MAD = 19.095 LRD
1 LRD = 0.052 MAD
|
|
1 MAD = 5.628 MKD
1 MKD = 0.178 MAD
|
|
1 MAD = 1.851 LSL
1 LSL = 0.540 MAD
|
|
1 MAD = 0.803 MOP
1 MOP = 1.246 MAD
|
|
1 MAD = 1.749 MDL
1 MDL = 0.572 MAD
|
|
1 MAD = 1.851 NAD
1 NAD = 0.540 MAD
|
|
1 MAD = 0.466 MYR
1 MYR = 2.145 MAD
|
|
1 MAD = 0.038 OMR
1 OMR = 26.064 MAD
|
|
1 MAD = 156.985 NGN
1 NGN = 0.006 MAD
|
|
1 MAD = 0.381 PGK
1 PGK = 2.628 MAD
|
|
1 MAD = 0.100 PAB
1 PAB = 10.034 MAD
|
|
1 MAD = 0.368 PEN
1 PEN = 2.719 MAD
|
|
1 MAD = 1.048 NOK
1 NOK = 0.954 MAD
|
|
1 MAD = 0.392 PLN
1 PLN = 2.553 MAD
|
|
1 MAD = 726.378 PYG
1 PYG = 0.001 MAD
|
|
1 MAD = 0.363 QAR
1 QAR = 2.752 MAD
|
|
1 MAD = 0.841 SBD
1 SBD = 1.189 MAD
|
|
1 MAD = 0.374 SAR
1 SAR = 2.675 MAD
|
|
1 MAD = 0.133 SGD
1 SGD = 7.528 MAD
|
|
1 MAD = 2089.845 SLL
1 SLL = 0.000 MAD
|
|
1 MAD = 3.562 THB
1 THB = 0.281 MAD
|
|
1 MAD = 3.137 TWD
1 TWD = 0.319 MAD
|
|
1 MAD = 3.836 UAH
1 UAH = 0.261 MAD
|
|
1 MAD = 389.384 UGX
1 UGX = 0.003 MAD
|
|
1 MAD = 3.524 SRD
1 SRD = 0.284 MAD
|
|
1 MAD = 2220.630 STD
1 STD = 0.000 MAD
|
|
1 MAD = 3.194 TRY
1 TRY = 0.313 MAD
|
|
1 MAD = 0.677 TTD
1 TTD = 1.477 MAD
|
|
1 MAD = 0.235 TOP
1 TOP = 4.250 MAD
|
|
1 MAD = 1248.824 UZS
1 UZS = 0.001 MAD
|
|
1 MAD = 24.945 YER
1 YER = 0.040 MAD
|
|
1 MAD = 1.866 ZAR
1 ZAR = 0.536 MAD
|
|
1 MAD = 10.707 RSD
1 RSD = 0.093 MAD
|
|
1 MAD = 9.101 RUB
1 RUB = 0.110 MAD
|
|
1 MAD = 56.945 SOS
1 SOS = 0.018 MAD
|
|
1 MAD = 0.872 SVC
1 SVC = 1.147 MAD
|
|
1 MAD = 250.402 SYP
1 SYP = 0.004 MAD
|
|
1 MAD = 1.850 SZL
1 SZL = 0.541 MAD
|
|
1 MAD = 0.309 TND
1 TND = 3.240 MAD
|
|
1 MAD = 3.869 UYU
1 UYU = 0.258 MAD
|
|
1 MAD = 2456.827 VND
1 VND = 0.000 MAD
|
|
1 MAD = 11.832 VUV
1 VUV = 0.085 MAD
|
|
1 MAD = 0.279 WST
1 WST = 3.584 MAD
|
|
1 MAD = 59.914 XAF
1 XAF = 0.017 MAD
|
|
1 MAD = 0.269 XCD
1 XCD = 3.713 MAD
|
|
1 MAD = 1.339 SCR
1 SCR = 0.747 MAD
|
|
1 MAD = 1.022 SEK
1 SEK = 0.979 MAD
|
|
1 MAD = 0.078 SHP
1 SHP = 12.805 MAD
|
|
1 MAD = 254.073 TZS
1 TZS = 0.004 MAD
|
|
1 MAD = 0.100 USD
1 USD = 10.034 MAD
|
|
1 MAD = 10.900 XPF
1 XPF = 0.092 MAD
|
|
1 MAD = 59.914 XOF
1 XOF = 0.017 MAD
|
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.