The Moroccan Dirham (MAD) is the official currency of Morocco, a nation known for its diverse culture and historical significance. The MAD symbolizes economic strength and stability in Morocco, and its exchange rate holds significant importance in both local and international financial transactions.
Moroccan Dirham Latest Foreign Exchange Rates for 80+ Countries:
Where is Morocco on Map and What is its Official Currency?
MAD Exchange Rates in Perspective:
Morocco follows a managed floating exchange rate system, where the MAD’s value is influenced by factors like economic performance, inflation, and trade relationships with neighboring countries and global partners.
MAD vs. US Dollar (USD): The MAD to USD exchange rate is essential for Morocco’s international trade, as many transactions, including exports of agricultural products and textiles, are priced in USD.
MAD vs. Euro (EUR): Given Morocco’s geographical proximity to Europe and strong trade relations, the MAD to EUR rate is significant for businesses and travelers engaged in trade and tourism between Morocco and Eurozone countries.
MAD vs. Algerian Dinar (DZD): Morocco shares a border and trade ties with Algeria, making the MAD to DZD rate relevant for bilateral economic activities and cross-border trade.
MAD vs. Saudi Riyal (SAR): Morocco’s economic ties with Saudi Arabia make the MAD to SAR rate important for businesses and investors involved in Morocco-Saudi Arabia trade and investment.
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