Convert Moroccan Dirham to Aruban Florin
Please provide values below to convert Moroccan Dirham [MAD] to Aruban Florin [AWG], or Convert Aruban Florin to Moroccan Dirham.
How to Convert Moroccan Dirham to Aruban Florin
1 MAD = 5.03256983240223 AWG
Example: convert 15 MAD to AWG:
15 MAD = 15 × 5.03256983240223 AWG = 75.4885474860335 AWG
Moroccan Dirham to Aruban Florin Conversion Table
| Moroccan Dirham | Aruban Florin |
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
Aruban Florin
The Aruban Florin (AWG) is the official currency of Aruba, used as a medium of exchange within the country.
History/Origin
The Aruban Florin was introduced in 1986, replacing the Netherlands Antillean Guilder at par, to establish a distinct national currency for Aruba.
Current Use
The AWG is widely used in Aruba for all daily transactions, banking, and trade, and is pegged to the US dollar at a fixed rate.