Convert Moroccan Dirham to Euro
Please provide values below to convert Moroccan Dirham [MAD] to Euro [EUR], or Convert Euro to Moroccan Dirham.
How to Convert Moroccan Dirham to Euro
1 MAD = 10.5644423595637 EUR
Example: convert 15 MAD to EUR:
15 MAD = 15 × 10.5644423595637 EUR = 158.466635393456 EUR
Moroccan Dirham to Euro Conversion Table
| Moroccan Dirham | Euro |
|---|
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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.