Currency Moroccan Dirham US Dollar Market Insights and Statistics

The Moroccan Dirham (MAD) and the US Dollar (USD) have a complex exchange rate history. The MAD has been pegged to the French Franc since 1960, and later to the Euro in 2002.

As of 2022, the exchange rate between the two currencies is approximately 1 USD = 9.65 MAD. This rate can fluctuate depending on market conditions.

The Moroccan Dirham is widely accepted in Morocco, but the US Dollar is not. However, many businesses in popular tourist areas may accept USD, especially for large transactions.

The Moroccan dirham has a rich history dating back before 1882, when the new monetary system was introduced.

Before 1882, Morocco issued copper coins called falus, silver dirhams and golden benduqui.

The dirham became a multiple of the rial coins in 1882, marking a significant change in the country's currency.

In 1960, the country introduced the dirham again to replace francs, with 1 dirham equaling 100 francs.

This currency still circulated until 1974, showing the dirham's continued relevance in Morocco's economic history.

The Moroccan dirham is the official currency of Morocco, and its symbol is د.م.

You can exchange your US dollars for Moroccan dirhams at a rate of 1 US Dollar = 10.0196 Moroccan Dirham, as of January 15, 2025.

The current series of banknotes in circulation features 20, 50, 100, and 200 dirham notes. These notes are issued by Bank Al-Maghrib, the central bank of Morocco.

You can also find coins in circulation, including 5, 10, and 20 santimat, as well as ½, 1, 2, 5, and 10 dirham coins.

Here's a breakdown of the available banknotes and coins:

The Moroccan dirham (MAD) is the national currency of Morocco, and its exchange rate with the US dollar (USD) is a crucial aspect to consider when traveling or doing business in the region.

As of January 15, 2025, the exchange rate is 1 USD = 10.0196 MAD.

You can find the latest currency exchange rates, including a live currency converter and conversion table, on various websites. The rates are updated in real-time, so you can get the most up-to-date information.

Here's a snapshot of the exchange rate history for the last 14 days:

You can also invert these currencies to get the exchange rate for MAD to USD.

The Moroccan dirham is divided into 100 centimes, and the currency has a stable rate, making it a reliable choice for international transactions.

You can easily convert Moroccan Dirham to US Dollar using the exchange rates provided in the article. 1 Moroccan Dirham is equivalent to 0.098299 USD.

To give you a better idea, here's a breakdown of the conversion rates for different amounts of Moroccan Dirham: Amount (MAD)Equivalent in USD10.098299100.9829861009.829863100098.298628

Converting to USD is a straightforward process, especially with the help of currency conversion tools. You can convert Moroccan Dirham (MAD) to US Dollar (USD) with ease.

One Moroccan Dirham is equivalent to 0.098299 USD, making it a relatively weak currency compared to the US Dollar. This conversion rate is consistent across various denominations.

To give you a better idea, here's a rough breakdown of the conversion rates for different amounts of Moroccan Dirham:

Keep in mind that these conversion rates are subject to change, but they should give you a good idea of the current exchange rate.

Currency charts can be a powerful tool for understanding exchange rates. You can find charts that show the conversion of USD to various currencies, such as MAD.

The chart shows that converting $1 USD to MAD is equivalent to 10.02 MAD. It also shows that converting $100 USD to MAD is equivalent to 1001.96 MAD.

Converting larger amounts of USD can also be useful. For example, the chart shows that converting $2500 USD to MAD is equivalent to 25049.03 MAD.

If you're looking to convert a specific amount of USD to MAD, you can use the chart to find the equivalent amount. You can also use the chart to compare exchange rates between different currencies.

Here is a table showing some of the currencies listed in the chart, along with their equivalent values in MAD:

Keep in mind that exchange rates can fluctuate, so it's always a good idea to check the current rate before making a conversion.

The Moroccan Dirham is the official currency of Morocco, and it's used in the country for all financial transactions. The currency is denoted by the symbol MAD or DH.

The Moroccan Dirham is divided into 100 centimes, although centimes are not commonly used as a unit of exchange. You'll often hear people talking about dirhams, which are the main unit of currency.

Here are the denominations of coins and banknotes in circulation:

The Moroccan Dirham has a stable exchange rate, which is a great advantage for tourists and travelers. As of January 15, 2025, 1 US Dollar is equivalent to 10.0196 Moroccan Dirhams.

The current Moroccan dirham banknotes are an interesting mix of old and new.

The first dirham banknotes were overprints on earlier franc banknotes, which gives you an idea of the currency's history.

Today, you can find 20, 50, 100, and 200 dirham notes in circulation.

The 20 dirham note was introduced in 1996, marking a significant addition to the currency.

Both the old and new series of banknotes circulate together, with the new series featuring the effigy of King Mohammed VI and more modern security measures.

The colours of the banknotes have remained the same, but the design has changed to reflect the new monarch.

The current dirham coins in use are a result of several updates to the currency system.

In 2002, new legal tender coins were issued, gradually replacing the former series bearing the bust of King Hassan II.

The 5 and 10 dirham coins are now bimetallic, a change made to improve their durability and security.

1 centime coins are no longer minted, but they were never officially removed from circulation, so you might still see them in use.

A new 2 dirham denomination was introduced in 2002, expanding the range of coins available.

As of January 15th, 2025, the current exchange rate is 1 US Dollar equaling 10.0196 Moroccan Dirham.

The live currency rates are updated in real-time, so you can get the most up-to-date information.

On this page, you can convert USD to MAD using the live currency rates.

The conversion table on this page is a handy tool to quickly look up the exchange rate.

The exchange rate history for the last 7 days is also available, giving you an idea of the currency fluctuations.

The current exchange rate of 1 US Dollar equaling 10.0196 Moroccan Dirham is a useful piece of information to have.

The Moroccan dirham (MAD) is the official currency of Morocco. It's divided into 100 centimes, but you'll rarely see the centimes in use.

The dirham was introduced in 1961 as a replacement for the Moroccan franc. It's a stable currency with a fixed exchange rate.

You can exchange your money for dirhams at banks, currency exchange offices, or some hotels. Be aware that exchanging money at airports or tourist areas often comes with higher fees.

The current dirham banknotes in circulation are 20, 50, 100, and 200 dirhams. These notes are issued by Bank Al-Maghrib, the central bank of Morocco.

Here are the current denominations of dirham coins in circulation:

These coins are made of different materials, with ½, 1, 2, and 5 dirham coins being made of cupro-nickel, and 10 dirham coins being bimetallic.

You can check the latest currency exchange rates on websites like Bank Al-Maghrib's web page or online currency converters. As of January 15, 2025, 1 US Dollar is equivalent to 10.0196 Moroccan Dirham.

The Moroccan dirham is not used in other countries, so you won't be able to use it outside of Morocco. However, it's a widely accepted currency within the country, and you can use it to pay for goods and services.