Convert Australian Dollar to Moroccan Dirham
Please provide values below to convert Australian Dollar [AUD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Australian Dollar.
How to Convert Australian Dollar to Moroccan Dirham
1 AUD = 0.169754559683847 MAD
Example: convert 15 AUD to MAD:
15 AUD = 15 × 0.169754559683847 MAD = 2.54631839525771 MAD
Australian Dollar to Moroccan Dirham Conversion Table
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
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.