Convert Moroccan Dirham to Australian Dollar
Please provide values below to convert Moroccan Dirham [MAD] to Australian Dollar [AUD], or Convert Australian Dollar to Moroccan Dirham.
How to Convert Moroccan Dirham to Australian Dollar
1 MAD = 5.89085796494899 AUD
Example: convert 15 MAD to AUD:
15 MAD = 15 × 5.89085796494899 AUD = 88.3628694742349 AUD
Moroccan Dirham to Australian Dollar Conversion Table
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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.
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.