Convert Moroccan Dirham to Norwegian Krone
Please provide values below to convert Moroccan Dirham [MAD] to Norwegian Krone [NOK], or Convert Norwegian Krone to Moroccan Dirham.
How to Convert Moroccan Dirham to Norwegian Krone
1 MAD = 0.890870072588461 NOK
Example: convert 15 MAD to NOK:
15 MAD = 15 × 0.890870072588461 NOK = 13.3630510888269 NOK
Moroccan Dirham to Norwegian Krone 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.
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.