Convert Malaysian Ringgit to Moroccan Dirham
Please provide values below to convert Malaysian Ringgit [MYR] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Moroccan Dirham
1 MYR = 0.469722367150295 MAD
Example: convert 15 MYR to MAD:
15 MYR = 15 × 0.469722367150295 MAD = 7.04583550725442 MAD
Malaysian Ringgit to Moroccan Dirham Conversion Table
| Malaysian Ringgit | Moroccan Dirham |
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.