Convert New Taiwan Dollar to Moroccan Dirham
Please provide values below to convert New Taiwan Dollar [TWD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Moroccan Dirham
1 TWD = 3.25977154402051 MAD
Example: convert 15 TWD to MAD:
15 TWD = 15 × 3.25977154402051 MAD = 48.8965731603077 MAD
New Taiwan Dollar to Moroccan Dirham Conversion Table
| New Taiwan Dollar | Moroccan Dirham |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.