Convert Moroccan Dirham to Chinese Yuan (Offshore)
Please provide values below to convert Moroccan Dirham [MAD] to Chinese Yuan (Offshore) [CNH], or Convert Chinese Yuan (Offshore) to Moroccan Dirham.
How to Convert Moroccan Dirham to Chinese Yuan (Offshore)
1 MAD = 1.25612161105618 CNH
Example: convert 15 MAD to CNH:
15 MAD = 15 × 1.25612161105618 CNH = 18.8418241658427 CNH
Moroccan Dirham to Chinese Yuan (Offshore) Conversion Table
| Moroccan Dirham | Chinese Yuan (Offshore) |
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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.
Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.