Convert Moroccan Dirham to Maldivian Rufiyaa
Please provide values below to convert Moroccan Dirham [MAD] to Maldivian Rufiyaa [MVR], or Convert Maldivian Rufiyaa to Moroccan Dirham.
How to Convert Moroccan Dirham to Maldivian Rufiyaa
1 MAD = 0.583507144615305 MVR
Example: convert 15 MAD to MVR:
15 MAD = 15 × 0.583507144615305 MVR = 8.75260716922957 MVR
Moroccan Dirham to Maldivian Rufiyaa Conversion Table
| Moroccan Dirham | Maldivian Rufiyaa |
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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.
Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.