Convert New Zealand Dollar to Moroccan Dirham
Please provide values below to convert New Zealand Dollar [NZD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to New Zealand Dollar.
How to Convert New Zealand Dollar to Moroccan Dirham
1 NZD = 0.185273581030827 MAD
Example: convert 15 NZD to MAD:
15 NZD = 15 × 0.185273581030827 MAD = 2.77910371546241 MAD
New Zealand Dollar to Moroccan Dirham Conversion Table
| New Zealand Dollar | Moroccan Dirham |
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.