Convert Saint Helena Pound to Moroccan Dirham
Please provide values below to convert Saint Helena Pound [SHP] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Saint Helena Pound.
How to Convert Saint Helena Pound to Moroccan Dirham
1 SHP = 0.082179767547706 MAD
Example: convert 15 SHP to MAD:
15 SHP = 15 × 0.082179767547706 MAD = 1.23269651321559 MAD
Saint Helena Pound to Moroccan Dirham Conversion Table
| Saint Helena Pound | Moroccan Dirham |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.