Convert United States Dollar to Moroccan Dirham
Please provide values below to convert United States Dollar [USD] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to United States Dollar.
How to Convert United States Dollar to Moroccan Dirham
1 USD = 0.111008736387554 MAD
Example: convert 15 USD to MAD:
15 USD = 15 × 0.111008736387554 MAD = 1.66513104581331 MAD
United States Dollar to Moroccan Dirham Conversion Table
| United States Dollar | Moroccan Dirham |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
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.