Convert Moroccan Dirham to Mexican Peso
Please provide values below to convert Moroccan Dirham [MAD] to Mexican Peso [MXN], or Convert Mexican Peso to Moroccan Dirham.
How to Convert Moroccan Dirham to Mexican Peso
1 MAD = 0.483169028437798 MXN
Example: convert 15 MAD to MXN:
15 MAD = 15 × 0.483169028437798 MXN = 7.24753542656697 MXN
Moroccan Dirham to Mexican Peso Conversion Table
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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.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.