Convert Moroccan Dirham to Philippine Peso
Please provide values below to convert Moroccan Dirham [MAD] to Philippine Peso [PHP], or Convert Philippine Peso to Moroccan Dirham.
How to Convert Moroccan Dirham to Philippine Peso
1 MAD = 0.158200494184464 PHP
Example: convert 15 MAD to PHP:
15 MAD = 15 × 0.158200494184464 PHP = 2.37300741276696 PHP
Moroccan Dirham to Philippine 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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.