Convert Moroccan Dirham to Malaysian Ringgit
Please provide values below to convert Moroccan Dirham [MAD] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Moroccan Dirham.
How to Convert Moroccan Dirham to Malaysian Ringgit
1 MAD = 2.12891714326228 MYR
Example: convert 15 MAD to MYR:
15 MAD = 15 × 2.12891714326228 MYR = 31.9337571489342 MYR
Moroccan Dirham to Malaysian Ringgit 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.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.