What you should know about...
Moroccan Dirhams (MAD)
The MAD is the official currency of Morocco, with the symbol د.م..
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Moroccan Dirhams to Australian Dollars: Exchange rates today
 MAD |  GBP |
|---|---|
| 1 MAD | 0.07 GBP |
| 10 MAD | 0.79 GBP |
| 20 MAD | 1.58 GBP |
| 50 MAD | 3.96 GBP |
| 100 MAD | 7.92 GBP |
| 250 MAD | 19.81 GBP |
| 300 MAD | 23.77 GBP |
| 500 MAD | 39.62 GBP |
| 1,000 MAD | 79.25 GBP |
| 2,000 MAD | 158.50 GBP |
| 5,000 MAD | 396.26 GBP |
| 10,000 MAD | 793.97 GBP |
| GBP | MAD |
|---|---|
| 1 GBP | 12.34 MAD |
| 10 GBP | 123.42 MAD |
| 20 GBP | 246.85 MAD |
| 50 GBP | 617.13 MAD |
| 100 GBP | 1,234.26 MAD |
| 250 GBP | 3,085.66 MAD |
| 300 GBP | 3,702.79 MAD |
| 500 GBP | 6,171.32 MAD |
| 1,000 GBP | 12,365.55 MAD |
| 2,000 GBP | 24,731.10 MAD |
| 5,000 GBP | 61,827.77 MAD |
| 10,000 GBP | 123,672.07 MAD |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the Moroccan Dirhams
History
The Moroccan Dirhams was established as the official currency of Morocco in 1959. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both Morocco and Africa. Check our guide about the evolution of MAD to GBP to learn more about their exchange rate history.Characteristics
The Moroccan Dirhams is divided into Santim. You'll find Moroccan Dirhams banknotes in 20, 50, 100, 200 dirhams and coins in 0.5, 1, 2, 5, 10 dirhams; 1, 5, 10, 20 santimat.Monetary policy
The Moroccan Dirhams is managed by the Bank Al-Maghrib, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of Morocco.Currency exchange
The value of the Moroccan Dirhams is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the Moroccan Dirhams (MAD)
| Currency name | Moroccan Dirhams | |
| Currency code | MAD | |
| Currency symbol | د.م. | |
| Minor unit | Santim | |
| Minor unit symbol | c | |
| Notes frequently used | 20, 50, 100, 200 dirhams | |
| Coins frequently used | 0.5, 1, 2, 5, 10 dirhams; 1, 5, 10, 20 santimat | |
| Central bank | Bank Al-Maghrib | |
| Users | Morocco |
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