Convert Moroccan Dirham to Brazilian Real
Please provide values below to convert Moroccan Dirham [MAD] to Brazilian Real [BRL], or Convert Brazilian Real to Moroccan Dirham.
How to Convert Moroccan Dirham to Brazilian Real
1 MAD = 1.61816058918628 BRL
Example: convert 15 MAD to BRL:
15 MAD = 15 × 1.61816058918628 BRL = 24.2724088377941 BRL
Moroccan Dirham to Brazilian Real 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.
Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.