Convert Moroccan Dirham to Saudi Riyal
Please provide values below to convert Moroccan Dirham [MAD] to Saudi Riyal [SAR], or Convert Saudi Riyal to Moroccan Dirham.
How to Convert Moroccan Dirham to Saudi Riyal
1 MAD = 2.40221333333333 SAR
Example: convert 15 MAD to SAR:
15 MAD = 15 × 2.40221333333333 SAR = 36.0332 SAR
Moroccan Dirham to Saudi Riyal Conversion Table
| Moroccan Dirham | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.