Euro to Moroccan Dirham — exchange rate

Country of Circulation: European Union

Currency Code, Symbol: EUR, €

Denominations of coins in circulation: 1c, 2c, 5c, 10c, 20c, 50c, €1, €2

Denominations of banknotes in circulation: €5, €10, €20, €50, €100

History: The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.Read More

Country of Circulation: Morocco

Currency Code, Symbol: MAD, DH

Denominations of coins in circulation: 1⁄2, 1, 5 & 10 dirhams

Denominations of banknotes in circulation: 20, 50, 100 & 200 dirhams

History: The Moroccan dirham (DH) is the national currency of the Kingdom of Morocco. The currency is not used in other countries. In the international financial arena, it is mainly abbreviated to MAD.Centimes are used as change for the Moroccan dirham. Every MAD has 100 centimes. The currency has first appeared in 1961. It came as a replacement for the outdated currency of the Moroccan franc. The currency stands out with its stable rate. According to the law of the Kingdom of Morocco, it is illegal to export more than 500 dirhams without the government’s approval.Read More