NZD to MAD Exchange Rate - Convert New Zealand Dollar to Moroccan Dirham

Converting from New Zealand Dollar (NZD) to Moroccan Dirham (MAD)

What is New Zealand Dollar (NZD)

The New Zealand Dollar (NZD) is the official currency of New Zealand, including its territories in the South Pacific, such as Niue, the Cook Islands, and Tokelau. The NZD is further subdivided into 100 cents. Introduced in 1967, it replaced the New Zealand pound at a rate of 1 NZD for 1 NZ pound, marking a significant shift towards a decimal currency.

The NZD is represented by the symbols “$” or “NZ$” to differentiate it from other dollar-denominated currencies. It is known for its vibrant colors, as the banknotes showcase images of notable New Zealand landmarks and wildlife. New Zealand’s economy heavily relies on agriculture, tourism, and international trade, which influences the NZD's value in the foreign exchange market.

Exchange rates for the NZD fluctuate throughout the day based on market conditions and global economic indicators. Factors such as interest rates, inflation, and economic stability play a vital role in determining the strength of the NZD against other currencies, including the Moroccan Dirham (MAD).

What is Moroccan Dirham (MAD)

The Moroccan Dirham (MAD) is the official currency of Morocco, represented by the symbol “د.م.” or abbreviated as “MAD.” One Dirham is divided into 100 centimes, although centime coins are less frequently used. The Dirham was introduced in 1882, replacing the Moroccan rial at a fixed rate.

The MAD is primarily a fiat currency, meaning its value is not based on physical commodities like gold or silver. Instead, its value is derived from the trust and stability of the Moroccan government and economy. The economy of Morocco is diverse, with agriculture, mining, and tourism as essential sectors contributing to the country's GDP.

When exchanging NZD for MAD, it’s crucial to stay informed about the current exchange rates, which can fluctuate due to various economic factors. Understanding the dynamics of both currencies can help individuals and businesses make informed decisions, whether they are sending money to Morocco or planning to travel there.

In summary, converting from New Zealand Dollar (NZD) to Moroccan Dirham (MAD) involves understanding the unique characteristics of both currencies. The exchange rate is influenced by a range of factors, including economic conditions, geopolitical events, and market sentiment. Whether you're engaging in international trade, traveling, or investing, being aware of these currencies and their value can assist in making more informed financial choices. Always check with reliable sources for the latest exchange rates and consider potential fees when converting currencies.

New Zealand Dollar to Moroccan Dirham conversion table

NZD to MAD conversion table

New Zealand Dollar (NZD)Moroccan Dirham (MAD)
1 NZD5.57177686988 MAD
2 NZD11.14355373977 MAD
3 NZD16.71533060965 MAD
4 NZD22.28710747953 MAD
5 NZD27.85888434941 MAD
6 NZD33.4306612193 MAD
7 NZD39.00243808918 MAD
8 NZD44.57421495906 MAD
9 NZD50.14599182894 MAD
10 NZD55.71776869883 MAD
100 NZD557.17768698826 MAD
200 NZD1 114.35537397652 MAD
300 NZD1 671.53306096478 MAD
400 NZD2 228.71074795304 MAD
500 NZD2 785.8884349413 MAD
600 NZD3 343.06612192956 MAD
700 NZD3 900.24380891783 MAD
800 NZD4 457.42149590609 MAD
900 NZD5 014.59918289435 MAD
1 000 NZD5 571.77686988261 MAD
2 000 NZD11 143.55373976522 MAD
5 000 NZD27 858.88434941304 MAD
10 000 NZD55 717.76869882608 MAD
20 000 NZD111 435.53739765215 MAD
50 000 NZD278 588.84349413038 MAD
100 000 NZD557 177.68698826077 MAD
Last updated March 14, 2025 at 11:55 PM