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base info Dai

Dai to Moroccan Dirham Converter and calculator

Convert 1Dai (DAI) to Moroccan Dirham (MAD) equals د.م. 10.03 | Bitget

MAD information

About Moroccan Dirham (MAD)

The Moroccan Dirham (MAD), introduced in 1960, is not just the official currency of Morocco; it symbolizes the nation's deep historical roots and its journey towards economic modernization. It is commonly abbreviated as MAD and represented by the symbol د.م. Replacing the Moroccan Franc, the Dirham marked a new era in Morocco's economic independence following the country's liberation from French and Spanish protectorates.

Historical Background

The introduction of the Moroccan Dirham was a significant milestone in Morocco’s post-colonial era, underscoring the country's move towards establishing a sovereign financial system. This transition was key in manifesting Morocco's new national identity and economic autonomy.

Design and Symbolism

The design of the Moroccan Dirham is a tribute to the country's rich cultural and historical heritage. Banknotes and coins are adorned with images of the late King Mohammed V, modern architectural marvels, and traditional motifs that reflect Morocco's artistic legacy. These designs not only serve as a medium of financial transaction but also tell the story of Morocco's past and present.

Economic Role

The Dirham is central to Morocco’s mixed economy, which is bolstered by sectors like agriculture, mining, manufacturing, and tourism. As the primary medium of exchange, it underpins domestic and international trade, facilitating economic activities that drive growth and development.

Monetary Policy and Stability

Managed by Bank Al-Maghrib, Morocco's central bank, the Dirham has been relatively stable, benefiting from prudent fiscal and monetary policies. The bank's strategies aim to maintain currency stability and inflation control, crucial for economic growth and investor confidence.

International Trade and the Moroccan Dirham

The Dirham plays a significant role in international trade, particularly in the context of Morocco's key exports like phosphates, agricultural products, and textiles. A stable Dirham is vital for maintaining competitive export prices and fostering a favorable trade balance.

Remittances and Economic Impact

Remittances from Moroccans living abroad, particularly in Europe, are an important source of foreign currency. These inflows, exchanged into Dirhams, significantly contribute to the national economy and support the currency's stability.

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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to MAD, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MAD.

DAI to MAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.02% to MAD. Based on the trend and price charts, Dai(DAI) has changed +0.02% to MAD while Moroccan Dirham(MAD) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.م.10.02
0.0001% / 0.0004%vip-iconVIP
Kraken
د.م.10.02
0.1000% / 0.1000%
Yes
OKX
د.م.10.03
0.080% / 0.100%
Yes
Huobi
د.م.10.01
0.1000% / 0.1000%
Yes
Gate.io
د.م.10
0.1000% / 0.1000%
Yes
Bybit
د.م.10.01
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 17:00:25(UTC+0)

What factors influence the conversion rate of Dai to Moroccan Dirham?

Dai to Moroccan Dirham is rising this week.
Dai's current market price is د.م. 10.03 per DAI, with a total market cap of د.م. 53,644,985,354.61 MAD based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -5.34% (د.م. -434,509,257.41 MAD) in the last 24 hours. Last trading day, DAI's trading volume was د.م. 8,135,506,326.87.
Market cap
$5.35B
24h volume
$767.74M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is decreasing.
1 DAI is currently valued at د.م. 10.03 MAD , which means buying 5 DAI will cost د.م. 50.16 MAD . Similarly, د.م.1 MAD can be traded for 0.09969 DAI, and د.م.50 MAD can be converted to 4.98 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Moroccan Dirham has changed by +0.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.02%, reaching a high of 10.04 MAD and a low of 10.03 MAD . One month ago, the value of 1 DAI was د.م. 10.03 MAD , which represents a -0.01% change from its current value. Over the last year, Dai has changed by
+د.م.
0.0007142MAD
, resulting in a change of +0.01% in its value.

DAI to MAD

Amount
17:04 today
0.5 DAI
د.م.5.02
1 DAI
د.م.10.03
5 DAI
د.م.50.16
10 DAI
د.م.100.31
50 DAI
د.م.501.55
100 DAI
د.م.1,003.11
500 DAI
د.م.5,015.53
1000 DAI
د.م.10,031.06

MAD to DAI

Amount17:04 today
0.5MAD0.04985  DAI
1MAD0.09969  DAI
5MAD0.4985  DAI
10MAD0.9969  DAI
50MAD4.98  DAI
100MAD9.97  DAI
500MAD49.85  DAI
1000MAD99.69  DAI
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Today vs. 24 hours ago

Amount17:04 today24 hours ago24h change
0.5 DAI$0.5000$0.4999
+0.02%
1 DAI$1$0.9999
+0.02%
5 DAI$5$5
+0.02%
10 DAI$10$10
+0.02%
50 DAI$50$49.99
+0.02%
100 DAI$100$99.99
+0.02%
500 DAI$500.01$499.93
+0.02%
1000 DAI$1,000.03$999.85
+0.02%

Today vs. 1 month ago

Amount17:04 today1 month ago1M change
0.5 DAI$0.5000$0.5001
-0.01%
1 DAI$1$1
-0.01%
5 DAI$5$5
-0.01%
10 DAI$10$10
-0.01%
50 DAI$50$50.01
-0.01%
100 DAI$100$100.01
-0.01%
500 DAI$500.01$500.05
-0.01%
1000 DAI$1,000.03$1,000.1
-0.01%

Today vs. 1 year ago

Amount17:04 today1 year ago1Y change
0.5 DAI$0.5000$0.5000
+0.01%
1 DAI$1$1.0000
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$50
+0.01%
100 DAI$100$100
+0.01%
500 DAI$500.01$499.98
+0.01%
1000 DAI$1,000.03$999.95
+0.01%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.