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base info First Digital USD

First Digital USD to Moroccan Dirham Converter and calculator

Convert 1First Digital USD (FDUSD) 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 First Digital USD currency pair is the FDUSD to MAD, with for First Digital USD's currency code being FDUSD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MAD.

FDUSD to MAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, First Digital USD has changed -0.13% to MAD. Based on the trend and price charts, First Digital USD(FDUSD) has changed -0.13% to MAD while Moroccan Dirham(MAD) has changed % to FDUSD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.م.10.03
0.0001% / 0.0004%vip-iconVIP
Binance
د.م.10.03
0.1000% / 0.1000%
Yes
Gate.io
د.م.10.03
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 17:00:20(UTC+0)

What factors influence the conversion rate of First Digital USD to Moroccan Dirham?

First Digital USD to Moroccan Dirham is rising this week.
First Digital USD's current market price is د.م. 10.03 per FDUSD, with a total market cap of د.م. 39,696,249,315.85 MAD based on a circulating supply of 3,956,564,000 FDUSD. The trading volume of First Digital USD has changed by +26.68% (د.م. 25,760,133,980.57 MAD) in the last 24 hours. Last trading day, FDUSD's trading volume was د.م. 96,554,759,609.78.
Market cap
$3.96B
24h volume
$12.19B
Circulating supply
3.96B FDUSD

Conversion tables

The exchange rate of First Digital USD is increasing.
1 FDUSD is currently valued at د.م. 10.03 MAD , which means buying 5 FDUSD will cost د.م. 50.17 MAD . Similarly, د.م.1 MAD can be traded for 0.09967 FDUSD, and د.م.50 MAD can be converted to 4.98 FDUSD, excluding any platform or gas fees.
The exchange rate of 1 FDUSD to Moroccan Dirham has changed by +0.08% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.13%, reaching a high of 10.08 MAD and a low of 10.01 MAD . One month ago, the value of 1 FDUSD was د.م. 10.03 MAD , which represents a +0.07% change from its current value. Over the last year, First Digital USD has changed by
+د.م.
0.01423MAD
, resulting in a change of --% in its value.

FDUSD to MAD

Amount
17:13 today
0.5 FDUSD
د.م.5.02
1 FDUSD
د.م.10.03
5 FDUSD
د.م.50.17
10 FDUSD
د.م.100.33
50 FDUSD
د.م.501.65
100 FDUSD
د.م.1,003.3
500 FDUSD
د.م.5,016.51
1000 FDUSD
د.م.10,033.01

MAD to FDUSD

Amount17:13 today
0.5MAD0.04984  FDUSD
1MAD0.09967  FDUSD
5MAD0.4984  FDUSD
10MAD0.9967  FDUSD
50MAD4.98  FDUSD
100MAD9.97  FDUSD
500MAD49.84  FDUSD
1000MAD99.67  FDUSD
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Today vs. 24 hours ago

Amount17:13 today24 hours ago24h change
0.5 FDUSD$0.5001$0.5008
-0.13%
1 FDUSD$1$1
-0.13%
5 FDUSD$5$5.01
-0.13%
10 FDUSD$10$10.02
-0.13%
50 FDUSD$50.01$50.08
-0.13%
100 FDUSD$100.02$100.15
-0.13%
500 FDUSD$500.11$500.75
-0.13%
1000 FDUSD$1,000.22$1,001.51
-0.13%

Today vs. 1 month ago

Amount17:13 today1 month ago1M change
0.5 FDUSD$0.5001$0.4998
+0.07%
1 FDUSD$1$0.9996
+0.07%
5 FDUSD$5$5
+0.07%
10 FDUSD$10$10
+0.07%
50 FDUSD$50.01$49.98
+0.07%
100 FDUSD$100.02$99.96
+0.07%
500 FDUSD$500.11$499.78
+0.07%
1000 FDUSD$1,000.22$999.57
+0.07%

Today vs. 1 year ago

Amount17:13 today1 year ago1Y change
0.5 FDUSD$0.5001$-0.0005993
--
1 FDUSD$1$-0.001199
--
5 FDUSD$5$-0.005993
--
10 FDUSD$10$-0.01199
--
50 FDUSD$50.01$-0.05993
--
100 FDUSD$100.02$-0.1199
--
500 FDUSD$500.11$-0.5993
--
1000 FDUSD$1,000.22$-1.1985
--

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.