Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Polygon

Polygon to Moroccan Dirham Converter and calculator

Convert 1Polygon (MATIC) to Moroccan Dirham (MAD) equals د.م. 6.78 | 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.

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

MATIC to MAD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed -1.27% to MAD. Based on the trend and price charts, Polygon(MATIC) has changed -1.27% to MAD while Moroccan Dirham(MAD) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
د.م.6.75
0.0001% / 0.0004%vip-iconVIP
Binance
د.م.6.75
0.1000% / 0.1000%
Yes
Coinbase Exchange
د.م.6.75
0.1000% / 0.1000%
Yes
Kraken
د.م.6.78
0.1000% / 0.1000%
Yes
OKX
د.م.6.75
0.080% / 0.100%
Yes
Huobi
د.م.6.75
0.1000% / 0.1000%
Yes
Gate.io
د.م.6.74
0.1000% / 0.1000%
Yes
Bybit
د.م.6.75
0.1000% / 0.1000%
Yes
KuCoin
د.م.6.74
0.1000% / 0.1000%
Yes
Bitfinex
د.م.6.76
0.1000% / 0.1000%
Yes
Last updated 2024/04/17 16:00:36(UTC+0)

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

Polygon to Moroccan Dirham is falling this week.
Polygon's current market price is د.م. 6.78 per MATIC, with a total market cap of د.م. 67,107,542,588.27 MAD based on a circulating supply of 9,894,742,000 MATIC. The trading volume of Polygon has changed by -31.01% (د.م. -1,271,468,554.33 MAD) in the last 24 hours. Last trading day, MATIC's trading volume was د.م. 4,099,712,881.85.
Market cap
$6.60B
24h volume
$277.96M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at د.م. 6.78 MAD , which means buying 5 MATIC will cost د.م. 33.91 MAD . Similarly, د.م.1 MAD can be traded for 0.1474 MATIC, and د.م.50 MAD can be converted to 7.37 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Moroccan Dirham has changed by -23.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.27%, reaching a high of 7.22 MAD and a low of 6.7 MAD . One month ago, the value of 1 MATIC was د.م. 10.64 MAD , which represents a -36.26% change from its current value. Over the last year, Polygon has changed by
-د.م.
5.12MAD
, resulting in a change of -43.00% in its value.

MATIC to MAD

Amount
16:25 today
0.5 MATIC
د.م.3.39
1 MATIC
د.م.6.78
5 MATIC
د.م.33.91
10 MATIC
د.م.67.82
50 MATIC
د.م.339.11
100 MATIC
د.م.678.21
500 MATIC
د.م.3,391.07
1000 MATIC
د.م.6,782.14

MAD to MATIC

Amount16:25 today
0.5MAD0.07372  MATIC
1MAD0.1474  MATIC
5MAD0.7372  MATIC
10MAD1.47  MATIC
50MAD7.37  MATIC
100MAD14.74  MATIC
500MAD73.72  MATIC
1000MAD147.45  MATIC
share

Today vs. 24 hours ago

Amount16:25 today24 hours ago24h change
0.5 MATIC$0.3333$0.3376
-1.27%
1 MATIC$0.6665$0.6751
-1.27%
5 MATIC$3.33$3.38
-1.27%
10 MATIC$6.67$6.75
-1.27%
50 MATIC$33.33$33.76
-1.27%
100 MATIC$66.65$67.51
-1.27%
500 MATIC$333.27$337.55
-1.27%
1000 MATIC$666.55$675.11
-1.27%

Today vs. 1 month ago

Amount16:25 today1 month ago1M change
0.5 MATIC$0.3333$0.5230
-36.26%
1 MATIC$0.6665$1.05
-36.26%
5 MATIC$3.33$5.23
-36.26%
10 MATIC$6.67$10.46
-36.26%
50 MATIC$33.33$52.3
-36.26%
100 MATIC$66.65$104.59
-36.26%
500 MATIC$333.27$522.97
-36.26%
1000 MATIC$666.55$1,045.93
-36.26%

Today vs. 1 year ago

Amount16:25 today1 year ago1Y change
0.5 MATIC$0.3333$0.5848
-43.00%
1 MATIC$0.6665$1.17
-43.00%
5 MATIC$3.33$5.85
-43.00%
10 MATIC$6.67$11.7
-43.00%
50 MATIC$33.33$58.48
-43.00%
100 MATIC$66.65$116.96
-43.00%
500 MATIC$333.27$584.78
-43.00%
1000 MATIC$666.55$1,169.57
-43.00%

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.