RAK
MAD
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Rake Finance(RAK) to Moroccan Dirham(MAD). This is the real-time data. The current conversion shows 1 RAK at a value of 1 RAK for 62.18 MAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
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.
Bitget crypto-to-fiat exchange data shows that the most popular Rake Finance currency pair is the RAK to MAD, with for Rake Finance's currency code being RAK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MAD.
RAK to MAD conversion rate trend
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In the past 1D, Rake Finance has changed -6.04% to MAD. Based on the trend and price charts, Rake Finance(RAK) has changed -6.04% to MAD while Moroccan Dirham(MAD) has changed % to RAK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | د.م.64.73 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/28 08:32:31(UTC+0)
How to buy Rake Finance
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Rake Finance (RAK)
Use a variety of payment options to buy Rake Finance on Bitget. We'll show you how.
Buy RAK (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading does not currently support direct buying of RAK with MAD. However, you can buy USDT in Bitget P2P trading first, and then buy RAK with USDT via Bitget spot market.
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Sell RAK (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading currently does not support direct selling of RAK to MAD. However, you can first exchange RAK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of Rake Finance to Moroccan Dirham?
Rake Finance to Moroccan Dirham is falling this week.Rake Finance's current market price is د.م. 62.18 per RAK, with a total market cap of د.م. 0 MAD based on a circulating supply of -- RAK. The trading volume of Rake Finance has changed by -21.46% (د.م. -141,779.81 MAD) in the last 24 hours. Last trading day, RAK's trading volume was د.م. 660,587.02.
Market cap
$0
24h volume
$51.85K
Circulating supply
0 RAK
Conversion tables
The exchange rate of Rake Finance is increasing.1 RAK is currently valued at د.م. 62.18 MAD , which means buying 5 RAK will cost د.م. 310.92 MAD . Similarly, د.م.1 MAD can be traded for 0.01608 RAK, and د.م.50 MAD can be converted to 0.8041 RAK, excluding any platform or gas fees.
The exchange rate of 1 RAK to Moroccan Dirham has changed by -1.53% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.04%, reaching a high of 66.59 MAD and a low of 62.01 MAD . One month ago, the value of 1 RAK was د.م. 57.73 MAD , which represents a +7.71% change from its current value. Over the last year, Rake Finance has changed by , resulting in a change of -49.30% in its value.
-د.م.
60.5MADRAK to MAD
Amount
15:02 today
0.5 RAK
د.م.31.09
1 RAK
د.م.62.18
5 RAK
د.م.310.92
10 RAK
د.م.621.84
50 RAK
د.م.3,109.21
100 RAK
د.م.6,218.42
500 RAK
د.م.31,092.09
1000 RAK
د.م.62,184.17
MAD to RAK
Amount15:02 today
0.5MAD0.008041 RAK
1MAD0.01608 RAK
5MAD0.08041 RAK
10MAD0.1608 RAK
50MAD0.8041 RAK
100MAD1.61 RAK
500MAD8.04 RAK
1000MAD16.08 RAK
Today vs. 24 hours ago
| Amount | 15:02 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAK | $3.11 | $3.31 | -6.04% |
| 1 RAK | $6.21 | $6.61 | -6.04% |
| 5 RAK | $31.07 | $33.07 | -6.04% |
| 10 RAK | $62.15 | $66.15 | -6.04% |
| 50 RAK | $310.74 | $330.73 | -6.04% |
| 100 RAK | $621.49 | $661.46 | -6.04% |
| 500 RAK | $3,107.44 | $3,307.31 | -6.04% |
| 1000 RAK | $6,214.87 | $6,614.63 | -6.04% |
Today vs. 1 month ago
| Amount | 15:02 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAK | $3.11 | $2.88 | +7.71% |
| 1 RAK | $6.21 | $5.77 | +7.71% |
| 5 RAK | $31.07 | $28.85 | +7.71% |
| 10 RAK | $62.15 | $57.7 | +7.71% |
| 50 RAK | $310.74 | $288.48 | +7.71% |
| 100 RAK | $621.49 | $576.96 | +7.71% |
| 500 RAK | $3,107.44 | $2,884.82 | +7.71% |
| 1000 RAK | $6,214.87 | $5,769.64 | +7.71% |
Today vs. 1 year ago
| Amount | 15:02 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAK | $3.11 | $6.13 | -49.30% |
| 1 RAK | $6.21 | $12.26 | -49.30% |
| 5 RAK | $31.07 | $61.31 | -49.30% |
| 10 RAK | $62.15 | $122.61 | -49.30% |
| 50 RAK | $310.74 | $613.05 | -49.30% |
| 100 RAK | $621.49 | $1,226.1 | -49.30% |
| 500 RAK | $3,107.44 | $6,130.52 | -49.30% |
| 1000 RAK | $6,214.87 | $12,261.03 | -49.30% |
Rake Finance price prediction
What will the price of RAK be in 2025?
Based on RAK's historical price performance prediction model, the price of RAK is projected to reach $8.02 in 2025.
What will the price of RAK be in 2030?
In 2030, the RAK price is expected to change by +9.00%. By the end of 2030, the RAK price is projected to reach $9.41, with a cumulative ROI of +48.77%.
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Popular Rake Finance conversions
Check out these popular currency conversions of Rake Finance to several fiat currencies.
Rake Finance to USD
1 RAK to $ 6.21 USD
Rake Finance to GBP
1 RAK to £ 4.91 GBP
Rake Finance to EUR
1 RAK to € 5.89 EUR
Rake Finance to KRW
1 RAK to ₩ 8,679.78 KRW
Rake Finance to CAD
1 RAK to $ 8.71 CAD
Rake Finance to AUD
1 RAK to $ 9.57 AUD
Rake Finance to JPY
1 RAK to ¥ 942.65 JPY
Rake Finance to BRL
1 RAK to R$ 37.09 BRL
Rake Finance to CNY
1 RAK to ¥ 45.08 CNY
Rake Finance to TWD
1 RAK to NT$ 202.46 TWD
Popular cryptocurrencies to MAD
Explore other cryptocurrencies based on your interest in Rake Finance.
THENA to MAD
1 THE to د.م. 33.66 MAD
SolarX to MAD
1 SXCH to د.م. 0.2632 MAD
MAD to MAD
1 MAD to د.م. 0.0003477 MAD
Bitcoin to MAD
1 BTC to د.م. 956,877.91 MAD
Solana to MAD
1 SOL to د.م. 2,358.49 MAD
Just a chill guy to MAD
1 CHILLGUY to د.م. 5.3 MAD
Ethereum to MAD
1 ETH to د.م. 35,733.06 MAD
Cardano to MAD
1 ADA to د.م. 9.97 MAD
Pepe to MAD
1 PEPE to د.م. 0.0001942 MAD
XRP to MAD
1 XRP to د.م. 14.71 MAD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Rake Finance and MAD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Rake Finance and MAD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Rake Finance in MAD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
