WIT to MAD Converter and calculator


Conversion rates
Convert WIT to MAD
Convert MAD to WIT
WIT to MAD chart
WIT to MAD conversion data: Volatility and price changes of Witnet in MAD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.009060 MAD | 0.009749 MAD | 0.01498 MAD | 0.01705 MAD |
Low | 0.008793 MAD | 0.008629 MAD | 0.004967 MAD | 0.004967 MAD |
Average | 0 MAD | 0 MAD | 0 MAD | 0 MAD |
Volatility | % | % | % | % |
Change | -2.64% | -8.95% | -36.08% | -47.82% |
Witnet information
WIT to MAD market statistics
Current WIT to MAD exchange rate
Witnet to Moroccan Dirham is falling this week.More info about Witnet on Bitget
Moroccan Dirham 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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WIT to MAD Conversion tables
Amount | 03:08 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WIT | د.م.0.004403 | د.م.0.004522 | -2.64% |
1 WIT | د.م.0.008806 | د.م.0.009045 | -2.64% |
5 WIT | د.م.0.04403 | د.م.0.04522 | -2.64% |
10 WIT | د.م.0.08806 | د.م.0.09045 | -2.64% |
50 WIT | د.م.0.4403 | د.م.0.4522 | -2.64% |
100 WIT | د.م.0.8806 | د.م.0.9045 | -2.64% |
500 WIT | د.م.4.4 | د.م.4.52 | -2.64% |
1000 WIT | د.م.8.81 | د.م.9.04 | -2.64% |
WIT to MAD FAQ
What factors influence the conversion rate of WIT to MAD?
Popular exchange rates — Crypto-to-Fiat converter
The price of Witnet in the US is $0.0009642 USD. Additionally, Witnet’s price is €0.0008367 EUR in the eurozone, £0.0007165 GBP in the UK, C$0.001324 CAD in Canada, ₹0.08350 INR in India, ₨0.2738 PKR in Pakistan, R$0.005316 BRL in Brazil, and more.
The most popular Witnet currency pair is the WIT to Moroccan Dirham(MAD). The price of 1 Witnet (WIT) in Moroccan Dirham (MAD) is د.م.0.008806.
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