Convert Moroccan Dirham to Swiss Franc
Please provide values below to convert Moroccan Dirham [MAD] to Swiss Franc [CHF], or Convert Swiss Franc to Moroccan Dirham.
How to Convert Moroccan Dirham to Swiss Franc
1 MAD = 11.3326204554032 CHF
Example: convert 15 MAD to CHF:
15 MAD = 15 × 11.3326204554032 CHF = 169.989306831048 CHF
Moroccan Dirham to Swiss Franc Conversion Table
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Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.
Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.