Convert Moroccan Dirham to Swedish Krona
Please provide values below to convert Moroccan Dirham [MAD] to Swedish Krona [SEK], or Convert Swedish Krona to Moroccan Dirham.
How to Convert Moroccan Dirham to Swedish Krona
1 MAD = 0.943840826461867 SEK
Example: convert 15 MAD to SEK:
15 MAD = 15 × 0.943840826461867 SEK = 14.157612396928 SEK
Moroccan Dirham to Swedish Krona Conversion Table
| Moroccan Dirham | Swedish Krona |
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.