Convert Moroccan Dirham to Armenian Dram
Convert Moroccan Dirham (MAD) to Armenian Dram (AMD) using daily updated exchange rates.
Loading exchange rates...
Exchange Rate
Exchange rates are updated daily.
Loading current rate...
About Moroccan Dirham
The Moroccan Dirham (MAD) has been the official currency of Morocco since 1960, replacing the franc used during the French protectorate period. Bank Al-Maghrib manages monetary policy with a managed float exchange rate pegged to a basket of the Euro and US Dollar. Morocco has one of Africa's most diversified economies, with revenues from phosphate exports (the world's third largest producer), tourism, remittances from Moroccans abroad, and growing manufacturing including automotive and aerospace sectors. Morocco has signed a free trade agreement with the EU.
About Armenian Dram
The Armenian Dram (AMD) became the official currency of Armenia in November 1993, replacing the Soviet ruble following the country's independence from the USSR in 1991. Its name derives from the historic silver coin used in medieval Armenia. The Central Bank of Armenia oversees monetary policy and issues dram banknotes and coins. Armenia's economy is heavily influenced by remittances from the Armenian diaspora and exports of diamonds, minerals, and brandy. The dram is divided into 100 luma, though luma coins are no longer in circulation due to low purchasing power.
Quick Reference Table
| Moroccan Dirham (MAD) | Armenian Dram (AMD) |
|---|---|
| Loading rates... | |
Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).