Convert Omani Rial to Moroccan Dirham
Convert Omani Rial (OMR) to Moroccan Dirham (MAD) using daily updated exchange rates.
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Exchange Rate
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About Omani Rial
The Omani Rial (OMR) is the official currency of the Sultanate of Oman and one of the highest-valued currencies in the world by exchange rate. Introduced in 1973 to replace the Saidi rial, it has been pegged to the US Dollar at 0.3845 OMR per USD since 1986. This peg has remained stable even during periods of lower oil prices, supported by government reserves. The Central Bank of Oman manages the peg. Oman is a major oil and natural gas producer on the Arabian Peninsula, though it is also investing in diversification through tourism, logistics, and manufacturing.
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.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).