EGL1 to MAD Converter and calculator


Conversion rates
Convert EGL1 to MAD
Convert MAD to EGL1
EGL1 to MAD chart
EGL1 to MAD conversion data: Volatility and price changes of EGL1 in MAD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.9796 MAD | 1.06 MAD | 1.12 MAD | 1.12 MAD |
Low | 0.8721 MAD | 0.8566 MAD | 0.4523 MAD | 0.{4}8476 MAD |
Average | 0 MAD | 0 MAD | 0 MAD | 0 MAD |
Volatility | % | % | % | % |
Change | +7.33% | -0.02% | +66.72% | +13.36% |
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EGL1 information
EGL1 to MAD market statistics
Current EGL1 to MAD exchange rate
EGL1 to Moroccan Dirham is falling this week.More info about EGL1 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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EGL1 to MAD Conversion tables
Amount | 10:46 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 EGL1 | د.م.0.4809 | د.م.0.4484 | +7.33% |
1 EGL1 | د.م.0.9618 | د.م.0.8968 | +7.33% |
5 EGL1 | د.م.4.81 | د.م.4.48 | +7.33% |
10 EGL1 | د.م.9.62 | د.م.8.97 | +7.33% |
50 EGL1 | د.م.48.09 | د.م.44.84 | +7.33% |
100 EGL1 | د.م.96.18 | د.م.89.68 | +7.33% |
500 EGL1 | د.م.480.88 | د.م.448.38 | +7.33% |
1000 EGL1 | د.م.961.76 | د.م.896.76 | +7.33% |
EGL1 to MAD FAQ
What factors influence the conversion rate of EGL1 to MAD?
Popular exchange rates — Crypto-to-Fiat converter
The price of EGL1 in the US is $0.1071 USD. Additionally, EGL1’s price is €0.09117 EUR in the eurozone, £0.07973 GBP in the UK, C$0.1467 CAD in Canada, ₹9.27 INR in India, ₨30.38 PKR in Pakistan, R$0.5962 BRL in Brazil, and more.
The most popular EGL1 currency pair is the EGL1 to Moroccan Dirham(MAD). The price of 1 EGL1 (EGL1) in Moroccan Dirham (MAD) is د.م.0.9618.
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