MAD to PKR Currency Converter - 1 Morocco Dirhams To Pakistan Rupee

1 MAD = 20.334404 PKR

1 MAD = 20.33 PKR
Your Conversion : 1 MAD = 20.334404 PKR
Reverse Conversion : 20.334404 PKR = 1 MAD

Morocco Dirhams Pakistan Rupee

Updated: Jul 04 2022

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Today Morocco Dirhams Rate to Pakistan Rupee (1 MAD to PKR) is 20.334404 PKR, all prices are updated every hour to give you the best MAD to PKR conversion. This Morocco Dirhams to Pakistan Rupee conversion is based on open market rates which are set by the currency exchange dealers of Pakistan. Easily find the 1 MAD buying rate and selling rate in Pakistan. You can also convert all major currencies online.

MAD TO PKR CHART & GRAPH

MAD TO PKR STATS

Last 30 days LAST 90 DAYS
High 21.1734 21.1734
Low 20.0397 18.4445
Average 20.4809 19.5788

MAD TO PKR INTERNATIONAL FOREX RATES HISTORY

Date Rate
3 Jul, 2022 20.35
2 Jul, 2022 20.29
1 Jul, 2022 20.26
30 Jun, 2022 20.52
29 Jun, 2022 20.66
28 Jun, 2022 20.81
27 Jun, 2022 20.80
26 Jun, 2022 20.68
25 Jun, 2022 20.69
24 Jun, 2022 21.12
23 Jun, 2022 21.17
22 Jun, 2022 20.88
21 Jun, 2022 20.47
20 Jun, 2022 20.48
19 Jun, 2022 20.69

MAD to PKR

MAD to PKR is also known as the currency exchange rate for Moroccan Dirham to Pakistani Rupee. Morocco is economically more stable than Pakistan. Therefore, its currency is of more value than that of PKR in the international currency exchange market. In this article, we will discuss the relationship between MAD and PKR and the reasons why they vary.

MAD

MAD stands for Moroccan Dirham. It is the official currency of Morocco since 1882. The central bank of Morocco, Bank Al-Magrib, deals with the currency.

1-Dirham coin made of silver was issued in 1960. In 1970 the Government introduced a silver coin of 5 Dirhams and a nickel coin of 1 Dirham. In 1980 a new copper-nickel coin was introduced. After that, in 1995, a bi-metallic coin of 10 Dirhams was introduced. 2 Dirhams coin of nickel-copper was introduced in 2002. In 2012 due to security reasons, new coins of 5 and 10 Dirhams were introduced. Coins of 1, 5, and 10 Dirhams are common in use. Coins of 10 and 20 cents are rarely used.

Notes of 5, 10, and 50 Dirhams were introduced in 1965. In 1970 a 100 Dirhams note was introduced. In 1991 a 200 Dirhams note was introduced. The government replaced 5 Dirhams notes with a coin in 1980. In 1995 10 Dirhams note was replaced with a coin.

At the time of the bank’s 50th anniversary, it introduced a 50 Dirhams note. In 2012 a 25 Dirham banknote was introduced.

In August 2013 bank revised the notes and introduced a new series of banknotes. And in 2019 bank introduced a 20 Dirhams note. Bank-note of 20, 50, 100, and 200 Dirhams are common in use.

Morocco has a liberal economy. The primary source of income is agriculture. Morocco produces high-quality agricultural products. Several products are exported to Europe.

Morocco exports textiles, vegetables, seafood, citrus food, electronics, fertilizers, chemicals, and petroleum products. The annual export of Morocco is $24.5 billion. Morocco's major export partners are Spain, France, Italy, and the United States.

PKR

PKR is also known as the Pakistani Rupees. State bank of Pakistan since 1948 deals with the currency. In 1948 coins of 1 pice, 1 anna, 2 annas, and 1 rupee was introduced. In 1961 1, 5, and 10 pice coins were introduced. And in 1963 bank introduced 10 and 25 paisa coins. Coin of 1 rupee was introduced in 1979. In 1998 a coin of 2 rupees was introduced. Bank introduced a coin of 5 rupees in 2002 and revised it in 2015. Bank introduced a coin of 10 rupees in 2016. In 2019 coin of 50 rupees was introduced. Coins of 1, 2, 5, and 10 rupees are common in use. Coins of 10 and 50 rupees are rare in use.

Bank introduced notes of 2, 5, 10, and 100 rupees in 1953. In 1957 a 50 rupee’s note was introduced. State Bank issued the 500 rupees currency-note in 1986. In 2005 note of 20 rupees was introduced. A note of 5000 rupees was introduced in 2006. Notes of 10, 20, 50, 100, and 500 are common in use. Notes of 1000 and 5000 are rare in use.

Pakistan has annual exports of approximately $22.505 billion. Pakistan is an agricultural country and export food to the world. Other export industries are textile, petroleum, chemicals, pharmaceuticals, leather, and sports items. Export partners are the United States, the United Kingdom, and the United Arab Emirates.

MAD and PKR

One Morocco Dirham is almost equal to 20.334404 Pakistani Rupees. The exchange rate shows the economy of Morocco is much more stable and well pronounced than Pakistan.