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About this currency pair
Moroccan Dirham (MAD) — the currency of Morocco
The Moroccan dirham was restored after Morocco’s post-independence monetary reforms, reviving an older regional currency name. The Moroccan Dirham is used in Morocco, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are commonly used for remittances, import pricing, travel, development projects, commodity trade and comparisons with USD, EUR or regional currencies. The dirham name comes from a long regional monetary tradition and appears in several Middle Eastern and North African currencies.
United Arab Emirates Dirham (AED) — the currency of the United Arab Emirates
The United Arab Emirates dirham is used in the UAE, a major hub for travel, trade, logistics, finance and expatriate employment. AED conversions are common for Dubai and Abu Dhabi tourism, salaries, remittances, property prices, oil-related business and comparisons with USD, EUR and regional Gulf currencies.