Exchange 6 MAD to NZD - 6 Moroccan Dirham to New Zealand Dollar
The dirham (Arabic: درهم dirham, Berber languages: ⴰⴷⵔⵉⵎ adrim, French: dirham, Spanish: dírha) is the currency of Morocco. It is issued by the Bank Al-Maghrib, the central bank of Morocco. It is subdivided into 100 cents (Arabic: سنتيمات, singular: سنتيم).
The New Zealand dollar (sign: $; code: NZD, also abbreviated NZ$) (Māori: Tāra o Aotearoa) is the official currency and legal tender of New Zealand, the Cook Islands, Niue, the Ross Dependency, Tokelau, and a British territory, the Pitcairn Islands. Within New Zealand, it is almost always abbreviated with the dollar sign ($), with "NZ$" sometimes used to distinguish it from other dollar-denominated currencies. In the context of currency trading, it is often informally called the "Kiwi" or "Kiwi dollar", since New Zealand is commonly associated with the indigenous bird and the one-dollar coin depicts a kiwi. Introduced in 1967, the dollar is subdivided into 100 cents. Altogether there are ten denominations—five coins and five banknotes—with the smallest being the 10-cent coin. Formerly there were lower denominations, but those were discontinued due to inflation and production costs. The New Zealand dollar is consistently one of the 10 most traded currencies in the world, being approximately 2.0% of global foreign exchange market daily turnover in 2013.
6 Moroccan Dirham to New Zealand Dollar exchange rates chart
6 MAD to NZD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.
6 Moroccan Dirham to New Zealand Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.
The New Zealand dollar climbed to a 15-month high against the British pound after a delayed Brexit vote reignited fears the UK won't agree to terms on leaving the European Union, adding to uncertainty in the global economy.
Dec. 7 (BusinessDesk) - The New Zealand dollar is steady on the week after ongoing worries about the China-US trade stoush were offset by news reports that the US Federal Reserve may signal a wait-and-see approach regarding rate hikes in 2019.