MAD/ZAR
Market Open
12 Jun, 11:19
R
1. 816289
+0.08981
+5.2019%
R
2 Volume
R 1.72648
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MADZAR Overview
MADZAR denotes the exchange rate between the Moroccan Dirham (MAD) and the South African Rand (ZAR), indicating how many rand are required to purchase one dirham. With MAD as the base currency and ZAR as the quote currency, the pair is used to price transactions and compare relative value between the two currencies.
The Moroccan Dirham (MAD) is the official currency of the Kingdom of Morocco, issued and regulated by Bank Al-Maghrib. The dirham is driven by domestic economic activity, tourism receipts, export performance and Morocco’s monetary and fiscal policy decisions.
The South African Rand (ZAR) is the legal tender of the Republic of South Africa and is administered by the South African Reserve Bank. The rand’s valuation is sensitive to commodity prices, mining sector output, external account balances and broader emerging-market sentiment.
Exchange-rate fluctuations in MADZAR are set by supply and demand in foreign-exchange markets and influenced by interest-rate differentials, inflation trends, capital flows and central bank interventions. Geopolitical events, trade balances and comparative economic growth also play important roles.
For traders, businesses and investors operating between Morocco and South Africa, MADZAR is relevant for trade settlement, hedging currency exposure and executing speculative or arbitrage strategies.
The Moroccan Dirham (MAD) is the official currency of the Kingdom of Morocco, issued and regulated by Bank Al-Maghrib. The dirham is driven by domestic economic activity, tourism receipts, export performance and Morocco’s monetary and fiscal policy decisions.
The South African Rand (ZAR) is the legal tender of the Republic of South Africa and is administered by the South African Reserve Bank. The rand’s valuation is sensitive to commodity prices, mining sector output, external account balances and broader emerging-market sentiment.
Exchange-rate fluctuations in MADZAR are set by supply and demand in foreign-exchange markets and influenced by interest-rate differentials, inflation trends, capital flows and central bank interventions. Geopolitical events, trade balances and comparative economic growth also play important roles.
For traders, businesses and investors operating between Morocco and South Africa, MADZAR is relevant for trade settlement, hedging currency exposure and executing speculative or arbitrage strategies.
MADZAR Chart
MADZAR FAQ
What is the current MAD/ZAR price?
The current rate is R1.816289, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the MAD/ZAR rate changed today?
The rate has changed by +0.08981 (+5.2019%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R1.726480, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is MAD/ZAR moving up or down?
Movements in MAD/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+5.2019%) is based on the difference between the current rate and the previous closing rate.
Is MAD/ZAR trending up or down right now?
If the current rate (R1.816289) is above the previous close (R1.726480), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for MAD/ZAR directly on this page.
