DRK
MAD
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Draken(DRK) to Moroccan Dirham(MAD). This is the real-time data. The current conversion shows 1 DRK at a value of 1 DRK for 0.01 MAD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
MAD 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.
Bitget crypto-to-fiat exchange data shows that the most popular Draken currency pair is the DRK to MAD, with for Draken's currency code being DRK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MAD.
DRK to MAD conversion rate trend
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In the past 1D, Draken has changed +0.00% to MAD. Based on the trend and price charts, Draken(DRK) has changed +0.00% to MAD while Moroccan Dirham(MAD) has changed % to DRK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | د.م.0.007055 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/23 00:35:35(UTC+0)
How to buy Draken
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Draken (DRK)
Use a variety of payment options to buy Draken on Bitget. We'll show you how.
Buy DRK (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading does not currently support direct buying of DRK with MAD. However, you can buy USDT in Bitget P2P trading first, and then buy DRK with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell DRK (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading currently does not support direct selling of DRK to MAD. However, you can first exchange DRK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Draken to Moroccan Dirham?
Draken to Moroccan Dirham is rising this week.Draken's current market price is د.م. 0.007055 per DRK, with a total market cap of د.م. 0 MAD based on a circulating supply of -- DRK. The trading volume of Draken has changed by 0.00% (د.م. 0 MAD) in the last 24 hours. Last trading day, DRK's trading volume was د.م. 0.
Market cap
$0
24h volume
$0
Circulating supply
0 DRK
Conversion tables
The exchange rate of Draken is increasing.1 DRK is currently valued at د.م. 0.007055 MAD , which means buying 5 DRK will cost د.م. 0.03528 MAD . Similarly, د.م.1 MAD can be traded for 141.74 DRK, and د.م.50 MAD can be converted to 7,087.02 DRK, excluding any platform or gas fees.
The exchange rate of 1 DRK to Moroccan Dirham has changed by +0.03% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 0.007061 MAD and a low of 0.007045 MAD . One month ago, the value of 1 DRK was د.م. 0.007052 MAD , which represents a +0.05% change from its current value. Over the last year, Draken has changed by , resulting in a change of +66.75% in its value.
+د.م.
0.002825MADDRK to MAD
Amount
06:52 am today
0.5 DRK
د.م.0.003528
1 DRK
د.م.0.007055
5 DRK
د.م.0.03528
10 DRK
د.م.0.07055
50 DRK
د.م.0.3528
100 DRK
د.م.0.7055
500 DRK
د.م.3.53
1000 DRK
د.م.7.06
MAD to DRK
Amount06:52 am today
0.5MAD70.87 DRK
1MAD141.74 DRK
5MAD708.7 DRK
10MAD1,417.4 DRK
50MAD7,087.02 DRK
100MAD14,174.04 DRK
500MAD70,870.22 DRK
1000MAD141,740.45 DRK
Today vs. 24 hours ago
| Amount | 06:52 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DRK | $0.0003501 | $0.0003501 | +0.00% |
| 1 DRK | $0.0007003 | $0.0007003 | +0.00% |
| 5 DRK | $0.003501 | $0.003501 | +0.00% |
| 10 DRK | $0.007003 | $0.007003 | +0.00% |
| 50 DRK | $0.03501 | $0.03501 | +0.00% |
| 100 DRK | $0.07003 | $0.07003 | +0.00% |
| 500 DRK | $0.3501 | $0.3501 | +0.00% |
| 1000 DRK | $0.7003 | $0.7003 | +0.00% |
Today vs. 1 month ago
| Amount | 06:52 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DRK | $0.0003501 | $0.0003500 | +0.05% |
| 1 DRK | $0.0007003 | $0.0007000 | +0.05% |
| 5 DRK | $0.003501 | $0.003500 | +0.05% |
| 10 DRK | $0.007003 | $0.007000 | +0.05% |
| 50 DRK | $0.03501 | $0.03500 | +0.05% |
| 100 DRK | $0.07003 | $0.07000 | +0.05% |
| 500 DRK | $0.3501 | $0.3500 | +0.05% |
| 1000 DRK | $0.7003 | $0.7000 | +0.05% |
Today vs. 1 year ago
| Amount | 06:52 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DRK | $0.0003501 | $0.0002100 | +66.75% |
| 1 DRK | $0.0007003 | $0.0004199 | +66.75% |
| 5 DRK | $0.003501 | $0.002100 | +66.75% |
| 10 DRK | $0.007003 | $0.004199 | +66.75% |
| 50 DRK | $0.03501 | $0.02100 | +66.75% |
| 100 DRK | $0.07003 | $0.04199 | +66.75% |
| 500 DRK | $0.3501 | $0.2100 | +66.75% |
| 1000 DRK | $0.7003 | $0.4199 | +66.75% |
Draken price prediction
What will the price of DRK be in 2025?
Based on DRK's historical price performance prediction model, the price of DRK is projected to reach $0.0007189 in 2025.
What will the price of DRK be in 2030?
In 2030, the DRK price is expected to change by -5.00%. By the end of 2030, the DRK price is projected to reach $0.001107, with a cumulative ROI of +58.08%.
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Popular Draken conversions
Check out these popular currency conversions of Draken to several fiat currencies.
Draken to USD
1 DRK to $ 0.0007003 USD
Draken to GBP
1 DRK to £ 0.0005588 GBP
Draken to EUR
1 DRK to € 0.0006721 EUR
Draken to KRW
1 DRK to ₩ 0.9836 KRW
Draken to CAD
1 DRK to $ 0.0009827 CAD
Draken to AUD
1 DRK to $ 0.001077 AUD
Draken to JPY
1 DRK to ¥ 0.1084 JPY
Draken to BRL
1 DRK to R$ 0.004062 BRL
Draken to CNY
1 DRK to ¥ 0.005079 CNY
Draken to TWD
1 DRK to NT$ 0.02282 TWD
Popular cryptocurrencies to MAD
Explore other cryptocurrencies based on your interest in Draken.
Bitcoin to MAD
1 BTC to د.م. 996,111.86 MAD
EGO to MAD
1 EGO to د.م. 0.2253 MAD
Evan to MAD
1 EVAN to د.م. 0.2119 MAD
MAD to MAD
1 MAD to د.م. 0.0005395 MAD
Dogecoin to MAD
1 DOGE to د.م. 4.67 MAD
Stellar to MAD
1 XLM to د.م. 4.39 MAD
Hedera to MAD
1 HBAR to د.م. 1.5 MAD
Sui to MAD
1 SUI to د.م. 36.23 MAD
Algorand to MAD
1 ALGO to د.م. 3.14 MAD
VeChain to MAD
1 VET to د.م. 0.4317 MAD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Draken and MAD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Draken and MAD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Draken in MAD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
