Convert 5 Argentine Peso (ARS) to Moroccan Dirham (MAD)
Exchange rates used for currency conversion updated on November 21st 2024 ( 11/21/2024 )
Below you will find the latest exchange rates for exchanging Argentine Peso (ARS) to Moroccan Dirham (MAD) , a table containing most common conversions and a chart with the pair's evolution.
The Argentine Peso (ARS) to Moroccan Dirham (MAD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Argentine Peso and Moroccan Dirham on 11/21/2024 is 1 ARS = 0.01 MAD - AVERAGE intraday quotes were used for this currency conversion.
The ARS is the currency code for the Argentine Peso. The current ARS has been somewhat stable since 1992 when the Central Bank of Argentina began effective management of the currency by focusing on a stable ARS to USD exchange rate. This, after 23 years of inflation that devalued the currency by a staggering ten trillion times. The current inflation rate in Argentina hovers around 22%.
ARS pesos are split into 100 units each of which is known as a centavo. The currency is currently minted and issued as coins in the following denominations: 5, 10, 25, and 50 centavos, 1 and 2 pesos; and as banknotes in 2, 5, 10, 20, 50, and 100 pesos denominations.
About Moroccan Dirham (MAD)
Morocco is located in North Africa and is officially referred to as the Kingdom of Morocco. The official currency of Morocco is the Moroccan Dirham. The Dirham is sub-divided into centimes. Money is released in the country through the Bank Al-Maghrib which is the central bank in Morocco. Visitors to the country can exchange currency through the Official Bureauz De Change. Exchanging money in the streets in Morocco is illegal.
