RED
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 RED(RED) to Moroccan Dirham(MAD). This is the real-time data. The current conversion shows 1 RED at a value of 1 RED 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 RED currency pair is the RED to MAD, with for RED's currency code being RED. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MAD.
RED to MAD conversion rate trend
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In the past 1D, RED has changed -5.58% to MAD. Based on the trend and price charts, RED(RED) has changed -5.58% to MAD while Moroccan Dirham(MAD) has changed % to RED in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | د.م.0.01032 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | د.م.0.01031 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/24 16:00:14(UTC+0)
How to buy RED
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy RED (RED)
Use a variety of payment options to buy RED on Bitget. We'll show you how.
Buy RED (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading does not currently support direct buying of RED with MAD. However, you can buy USDT in Bitget P2P trading first, and then buy RED 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 RED (or USDT) for MAD (Moroccan Dirham) offers
Bitget P2P trading currently does not support direct selling of RED to MAD. However, you can first exchange RED 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 RED to Moroccan Dirham?
RED to Moroccan Dirham is falling this week.RED's current market price is د.م. 0.01032 per RED, with a total market cap of د.م. 0 MAD based on a circulating supply of -- RED. The trading volume of RED has changed by -95.87% (د.م. -4,903.35 MAD) in the last 24 hours. Last trading day, RED's trading volume was د.م. 5,114.75.
Market cap
$0
24h volume
$21.01252664
Circulating supply
0 RED
Conversion tables
The exchange rate of RED is increasing.1 RED is currently valued at د.م. 0.01032 MAD , which means buying 5 RED will cost د.م. 0.05160 MAD . Similarly, د.م.1 MAD can be traded for 96.9 RED, and د.م.50 MAD can be converted to 4,845.08 RED, excluding any platform or gas fees.
The exchange rate of 1 RED to Moroccan Dirham has changed by -11.51% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.58%, reaching a high of 0.01093 MAD and a low of 0.01031 MAD . One month ago, the value of 1 RED was د.م. 0.008903 MAD , which represents a +15.91% change from its current value. Over the last year, RED has changed by , resulting in a change of -53.39% in its value.
-د.م.
0.01182MADRED to MAD
Amount
22:13 today
0.5 RED
د.م.0.005160
1 RED
د.م.0.01032
5 RED
د.م.0.05160
10 RED
د.م.0.1032
50 RED
د.م.0.5160
100 RED
د.م.1.03
500 RED
د.م.5.16
1000 RED
د.م.10.32
MAD to RED
Amount22:13 today
0.5MAD48.45 RED
1MAD96.9 RED
5MAD484.51 RED
10MAD969.02 RED
50MAD4,845.08 RED
100MAD9,690.17 RED
500MAD48,450.83 RED
1000MAD96,901.66 RED
Today vs. 24 hours ago
| Amount | 22:13 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RED | $0.0005129 | $0.0005432 | -5.58% |
| 1 RED | $0.001026 | $0.001086 | -5.58% |
| 5 RED | $0.005129 | $0.005432 | -5.58% |
| 10 RED | $0.01026 | $0.01086 | -5.58% |
| 50 RED | $0.05129 | $0.05432 | -5.58% |
| 100 RED | $0.1026 | $0.1086 | -5.58% |
| 500 RED | $0.5129 | $0.5432 | -5.58% |
| 1000 RED | $1.03 | $1.09 | -5.58% |
Today vs. 1 month ago
| Amount | 22:13 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RED | $0.0005129 | $0.0004425 | +15.91% |
| 1 RED | $0.001026 | $0.0008849 | +15.91% |
| 5 RED | $0.005129 | $0.004425 | +15.91% |
| 10 RED | $0.01026 | $0.008849 | +15.91% |
| 50 RED | $0.05129 | $0.04425 | +15.91% |
| 100 RED | $0.1026 | $0.08849 | +15.91% |
| 500 RED | $0.5129 | $0.4425 | +15.91% |
| 1000 RED | $1.03 | $0.8849 | +15.91% |
Today vs. 1 year ago
| Amount | 22:13 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RED | $0.0005129 | $0.001100 | -53.39% |
| 1 RED | $0.001026 | $0.002201 | -53.39% |
| 5 RED | $0.005129 | $0.01100 | -53.39% |
| 10 RED | $0.01026 | $0.02201 | -53.39% |
| 50 RED | $0.05129 | $0.1100 | -53.39% |
| 100 RED | $0.1026 | $0.2201 | -53.39% |
| 500 RED | $0.5129 | $1.1 | -53.39% |
| 1000 RED | $1.03 | $2.2 | -53.39% |
RED price prediction
What will the price of RED be in 2025?
Based on RED's historical price performance prediction model, the price of RED is projected to reach $0.001986 in 2025.
What will the price of RED be in 2030?
In 2030, the RED price is expected to change by -18.00%. By the end of 2030, the RED price is projected to reach $0.001980, with a cumulative ROI of +76.31%.
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Popular RED conversions
Check out these popular currency conversions of RED to several fiat currencies.
RED to USD
1 RED to $ 0.001026 USD
RED to GBP
1 RED to £ 0.0008143 GBP
RED to EUR
1 RED to € 0.0009788 EUR
RED to KRW
1 RED to ₩ 1.44 KRW
RED to CAD
1 RED to $ 0.001431 CAD
RED to AUD
1 RED to $ 0.001569 AUD
RED to JPY
1 RED to ¥ 0.1582 JPY
RED to BRL
1 RED to R$ 0.005950 BRL
RED to CNY
1 RED to ¥ 0.007459 CNY
RED to TWD
1 RED to NT$ 0.03342 TWD
Popular cryptocurrencies to MAD
Explore other cryptocurrencies based on your interest in RED.
Bitcoin to MAD
1 BTC to د.م. 978,152.93 MAD
MAD to MAD
1 MAD to د.م. 0.0003629 MAD
XRP to MAD
1 XRP to د.م. 14.49 MAD
Stellar to MAD
1 XLM to د.م. 5.76 MAD
Kusama to MAD
1 KSM to د.م. 413 MAD
Dogecoin to MAD
1 DOGE to د.م. 4.3 MAD
Hedera to MAD
1 HBAR to د.م. 1.49 MAD
Cardano to MAD
1 ADA to د.م. 10.29 MAD
Polkadot to MAD
1 DOT to د.م. 89.9 MAD
Solana to MAD
1 SOL to د.م. 2,529.39 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 RED 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 RED 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 RED 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.
