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1000 MAD to LKR - Moroccan Dirham to Sri Lankan Rupee Exchange Rate

MAD
MAD - Moroccan DirhamDown Arrow
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LKR - Sri Lankan RupeeDown Arrow
Exchange Rate

MAD 1000 = LKR 29725.39

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1 MAD = 29.72539 LKR | 1 LKR = 0.03364 MAD

Last Updated Feb 14, 5:30 IST

MAD 1000 =LKR 29725.39

1 MAD = 29.72539 LKR
1 LKR = 0.03364 MAD
Convert
Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 MAD to LKR Exchange Rate Last 5 Days
Date
Sri Lankan Rupee Price
Feb 13, 2025
29.725359016492273
Feb 12, 2025
29.768203810308805
Feb 11, 2025
29.571975908030726
Feb 10, 2025
29.573146677824425
Feb 9, 2025
29.709566070976756

MAD to LKR Exchange Rate Chart

online1 MAD = 29.72539 LKR

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
MAD - Moroccan Dirham
Our currency rankings show that the most popular Moroccan Dirham exchange rate is the MAD to LKR rate. The currency code for Moroccan Dirham is MAD. The currency symbol is MAD.
More Moroccan Dirham inforight-arrow
LKR - Sri Lankan Rupee
Our currency rankings show that the most popular Sri Lankan Rupee exchange rate is the LKR to MAD rate. The currency code for Sri Lankan Rupee is LKR. The currency symbol is .
More Sri Lankan Rupee inforight-arrow
1 Moroccan Dirham to Sri Lankan Rupee stats
Last 30 Days
Last 90 Days
High
29.912
29.912
Low
29.434
28.911
Average
29.706
29.327
Volatility
0.33%
0.35%

How much is 1000 MAD in Sri Lankan Rupee

The exchange value of 1000 MAD in Sri Lankan Rupee is 29725.390 LKR as on Feb 14.

How to check the exchange rate of 1000 MAD to LKR with Paytm

You can check the exchange rate of 1000 Moroccan Dirham to Sri Lankan Rupee by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 1000 MAD to LKR online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 1000 in the Amount section and
  • Select the currency MAD - Moroccan Dirham in the "From" section
  • Select LKR - Sri Lankan Rupee in "To" section
  • Finally, click "Convert" to see the 1000 MAD to LKR conversion amount.

Methods to Convert (MAD) to Sri Lankan Rupee (LKR) Online

There are several online ways to convert MAD to LKR.

1. Online Banks

Most banks in India allow MAD to LKR conversion through their internet banking or mobile apps.

Steps to Convert MAD to LKR via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the MAD amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow MAD to LKR conversion quickly.

Steps to Convert MAD to LKR via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the MAD amount you want to convert.
  3. Choose LKR as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including MAD.

Steps to Convert MAD to LKR via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with MAD before traveling.
  3. Use it at ATMs in India to withdraw LKR.
  4. The card automatically converts MAD to LKR at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert MAD to LKR via Crypto:

  1. Buy Bitcoin (BTC) with MAD on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for LKR.
  4. Withdraw LKR to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert MAD to LKR Offline

There are several offline methods to exchange MAD to LKR. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your MAD cash and exchange it for LKR.

Steps to Exchange MAD to LKR at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the MAD cash.
  5. Receive LKR in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MAD to LKR conversion.

Steps to Exchange MAD to LKR at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the MAD cash for exchange.
  4. Receive LKR at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange MAD to LKR.

Steps to Exchange MAD to LKR at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over MAD and receive LKR instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange MAD to LKR at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and MAD cash.
  3. Receive LKR based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange MAD for LKR

Steps to Exchange MAD to LKR at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide MAD and receive LKR.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit LKR.
  • No official receipt or record.

Documents Required for MAD to LKR Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting MAD to LKR

  1. Compare Rates: Use online comparison tools to check the best MAD to LKR rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your LKR and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting MAD to LKR

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of MAD to LKR Conversion

Converting Moroccan Dirham (MAD) to Sri Lankan Rupee (LKR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

MAD is a strong and widely traded currency. If the exchange rate is favorable, converting MAD to LKR can give you more value for your money.

2. Higher Purchasing Power in Sri Lanka

Since 1 MAD equals a significantly higher amount in LKR, converting MAD to LKR increases your purchasing power, allowing you to afford more goods and services in Sri Lanka.

3. Supports Travel and Expenses in Sri Lanka

If you‘re an NRI, tourist, or returning from the Morocco, converting MAD to LKR ensures you have local currency for daily expenses, shopping, and travel within Sri Lanka.

4. Investment Opportunities

Converting MAD to LKR can help you invest in Sri Lanka assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Morocco markets.

5. Savings on Transaction Fees

Using a direct MAD to LKR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting MAD to LKR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of MAD to LKR exchange.

Frequently Asked Questions

FAQs

Can I convert MAD to LKR without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert MAD to LKR online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert MAD to LKR online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange MAD to LKR without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much MAD can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake LKR notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 1000 Moroccan Dirham (MAD) worth against the Sri Lankan Rupee?
1000 MAD is worth 29725.390 Sri Lankan Rupee today
What is the 25 Moroccan Dirham (MAD) worth against the Sri Lankan Rupee?
25 MAD is worth 743.135 Sri Lankan Rupee today
What is the 1 Moroccan Dirham (MAD) worth against the Myanma Kyat?
1 MAD is worth 325.80737270413636 MMK today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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