MAD 500 = SGD 67.33
Convert1 MAD = 0.13466 SGD | 1 SGD = 7.42611 MAD
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
MAD to SGD Exchange Rate Chart
1 MAD = 0.13466 SGD
The exchange value of 500 MAD in Singapore Dollar is 67.330 SGD as on Feb 14.
You can check the exchange rate of 500 Moroccan Dirham to Singapore Dollar by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 500 MAD to SGD online is as follows:.
There are several online ways to convert MAD to SGD.
Most banks in India allow MAD to SGD conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow MAD to SGD conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including MAD.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange MAD to SGD. 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 SGD.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MAD to SGD conversion.
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Airports have forex counters where travelers can exchange MAD to SGD.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange MAD to SGD at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange MAD for SGD
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Moroccan Dirham (MAD) to Singapore Dollar (SGD) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
MAD is a strong and widely traded currency. If the exchange rate is favorable, converting MAD to SGD can give you more value for your money.
Since 1 MAD equals a significantly higher amount in SGD, converting MAD to SGD increases your purchasing power, allowing you to afford more goods and services in Singapore.
If you‘re an NRI, tourist, or returning from the Morocco, converting MAD to SGD ensures you have local currency for daily expenses, shopping, and travel within Singapore.
Converting MAD to SGD can help you invest in Singapore assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Morocco markets.
Using a direct MAD to SGD 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.
For businesses involved in international trade, converting MAD to SGD 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 SGD exchange.
Source of the rates:apilayer.com