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USDMAD

$--
--%
1d
1w
1m

Analysis and statistics

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  • Previous Close
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  • 52 Week Change
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  • Day Range
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  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
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About

The financial product symbol USDMAD.FOREX refers to the exchange rate between the United States Dollar (USD) and the Moroccan Dirham (MAD) in the foreign exchange (FOREX) market. It represents the price of one US dollar in terms of Moroccan Dirhams. The value of this pair fluctuates based on various economic factors affecting both the US and Moroccan economies, including interest rates, inflation, political stability, and trade balances. Trading in USDMAD.FOREX involves buying or selling one currency against the other with the expectation that the exchange rate will move in a favorable direction.
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Factors

Economic Growth: Stronger US growth typically strengthens the USD.

Interest Rates: Higher US interest rates attract investment, increasing USD demand.

Inflation: Higher US inflation weakens the USD.

Political Stability: US political stability strengthens the USD.

Moroccan Economic Performance: Stronger Moroccan economy weakens the USD.

Moroccan Interest Rates: Higher Moroccan rates weaken the USD.

Risk Sentiment: Risk aversion strengthens the USD.

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