DEFINITION of 'MAD'

In currencies, this is the abbreviation for the Moroccan Dirham.

BREAKING DOWN 'MAD'

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.

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    Knowing the value of your home currency in relation to different foreign currencies helps investors to analyze investments ... Read Answer >>
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    Trading money, particularly in the forex market, is a speculative risk, as you are betting that the value of a currency will ... Read Answer >>
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