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A current loop is a closed path carrying electric current. For a thin wire following a closed curve $C$, the volume integral defining its magnetic dipole moment becomes a line integral:The vector area $\mathbf{A}$ is $A\hat{\mathbf{n}}$ for a planar current loop. For a nonplanar current loop, use the vector area, rather than the scalar area of an arbitrarily chosen spanning surface. Reversing the electric current reverses $\mathbf{m}$ without changing the geometry. ^[ref].

For $N$ closely spaced identical turns carrying the same electric current, the magnetic dipole moments add: $\mathbf{m}=NIA\hat{\mathbf{n}}$. Each turn contributes its own vector area; unequal areas or differently oriented turns require a vector sum. As a calculated example, twelve circular turns of radius $R=3.0\mathrm{cm}$ carrying $I=0.40\mathrm{A}$ give $m=NI\pi R^2=1.36\times 10^{-2}\mathrm{A}{\mathrm{m}}^2$. This is an idealized example, not an experimental measurement.

Far outside a localized steady source of size $a$, at distance $r\gg a$, its multipole expansion starts with the magnetic dipole moment if that moment is nonzero. In vacuum, using SI units,where ${\mu }_0$ is the vacuum permeability, $\hat{\mathbf{r}}=\mathbf{r}/r$, and the magnetic field is the curl of the magnetic vector potential. The magnetic dipole field falls as $r^{-3}$, and the magnetic vector potential as $r^{-2}$. The localized steady-current moment identities remove the putative $r^{-1}$ term in the magnetic vector potential. No magnetic monopole is needed. If different current loops cancel the total magnetic dipole moment, a higher term of the multipole expansion supplies the leading distant magnetic field. ^[ref].

The approximation is not valid at the center of a finite current loop. For a circular current loop of radius $R$ and electric current $I$, the exact on-axis magnetic field of a circular current loop and the distant approximation areTheir ratio is $B_z/B_{z,\mathrm{dip}}=(1+R^2/z^2{)}^{-3/2}$: at $|z|=10R$, the approximate magnetic field exceeds the exact magnetic field by about $1.50\%$ relative to the exact value. Near the source, retain its geometry rather than replacing it with a point source specified only by its magnetic dipole moment.

A magnetic dipole moment is a vector that summarizes the strength and orientation of a localized magnetic source. For a planar current loop, it is the electric current times the vector area: $\mathbf{m}=IA\hat{\mathbf{n}}$. The right-hand rule fixes the unit normal vector $\hat{\mathbf{n}}$: curl the fingers of the right hand along the conventional current, and the thumb points along $\mathbf{m}$. This single vector predicts both the distant magnetic dipole field and the turning effect of an imposed magnetic field.^[ref]

The SI unit is ampere times square metre, $\mathrm{A}{\mathrm{m}}^2$, equivalently joule per tesla. A magnetic dipole moment is neither a magnetic field nor a magnetic monopole: a closed current loop can have a nonzero magnetic dipole moment while its net outward magnetic flux through any closed surface remains zero, as required by Gauss's law for magnetism.

For a localized, steady electric current density $\mathbf{J}(\mathbf{r})$, the more general definition isHere the cross product is integrated over the complete source, including return paths. Steadiness requires $\nabla \cdot \mathbf{J}=0$, and localization requires sufficiently rapid decay for the boundary terms to vanish. Under these assumptions the localized steady-current moment identities give $\int \mathbf{J}{d}^{3}r=0$: shifting the origin by $\mathbf{a}$ changes the proposed magnetic dipole moment by $-\frac{1}{2}\mathbf{a}\times \int \mathbf{J}{d}^{3}r=0$. An isolated open wire segment does not satisfy these assumptions. ^[ref].