Historic Pound sterling Moroccan dirham

Pound sterling moroccan dirham history for October 2023. The highest quote for this month is 12.551 (22/10/2023) and the lowest 12.559 (22/10/2023). The difference between high and low is -0.06.

GBP MAD average rate for October 2023 is 12.3868, the change between 01/10/2023 and 31/10/2023 is +0.26 %.

01 October 20231 GBP = 12.54 MAD
02 October 20231 GBP = 12.14 MAD
03 October 20231 GBP = 12.47 MAD
04 October 20231 GBP = 12.47 MAD
05 October 20231 GBP = 12.50 MAD
06 October 20231 GBP = 12.19 MAD
09 October 20231 GBP = 12.06 MAD
10 October 20231 GBP = 12.31 MAD
11 October 20231 GBP = 12.61 MAD
12 October 20231 GBP = 12.61 MAD
13 October 20231 GBP = 12.48 MAD
16 October 20231 GBP = 12.02 MAD
17 October 20231 GBP = 12.52 MAD
18 October 20231 GBP = 12.47 MAD
19 October 20231 GBP = 12.08 MAD
20 October 20231 GBP = 12.50 MAD
22 October 20231 GBP = 12.55 MAD
23 October 20231 GBP = 12.11 MAD
24 October 20231 GBP = 12.64 MAD
25 October 20231 GBP = 12.52 MAD
26 October 20231 GBP = 12.42 MAD
27 October 20231 GBP = 12.45 MAD
29 October 20231 GBP = 12.46 MAD
30 October 20231 GBP = 12.06 MAD
31 October 20231 GBP = 12.51 MAD

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

23/06/2016: Brexit Referendum

The United Kingdom voted to leave the European Union, causing significant uncertainty and volatility in the pound sterling's value.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate based on market forces.

31/12/1999: Establishment of the Euro

The euro was introduced as an electronic currency, paving the way for the eventual replacement of some national currencies, including the pound.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

16/09/1992: Black Wednesday

The pound sterling experienced a severe drop in value and the UK was forced to withdraw from the European Exchange Rate Mechanism (ERM).

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

14/02/1971: Decimalization of the Pound

The pound sterling was decimalized, with the old system of pounds, shillings and pence replaced by a decimal currency.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

06/12/1921: Currency Separation with Ireland

Following the Anglo-Irish Treaty, Ireland left the United Kingdom and established its own currency, leading to separate pound sterling notes.

21/12/1816: Gold Standard Introduced

The pound sterling was officially placed on the gold standard, meaning it was backed by a fixed amount of gold.

27/07/1694: Bank of England Established

The Bank of England was founded and granted a royal charter, becoming the central bank of England.