Japanese Yen moroccan dirham exchange rate history (JPY MAD) August 2023

Japanese Yen moroccan dirham history for August 2023. The highest quote for this month is 0.068713 (02/08/2023) and the lowest 0.06867 (20/08/2023). The difference between high and low is 0.06.

JPY MAD average rate for August 2023 is 0.0674, the change between 01/08/2023 and 31/08/2023 is +3.11 %.

01 August 2023	1 JPY = 0.0692 MAD
02 August 2023	1 JPY = 0.0690 MAD
03 August 2023	1 JPY = 0.0670 MAD
04 August 2023	1 JPY = 0.0689 MAD
07 August 2023	1 JPY = 0.0660 MAD
08 August 2023	1 JPY = 0.0668 MAD
09 August 2023	1 JPY = 0.0655 MAD
10 August 2023	1 JPY = 0.0655 MAD
11 August 2023	1 JPY = 0.0654 MAD
12 August 2023	1 JPY = 0.0681 MAD
14 August 2023	1 JPY = 0.0656 MAD
15 August 2023	1 JPY = 0.0678 MAD
16 August 2023	1 JPY = 0.0678 MAD
17 August 2023	1 JPY = 0.0676 MAD
18 August 2023	1 JPY = 0.0681 MAD
20 August 2023	1 JPY = 0.0687 MAD
21 August 2023	1 JPY = 0.0655 MAD
22 August 2023	1 JPY = 0.0682 MAD
23 August 2023	1 JPY = 0.0685 MAD
24 August 2023	1 JPY = 0.0691 MAD
25 August 2023	1 JPY = 0.0687 MAD
28 August 2023	1 JPY = 0.0663 MAD
29 August 2023	1 JPY = 0.0673 MAD
30 August 2023	1 JPY = 0.0673 MAD
31 August 2023	1 JPY = 0.0671 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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

02/06/2014: Introduction of the fourth dirham

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

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

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.

01/05/1999: Introduction of the third dirham

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

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

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

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

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.

Historic Japanese Yen Moroccan dirham