Mexican peso moroccan dirham exchange rate history (MXN MAD) December 2023

Mexican peso moroccan dirham history for December 2023. The highest quote for this month is 0.58825 (16/12/2023) and the lowest 0.58825 (16/12/2023). The difference between high and low is 0.

MXN MAD average rate for December 2023 is 0.57922, the change between 01/12/2023 and 31/12/2023 is -3.44 %.

01 December 2023	1 MXN = 0.5618 MAD
02 December 2023	1 MXN = 0.5872 MAD
03 December 2023	1 MXN = 0.5874 MAD
04 December 2023	1 MXN = 0.5680 MAD
05 December 2023	1 MXN = 0.5774 MAD
06 December 2023	1 MXN = 0.5816 MAD
07 December 2023	1 MXN = 0.5840 MAD
08 December 2023	1 MXN = 0.5786 MAD
10 December 2023	1 MXN = 0.5863 MAD
11 December 2023	1 MXN = 0.5667 MAD
12 December 2023	1 MXN = 0.5676 MAD
13 December 2023	1 MXN = 0.5688 MAD
14 December 2023	1 MXN = 0.5903 MAD
15 December 2023	1 MXN = 0.5864 MAD
16 December 2023	1 MXN = 0.5883 MAD
17 December 2023	1 MXN = 0.5869 MAD
18 December 2023	1 MXN = 0.5711 MAD
19 December 2023	1 MXN = 0.5710 MAD
20 December 2023	1 MXN = 0.5920 MAD
21 December 2023	1 MXN = 0.5860 MAD
22 December 2023	1 MXN = 0.5846 MAD
23 December 2023	1 MXN = 0.5844 MAD
24 December 2023	1 MXN = 0.5836 MAD
25 December 2023	1 MXN = 0.5648 MAD
26 December 2023	1 MXN = 0.5653 MAD
27 December 2023	1 MXN = 0.5839 MAD
28 December 2023	1 MXN = 0.5791 MAD
29 December 2023	1 MXN = 0.5832 MAD
31 December 2023	1 MXN = 0.5811 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.

02/06/2014: Introduction of the fourth dirham

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

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

01/05/1999: Introduction of the third dirham

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

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

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.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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

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

Historic Mexican peso Moroccan dirham