Moroccan dirham pound sterling exchange rate history (MAD GBP) October 2023

Moroccan dirham pound sterling history for October 2023. The highest quote for this month is 0.082814 (18/10/2023) and the lowest 0.082918 (16/10/2023). The difference between high and low is -0.13.

MAD GBP average rate for October 2023 is 0.08075, the change between 01/10/2023 and 31/10/2023 is -0.26 %.

01 October 2023	1 MAD = 0.0797 GBP
02 October 2023	1 MAD = 0.0824 GBP
03 October 2023	1 MAD = 0.0802 GBP
04 October 2023	1 MAD = 0.0802 GBP
05 October 2023	1 MAD = 0.0800 GBP
06 October 2023	1 MAD = 0.0821 GBP
09 October 2023	1 MAD = 0.0829 GBP
10 October 2023	1 MAD = 0.0813 GBP
11 October 2023	1 MAD = 0.0793 GBP
12 October 2023	1 MAD = 0.0793 GBP
13 October 2023	1 MAD = 0.0801 GBP
16 October 2023	1 MAD = 0.0832 GBP
17 October 2023	1 MAD = 0.0799 GBP
18 October 2023	1 MAD = 0.0802 GBP
19 October 2023	1 MAD = 0.0828 GBP
20 October 2023	1 MAD = 0.0800 GBP
22 October 2023	1 MAD = 0.0797 GBP
23 October 2023	1 MAD = 0.0826 GBP
24 October 2023	1 MAD = 0.0791 GBP
25 October 2023	1 MAD = 0.0799 GBP
26 October 2023	1 MAD = 0.0805 GBP
27 October 2023	1 MAD = 0.0803 GBP
29 October 2023	1 MAD = 0.0803 GBP
30 October 2023	1 MAD = 0.0829 GBP
31 October 2023	1 MAD = 0.0800 GBP

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.

Historic Moroccan dirham Pound sterling