Moroccan dirham egyptian pound exchange rate history (MAD EGP) October 2023

Moroccan dirham egyptian pound history for October 2023. The highest quote for this month is 3.1189 (11/10/2023) and the lowest 3.1238 (12/10/2023). The difference between high and low is -0.16.

MAD EGP average rate for October 2023 is 3.02941, the change between 01/10/2023 and 31/10/2023 is -0.1 %.

01 October 2023	1 MAD = 3.000 EGP
02 October 2023	1 MAD = 3.115 EGP
03 October 2023	1 MAD = 2.995 EGP
04 October 2023	1 MAD = 2.991 EGP
05 October 2023	1 MAD = 2.987 EGP
06 October 2023	1 MAD = 3.078 EGP
07 October 2023	1 MAD = 2.996 EGP
09 October 2023	1 MAD = 3.115 EGP
10 October 2023	1 MAD = 3.073 EGP
11 October 2023	1 MAD = 3.010 EGP
12 October 2023	1 MAD = 3.018 EGP
13 October 2023	1 MAD = 3.013 EGP
16 October 2023	1 MAD = 3.118 EGP
17 October 2023	1 MAD = 3.014 EGP
18 October 2023	1 MAD = 3.015 EGP
19 October 2023	1 MAD = 3.106 EGP
20 October 2023	1 MAD = 2.997 EGP
21 October 2023	1 MAD = 2.988 EGP
22 October 2023	1 MAD = 2.988 EGP
23 October 2023	1 MAD = 3.102 EGP
24 October 2023	1 MAD = 2.991 EGP
25 October 2023	1 MAD = 3.001 EGP
26 October 2023	1 MAD = 3.009 EGP
27 October 2023	1 MAD = 3.009 EGP
28 October 2023	1 MAD = 3.000 EGP
29 October 2023	1 MAD = 3.004 EGP
30 October 2023	1 MAD = 3.089 EGP
31 October 2023	1 MAD = 3.003 EGP

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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound 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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

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

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

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Moroccan dirham Egyptian Pound