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

Moroccan dirham egyptian pound history for September 2023. The highest quote for this month is 3.1426 (14/09/2023) and the lowest 3.1275 (14/09/2023). The difference between high and low is 0.48.

MAD EGP average rate for September 2023 is 3.05088, the change between 01/09/2023 and 30/09/2023 is +4.46 %.

01 September 2023	1 MAD = 3.140 EGP
04 September 2023	1 MAD = 3.103 EGP
05 September 2023	1 MAD = 3.131 EGP
06 September 2023	1 MAD = 3.130 EGP
07 September 2023	1 MAD = 3.029 EGP
08 September 2023	1 MAD = 3.038 EGP
11 September 2023	1 MAD = 3.123 EGP
12 September 2023	1 MAD = 3.133 EGP
13 September 2023	1 MAD = 3.045 EGP
14 September 2023	1 MAD = 3.045 EGP
15 September 2023	1 MAD = 3.015 EGP
18 September 2023	1 MAD = 3.111 EGP
19 September 2023	1 MAD = 3.006 EGP
20 September 2023	1 MAD = 3.010 EGP
21 September 2023	1 MAD = 3.007 EGP
22 September 2023	1 MAD = 3.003 EGP
23 September 2023	1 MAD = 3.007 EGP
25 September 2023	1 MAD = 3.095 EGP
26 September 2023	1 MAD = 3.009 EGP
27 September 2023	1 MAD = 3.009 EGP
28 September 2023	1 MAD = 2.991 EGP
29 September 2023	1 MAD = 2.994 EGP
30 September 2023	1 MAD = 3.000 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