Moroccan dirham malaysian ringgit exchange rate history (MAD MYR) August 2023

Moroccan dirham malaysian ringgit history for August 2023. The highest quote for this month is 0.48729 (09/08/2023) and the lowest 0.48748 (21/08/2023). The difference between high and low is -0.04.

MAD MYR average rate for August 2023 is 0.47184, the change between 01/08/2023 and 31/08/2023 is -2.97 %.

01 August 2023	1 MAD = 0.4597 MYR
02 August 2023	1 MAD = 0.4583 MYR
03 August 2023	1 MAD = 0.4740 MYR
04 August 2023	1 MAD = 0.4625 MYR
07 August 2023	1 MAD = 0.4862 MYR
08 August 2023	1 MAD = 0.4784 MYR
09 August 2023	1 MAD = 0.4880 MYR
10 August 2023	1 MAD = 0.4853 MYR
11 August 2023	1 MAD = 0.4823 MYR
12 August 2023	1 MAD = 0.4645 MYR
14 August 2023	1 MAD = 0.4827 MYR
15 August 2023	1 MAD = 0.4683 MYR
16 August 2023	1 MAD = 0.4693 MYR
17 August 2023	1 MAD = 0.4675 MYR
18 August 2023	1 MAD = 0.4686 MYR
19 August 2023	1 MAD = 0.4653 MYR
20 August 2023	1 MAD = 0.4653 MYR
21 August 2023	1 MAD = 0.4879 MYR
22 August 2023	1 MAD = 0.4662 MYR
23 August 2023	1 MAD = 0.4650 MYR
24 August 2023	1 MAD = 0.4650 MYR
25 August 2023	1 MAD = 0.4625 MYR
28 August 2023	1 MAD = 0.4772 MYR
29 August 2023	1 MAD = 0.4719 MYR
30 August 2023	1 MAD = 0.4726 MYR
31 August 2023	1 MAD = 0.4734 MYR

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

02/06/2014: Introduction of the fourth dirham

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

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

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.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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

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

Historic Moroccan dirham Malaysian ringgit