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

Moroccan dirham malaysian ringgit history for October 2023. The highest quote for this month is 0.47938 (24/10/2023) and the lowest 0.48073 (24/10/2023). The difference between high and low is -0.28.

MAD MYR average rate for October 2023 is 0.46557, the change between 01/10/2023 and 31/10/2023 is -1.45 %.

01 October 2023	1 MAD = 0.4564 MYR
02 October 2023	1 MAD = 0.4715 MYR
03 October 2023	1 MAD = 0.4570 MYR
04 October 2023	1 MAD = 0.4573 MYR
05 October 2023	1 MAD = 0.4591 MYR
06 October 2023	1 MAD = 0.4726 MYR
07 October 2023	1 MAD = 0.4589 MYR
09 October 2023	1 MAD = 0.4774 MYR
10 October 2023	1 MAD = 0.4709 MYR
11 October 2023	1 MAD = 0.4606 MYR
12 October 2023	1 MAD = 0.4607 MYR
13 October 2023	1 MAD = 0.4597 MYR
16 October 2023	1 MAD = 0.4779 MYR
17 October 2023	1 MAD = 0.4618 MYR
18 October 2023	1 MAD = 0.4623 MYR
19 October 2023	1 MAD = 0.4768 MYR
20 October 2023	1 MAD = 0.4624 MYR
21 October 2023	1 MAD = 0.4615 MYR
22 October 2023	1 MAD = 0.4615 MYR
23 October 2023	1 MAD = 0.4788 MYR
24 October 2023	1 MAD = 0.4617 MYR
25 October 2023	1 MAD = 0.4650 MYR
26 October 2023	1 MAD = 0.4657 MYR
27 October 2023	1 MAD = 0.4664 MYR
28 October 2023	1 MAD = 0.4644 MYR
29 October 2023	1 MAD = 0.4651 MYR
30 October 2023	1 MAD = 0.4799 MYR
31 October 2023	1 MAD = 0.4630 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