Moroccan dirham philippine peso exchange rate history (MAD PHP) August 2023

Moroccan dirham philippine peso history for August 2023. The highest quote for this month is 5.9943 (09/08/2023) and the lowest 5.9759 (08/08/2023). The difference between high and low is 0.31.

MAD PHP average rate for August 2023 is 5.75868, the change between 01/08/2023 and 31/08/2023 is -4.29 %.

01 August 2023	1 MAD = 5.56 PHP
02 August 2023	1 MAD = 5.57 PHP
03 August 2023	1 MAD = 5.76 PHP
04 August 2023	1 MAD = 5.68 PHP
07 August 2023	1 MAD = 5.89 PHP
08 August 2023	1 MAD = 5.90 PHP
09 August 2023	1 MAD = 6.00 PHP
10 August 2023	1 MAD = 5.98 PHP
11 August 2023	1 MAD = 5.93 PHP
12 August 2023	1 MAD = 5.73 PHP
14 August 2023	1 MAD = 5.96 PHP
15 August 2023	1 MAD = 5.77 PHP
16 August 2023	1 MAD = 5.76 PHP
17 August 2023	1 MAD = 5.72 PHP
18 August 2023	1 MAD = 5.71 PHP
19 August 2023	1 MAD = 5.62 PHP
20 August 2023	1 MAD = 5.62 PHP
21 August 2023	1 MAD = 5.90 PHP
22 August 2023	1 MAD = 5.64 PHP
23 August 2023	1 MAD = 5.62 PHP
24 August 2023	1 MAD = 5.65 PHP
25 August 2023	1 MAD = 5.64 PHP
28 August 2023	1 MAD = 5.82 PHP
29 August 2023	1 MAD = 5.75 PHP
30 August 2023	1 MAD = 5.77 PHP
31 August 2023	1 MAD = 5.79 PHP

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.

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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced 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.

11/09/1970: Introduction of the New Peso

The New Central Bank Act is enacted, leading to the introduction of a new currency called the New Peso, with a conversion rate of 1 New Peso to 2 old pesos.

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

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

04/07/1949: Central Bank of the Philippines

The Central Bank of the Philippines is established with the task of issuing and managing the Philippine currency.

20/10/1944: Introduction of the Philippine Liberation Peso

The United States-issued Philippine Liberation Peso is introduced to replace the Japanese-issued currency, serving as a transitional currency.

02/01/1942: Japanese Occupation

During World War II, the Japanese forces occupy the Philippines and introduce the Japanese-issued Philippine peso, known as Mickey Mouse money.

24/12/1933: Introduction of the Commonwealth Peso

The Commonwealth Act No. 265 is passed, creating a new Philippine currency called the Commonwealth Peso to replace the previous Peso.

12/06/1898: Philippine Independence

The Philippines declares independence from Spanish rule, leading to the establishment of the First Philippine Republic and the issuance of new currency.

01/05/1852: Introduction of the Peso

The Spanish colonial government issues the first official currency of the Philippines, known as the Peso, with a conversion rate of 2 Spanish reales to 1 Peso.

Historic Moroccan dirham Philippine peso