Historic Moroccan dirham Qatari Rial

Moroccan dirham qatari rial history for December 2023. The highest quote for this month is 0.37938 (29/12/2023) and the lowest 0.38397 (28/12/2023). The difference between high and low is -1.21.

MAD QAR average rate for December 2023 is 0.36585, the change between 01/12/2023 and 31/12/2023 is +1.26 %.

01 December 20231 MAD = 0.3728 QAR
02 December 20231 MAD = 0.3611 QAR
03 December 20231 MAD = 0.3610 QAR
04 December 20231 MAD = 0.3727 QAR
05 December 20231 MAD = 0.3611 QAR
06 December 20231 MAD = 0.3605 QAR
07 December 20231 MAD = 0.3604 QAR
08 December 20231 MAD = 0.3599 QAR
10 December 20231 MAD = 0.3583 QAR
11 December 20231 MAD = 0.3702 QAR
12 December 20231 MAD = 0.3692 QAR
13 December 20231 MAD = 0.3698 QAR
14 December 20231 MAD = 0.3571 QAR
15 December 20231 MAD = 0.3610 QAR
16 December 20231 MAD = 0.3598 QAR
17 December 20231 MAD = 0.3598 QAR
18 December 20231 MAD = 0.3701 QAR
19 December 20231 MAD = 0.3714 QAR
20 December 20231 MAD = 0.3604 QAR
21 December 20231 MAD = 0.3624 QAR
22 December 20231 MAD = 0.3654 QAR
23 December 20231 MAD = 0.3671 QAR
24 December 20231 MAD = 0.3671 QAR
25 December 20231 MAD = 0.3795 QAR
26 December 20231 MAD = 0.3792 QAR
27 December 20231 MAD = 0.3672 QAR
28 December 20231 MAD = 0.3715 QAR
29 December 20231 MAD = 0.3681 QAR

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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

01/05/1999: Introduction of the third dirham

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

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

12/12/1980: Introduction of the second dirham

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

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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

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

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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

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