Moroccan dirham rwandan franc exchange rate history (MAD RWF) August 2023

Moroccan dirham rwandan franc history for August 2023. The highest quote for this month is 123.77 (09/08/2023) and the lowest 124.03 (09/08/2023). The difference between high and low is -0.21.

MAD RWF average rate for August 2023 is 119.91115, the change between 01/08/2023 and 31/08/2023 is -1.7 %.

01 August 2023	1 MAD = 118.4 RWF
02 August 2023	1 MAD = 118.3 RWF
03 August 2023	1 MAD = 121.1 RWF
04 August 2023	1 MAD = 118.6 RWF
07 August 2023	1 MAD = 123.5 RWF
08 August 2023	1 MAD = 121.8 RWF
09 August 2023	1 MAD = 124.0 RWF
10 August 2023	1 MAD = 123.8 RWF
11 August 2023	1 MAD = 123.0 RWF
12 August 2023	1 MAD = 118.8 RWF
14 August 2023	1 MAD = 123.2 RWF
15 August 2023	1 MAD = 118.9 RWF
16 August 2023	1 MAD = 118.8 RWF
17 August 2023	1 MAD = 118.4 RWF
18 August 2023	1 MAD = 118.3 RWF
19 August 2023	1 MAD = 117.7 RWF
20 August 2023	1 MAD = 117.7 RWF
21 August 2023	1 MAD = 122.5 RWF
22 August 2023	1 MAD = 118.0 RWF
23 August 2023	1 MAD = 117.7 RWF
24 August 2023	1 MAD = 117.7 RWF
25 August 2023	1 MAD = 117.3 RWF
28 August 2023	1 MAD = 120.8 RWF
29 August 2023	1 MAD = 119.0 RWF
30 August 2023	1 MAD = 119.8 RWF
31 August 2023	1 MAD = 120.4 RWF

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.

24/06/2020: Rwandan Franc Devaluation

The central bank of Rwanda announced a gradual devaluation of the Rwandan franc to enhance export competitiveness and stimulate economic growth.

02/06/2014: Introduction of the fourth dirham

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

03/12/2008: New Currency Series

A new series of Rwandan franc banknotes was introduced, featuring updated security features and designs.

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.

01/01/2004: East African Community

Rwanda joined the East African Community, leading to increased economic integration and cooperation within the region.

01/05/1999: Introduction of the third dirham

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

03/12/1998: Currency Redenomination

The Rwandan franc underwent a redenomination, with 100 old francs being replaced by 1 new franc.

07/04/1995: Rwandan Genocide

The Rwandan Genocide began, causing economic instability and inflation for the Rwandan franc.

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.

01/12/1973: Currency Reform

A currency reform was implemented, introducing a new series of Rwandan franc banknotes.

25/06/1964: Introduction of the Rwandan Franc

The Rwandan franc was introduced as the official currency of Rwanda, replacing the East African shilling.

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

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

Historic Moroccan dirham Rwandan franc