Moroccan dirham south african rand exchange rate history (MAD ZAR) November 2023

Moroccan dirham south african rand history for November 2023. The highest quote for this month is 1.9205 (23/11/2023) and the lowest 1.9159 (30/11/2023). The difference between high and low is 0.24.

MAD ZAR average rate for November 2023 is 1.83872, the change between 01/11/2023 and 30/11/2023 is -3.01 %.

01 November 2023	1 MAD = 1.811 ZAR
02 November 2023	1 MAD = 1.790 ZAR
03 November 2023	1 MAD = 1.853 ZAR
06 November 2023	1 MAD = 1.848 ZAR
07 November 2023	1 MAD = 1.792 ZAR
08 November 2023	1 MAD = 1.793 ZAR
09 November 2023	1 MAD = 1.815 ZAR
10 November 2023	1 MAD = 1.824 ZAR
12 November 2023	1 MAD = 1.834 ZAR
13 November 2023	1 MAD = 1.894 ZAR
14 November 2023	1 MAD = 1.828 ZAR
15 November 2023	1 MAD = 1.798 ZAR
16 November 2023	1 MAD = 1.791 ZAR
17 November 2023	1 MAD = 1.809 ZAR
18 November 2023	1 MAD = 1.809 ZAR
19 November 2023	1 MAD = 1.809 ZAR
20 November 2023	1 MAD = 1.874 ZAR
21 November 2023	1 MAD = 1.809 ZAR
22 November 2023	1 MAD = 1.837 ZAR
23 November 2023	1 MAD = 1.922 ZAR
24 November 2023	1 MAD = 1.915 ZAR
26 November 2023	1 MAD = 1.866 ZAR
27 November 2023	1 MAD = 1.922 ZAR
28 November 2023	1 MAD = 1.849 ZAR
29 November 2023	1 MAD = 1.850 ZAR
30 November 2023	1 MAD = 1.866 ZAR

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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

02/06/2014: Introduction of the fourth dirham

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

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/05/1999: Introduction of the third dirham

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

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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

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

Historic Moroccan dirham South African rand