Moroccan dirham united states dollar history for May 2023. The highest quote for this month is 0.10105 (24/05/2023) and the lowest 0.10272 (15/05/2023). The difference between high and low is -1.65.
MAD USD average rate for May 2023 is 0.09967, the change between 01/05/2023 and 31/05/2023 is +5.02 %.
| 15 May 2023 | 1 MAD = 0.1035 USD |
| 17 May 2023 | 1 MAD = 0.0986 USD |
| 24 May 2023 | 1 MAD = 0.0982 USD |
| 31 May 2023 | 1 MAD = 0.0983 USD |
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.
26/11/1960: Introduction of the Moroccan franc (FRF)
The Moroccan franc was introduced as the official currency of Morocco.