Singapore dollar moroccan dirham exchange rate history (SGD MAD) August 2023

Singapore dollar moroccan dirham history for August 2023. The highest quote for this month is 7.3769 (24/08/2023) and the lowest 7.358 (20/08/2023). The difference between high and low is 0.26.

SGD MAD average rate for August 2023 is 7.22621, the change between 01/08/2023 and 31/08/2023 is +2 %.

01 August 2023	1 SGD = 7.41 MAD
02 August 2023	1 SGD = 7.39 MAD
03 August 2023	1 SGD = 7.16 MAD
04 August 2023	1 SGD = 7.33 MAD
07 August 2023	1 SGD = 6.99 MAD
08 August 2023	1 SGD = 7.11 MAD
09 August 2023	1 SGD = 6.96 MAD
10 August 2023	1 SGD = 6.99 MAD
11 August 2023	1 SGD = 7.02 MAD
12 August 2023	1 SGD = 7.30 MAD
14 August 2023	1 SGD = 7.02 MAD
15 August 2023	1 SGD = 7.27 MAD
16 August 2023	1 SGD = 7.27 MAD
17 August 2023	1 SGD = 7.28 MAD
18 August 2023	1 SGD = 7.31 MAD
20 August 2023	1 SGD = 7.36 MAD
21 August 2023	1 SGD = 7.02 MAD
22 August 2023	1 SGD = 7.34 MAD
23 August 2023	1 SGD = 7.36 MAD
24 August 2023	1 SGD = 7.39 MAD
25 August 2023	1 SGD = 7.40 MAD
28 August 2023	1 SGD = 7.17 MAD
29 August 2023	1 SGD = 7.28 MAD
30 August 2023	1 SGD = 7.28 MAD
31 August 2023	1 SGD = 7.26 MAD

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.

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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

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

Historic Singapore dollar Moroccan dirham