South African rand moroccan dirham exchange rate history (ZAR MAD) December 2023

South African rand moroccan dirham history for December 2023. The highest quote for this month is 0.55153 (16/12/2023) and the lowest 0.55266 (16/12/2023). The difference between high and low is -0.2.

ZAR MAD average rate for December 2023 is 0.53529, the change between 01/12/2023 and 31/12/2023 is -4.05 %.

01 December 2023	1 ZAR = 0.5182 MAD
02 December 2023	1 ZAR = 0.5410 MAD
03 December 2023	1 ZAR = 0.5412 MAD
04 December 2023	1 ZAR = 0.5252 MAD
05 December 2023	1 ZAR = 0.5361 MAD
06 December 2023	1 ZAR = 0.5328 MAD
07 December 2023	1 ZAR = 0.5324 MAD
08 December 2023	1 ZAR = 0.5376 MAD
10 December 2023	1 ZAR = 0.5354 MAD
11 December 2023	1 ZAR = 0.5201 MAD
12 December 2023	1 ZAR = 0.5169 MAD
13 December 2023	1 ZAR = 0.5201 MAD
14 December 2023	1 ZAR = 0.5463 MAD
15 December 2023	1 ZAR = 0.5505 MAD
16 December 2023	1 ZAR = 0.5515 MAD
17 December 2023	1 ZAR = 0.5515 MAD
18 December 2023	1 ZAR = 0.5378 MAD
19 December 2023	1 ZAR = 0.5275 MAD
20 December 2023	1 ZAR = 0.5512 MAD
21 December 2023	1 ZAR = 0.5501 MAD
22 December 2023	1 ZAR = 0.5482 MAD
23 December 2023	1 ZAR = 0.5376 MAD
24 December 2023	1 ZAR = 0.5377 MAD
25 December 2023	1 ZAR = 0.5193 MAD
26 December 2023	1 ZAR = 0.5202 MAD
27 December 2023	1 ZAR = 0.5315 MAD
28 December 2023	1 ZAR = 0.5338 MAD
29 December 2023	1 ZAR = 0.5324 MAD
31 December 2023	1 ZAR = 0.5392 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.

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 South African rand Moroccan dirham