Historic South African rand Moroccan dirham

South African rand moroccan dirham history for January 2024. The highest quote for this month is 0.53523 (14/01/2024) and the lowest 0.53331 (14/01/2024). The difference between high and low is 0.36.

ZAR MAD average rate for January 2024 is 0.52593, the change between 01/01/2024 and 31/01/2024 is -1.27 %.

01 January 20241 ZAR = 0.5260 MAD
02 January 20241 ZAR = 0.5256 MAD
03 January 20241 ZAR = 0.5350 MAD
04 January 20241 ZAR = 0.5316 MAD
05 January 20241 ZAR = 0.5295 MAD
06 January 20241 ZAR = 0.5326 MAD
07 January 20241 ZAR = 0.5310 MAD
08 January 20241 ZAR = 0.5147 MAD
09 January 20241 ZAR = 0.5347 MAD
10 January 20241 ZAR = 0.5173 MAD
11 January 20241 ZAR = 0.5338 MAD
12 January 20241 ZAR = 0.5334 MAD
14 January 20241 ZAR = 0.5346 MAD
15 January 20241 ZAR = 0.5179 MAD
16 January 20241 ZAR = 0.5166 MAD
17 January 20241 ZAR = 0.5106 MAD
18 January 20241 ZAR = 0.5235 MAD
19 January 20241 ZAR = 0.5279 MAD
22 January 20241 ZAR = 0.5065 MAD
23 January 20241 ZAR = 0.5179 MAD
24 January 20241 ZAR = 0.5277 MAD
25 January 20241 ZAR = 0.5273 MAD
26 January 20241 ZAR = 0.5286 MAD
27 January 20241 ZAR = 0.5299 MAD
28 January 20241 ZAR = 0.5310 MAD
29 January 20241 ZAR = 0.5147 MAD
30 January 20241 ZAR = 0.5336 MAD
31 January 20241 ZAR = 0.5327 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.
ZAR MAD July 2023
ZAR MAD August 2023
ZAR MAD September 2023
ZAR MAD October 2023
ZAR MAD November 2023
ZAR MAD December 2023
ZAR MAD January 2024
ZAR MAD February 2024
ZAR MAD March 2024
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ZAR MAD May 2024
ZAR MAD June 2024
ZAR MAD July 2024