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

South African rand moroccan dirham history for October 2023. The highest quote for this month is 0.54519 (28/10/2023) and the lowest 0.5468 (21/10/2023). The difference between high and low is -0.3.

ZAR MAD average rate for October 2023 is 0.53584, the change between 01/10/2023 and 31/10/2023 is -0.16 %.

01 October 2023	1 ZAR = 0.5450 MAD
02 October 2023	1 ZAR = 0.5272 MAD
03 October 2023	1 ZAR = 0.5370 MAD
04 October 2023	1 ZAR = 0.5351 MAD
05 October 2023	1 ZAR = 0.5332 MAD
06 October 2023	1 ZAR = 0.5126 MAD
07 October 2023	1 ZAR = 0.5320 MAD
09 October 2023	1 ZAR = 0.5098 MAD
10 October 2023	1 ZAR = 0.5248 MAD
11 October 2023	1 ZAR = 0.5398 MAD
12 October 2023	1 ZAR = 0.5442 MAD
13 October 2023	1 ZAR = 0.5389 MAD
16 October 2023	1 ZAR = 0.5213 MAD
17 October 2023	1 ZAR = 0.5460 MAD
18 October 2023	1 ZAR = 0.5449 MAD
19 October 2023	1 ZAR = 0.5243 MAD
20 October 2023	1 ZAR = 0.5421 MAD
21 October 2023	1 ZAR = 0.5468 MAD
22 October 2023	1 ZAR = 0.5439 MAD
23 October 2023	1 ZAR = 0.5247 MAD
24 October 2023	1 ZAR = 0.5446 MAD
25 October 2023	1 ZAR = 0.5416 MAD
26 October 2023	1 ZAR = 0.5363 MAD
27 October 2023	1 ZAR = 0.5418 MAD
28 October 2023	1 ZAR = 0.5452 MAD
29 October 2023	1 ZAR = 0.5445 MAD
30 October 2023	1 ZAR = 0.5304 MAD
31 October 2023	1 ZAR = 0.5458 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