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

South African rand moroccan dirham history for September 2023. The highest quote for this month is 0.54539 (30/09/2023) and the lowest 0.5471 (23/09/2023). The difference between high and low is -0.31.

ZAR MAD average rate for September 2023 is 0.5341, the change between 01/09/2023 and 30/09/2023 is -4.15 %.

01 September 2023	1 ZAR = 0.5220 MAD
04 September 2023	1 ZAR = 0.5295 MAD
05 September 2023	1 ZAR = 0.5165 MAD
06 September 2023	1 ZAR = 0.5164 MAD
07 September 2023	1 ZAR = 0.5307 MAD
08 September 2023	1 ZAR = 0.5311 MAD
11 September 2023	1 ZAR = 0.5177 MAD
12 September 2023	1 ZAR = 0.5235 MAD
13 September 2023	1 ZAR = 0.5359 MAD
14 September 2023	1 ZAR = 0.5391 MAD
15 September 2023	1 ZAR = 0.5391 MAD
18 September 2023	1 ZAR = 0.5232 MAD
19 September 2023	1 ZAR = 0.5403 MAD
20 September 2023	1 ZAR = 0.5427 MAD
21 September 2023	1 ZAR = 0.5447 MAD
22 September 2023	1 ZAR = 0.5425 MAD
23 September 2023	1 ZAR = 0.5470 MAD
25 September 2023	1 ZAR = 0.5316 MAD
26 September 2023	1 ZAR = 0.5473 MAD
27 September 2023	1 ZAR = 0.5388 MAD
28 September 2023	1 ZAR = 0.5375 MAD
29 September 2023	1 ZAR = 0.5437 MAD
30 September 2023	1 ZAR = 0.5437 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