Historic Arab Emirates Dirham Moroccan dirham

Arab Emirates Dirham moroccan dirham history for August 2023. The highest quote for this month is 2.7226 (24/08/2023) and the lowest 2.7185 (19/08/2023). The difference between high and low is 0.15.

AED MAD average rate for August 2023 is 2.6593, the change between 01/08/2023 and 31/08/2023 is +0.53 %.

01 August 20231 AED = 2.682 MAD
02 August 20231 AED = 2.686 MAD
03 August 20231 AED = 2.617 MAD
04 August 20231 AED = 2.674 MAD
07 August 20231 AED = 2.550 MAD
08 August 20231 AED = 2.594 MAD
09 August 20231 AED = 2.556 MAD
10 August 20231 AED = 2.564 MAD
11 August 20231 AED = 2.580 MAD
12 August 20231 AED = 2.687 MAD
14 August 20231 AED = 2.587 MAD
15 August 20231 AED = 2.685 MAD
16 August 20231 AED = 2.689 MAD
17 August 20231 AED = 2.695 MAD
18 August 20231 AED = 2.702 MAD
19 August 20231 AED = 2.719 MAD
20 August 20231 AED = 2.719 MAD
21 August 20231 AED = 2.593 MAD
22 August 20231 AED = 2.715 MAD
23 August 20231 AED = 2.721 MAD
24 August 20231 AED = 2.721 MAD
25 August 20231 AED = 2.734 MAD
28 August 20231 AED = 2.646 MAD
29 August 20231 AED = 2.685 MAD
30 August 20231 AED = 2.676 MAD
31 August 20231 AED = 2.668 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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

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