United States dollar moroccan dirham history for July 2023. The highest quote for this month is 9.809 (05/07/2023) and the lowest 9.466 (25/07/2023). The difference between high and low is 3.5.
USD MAD average rate for July 2023 is 9.547, the change between 01/07/2023 and 31/07/2023 is +0.99 %.
| 05 July 2023 | 1 USD = 9.49 MAD |
| 25 July 2023 | 1 USD = 9.76 MAD |
| 31 July 2023 | 1 USD = 9.39 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.
02/06/2014: Introduction of the fourth dirham
Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.
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.
01/05/1999: Introduction of the third dirham
A new series of Moroccan dirham banknotes was introduced with enhanced security features.
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.
26/11/1960: Introduction of the Moroccan franc (FRF)
The Moroccan franc was introduced as the official currency of Morocco.