Azerbaijani manat moroccan dirham exchange rate history (AZN MAD) February 2024

Azerbaijani manat moroccan dirham history for February 2024. The highest quote for this month is 5.9312 (21/02/2024) and the lowest 5.7644 (29/02/2024). The difference between high and low is 2.81.

AZN MAD average rate for February 2024 is 5.85448, the change between 01/02/2024 and 29/02/2024 is +1.94 %.

01 February 2024	1 AZN = 5.88 MAD
02 February 2024	1 AZN = 5.89 MAD
05 February 2024	1 AZN = 5.74 MAD
06 February 2024	1 AZN = 5.74 MAD
07 February 2024	1 AZN = 5.93 MAD
08 February 2024	1 AZN = 5.92 MAD
09 February 2024	1 AZN = 5.91 MAD
12 February 2024	1 AZN = 5.71 MAD
13 February 2024	1 AZN = 5.90 MAD
14 February 2024	1 AZN = 5.92 MAD
15 February 2024	1 AZN = 5.93 MAD
16 February 2024	1 AZN = 5.92 MAD
19 February 2024	1 AZN = 5.74 MAD
20 February 2024	1 AZN = 5.75 MAD
21 February 2024	1 AZN = 5.93 MAD
22 February 2024	1 AZN = 5.93 MAD
23 February 2024	1 AZN = 5.92 MAD
26 February 2024	1 AZN = 5.72 MAD
27 February 2024	1 AZN = 5.89 MAD
28 February 2024	1 AZN = 5.92 MAD
29 February 2024	1 AZN = 5.77 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.

31/12/2020: Digital Currency Pilot

Azerbaijan launched a pilot program to test the use of a digital currency, the digital manat, in an effort to modernize its financial system.

20/12/2017: Second Devaluation

The manat faced another devaluation, this time by around 30%, due to economic challenges and a sharp drop in oil prices.

20/12/2015: Devaluation

The manat was devalued by more than 30% against the US dollar in response to falling oil prices.

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.

20/02/2005: Pegged to US Dollar

The Azerbaijani manat was pegged to the US dollar at a rate of 1.6 manat per dollar.

14/06/2001: Currency Reform

A currency reform was implemented, resulting in a new manat with a higher exchange rate.

01/05/1999: Introduction of the third dirham

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

31/12/1993: Hyperinflation

Azerbaijan experienced a period of hyperinflation, leading to the devaluation of the manat.

14/08/1992: Introduction of Manat

The Azerbaijani manat currency was introduced as the official currency of Azerbaijan, replacing the Soviet ruble.

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.

Historic Azerbaijani manat Moroccan dirham