Brazilian Real moroccan dirham exchange rate history (BRL MAD) December 2023

Brazilian Real moroccan dirham history for December 2023. The highest quote for this month is 2.0716 (14/12/2023) and the lowest 2.0695 (02/12/2023). The difference between high and low is 0.1.

BRL MAD average rate for December 2023 is 2.03211, the change between 01/12/2023 and 31/12/2023 is -2.45 %.

01 December 2023	1 BRL = 1.983 MAD
02 December 2023	1 BRL = 2.070 MAD
03 December 2023	1 BRL = 2.066 MAD
04 December 2023	1 BRL = 1.992 MAD
05 December 2023	1 BRL = 2.039 MAD
06 December 2023	1 BRL = 2.049 MAD
07 December 2023	1 BRL = 2.060 MAD
08 December 2023	1 BRL = 2.059 MAD
10 December 2023	1 BRL = 2.063 MAD
11 December 2023	1 BRL = 2.009 MAD
12 December 2023	1 BRL = 1.997 MAD
13 December 2023	1 BRL = 1.983 MAD
14 December 2023	1 BRL = 2.072 MAD
15 December 2023	1 BRL = 2.051 MAD
16 December 2023	1 BRL = 2.048 MAD
17 December 2023	1 BRL = 2.048 MAD
18 December 2023	1 BRL = 1.999 MAD
19 December 2023	1 BRL = 2.002 MAD
20 December 2023	1 BRL = 2.075 MAD
21 December 2023	1 BRL = 2.043 MAD
22 December 2023	1 BRL = 2.040 MAD
23 December 2023	1 BRL = 2.044 MAD
24 December 2023	1 BRL = 2.044 MAD
25 December 2023	1 BRL = 1.969 MAD
26 December 2023	1 BRL = 1.971 MAD
27 December 2023	1 BRL = 2.059 MAD
28 December 2023	1 BRL = 2.030 MAD
29 December 2023	1 BRL = 2.038 MAD
31 December 2023	1 BRL = 2.032 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.

15/08/2018: Elections and Political Uncertainty

The Real experienced significant volatility leading up to the Presidential elections, responding to political developments and market sentiment.

22/01/2015: Real Hits 10-Year Low

The Real reached its lowest level against the US dollar in a decade, primarily due to a decline in commodity prices and economic concerns.

02/06/2014: Introduction of the fourth dirham

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

15/09/2008: Global Financial Crisis Impact

As a consequence of the global financial crisis, the Brazilian Real faced a sharp depreciation against major currencies due to capital outflows and risk aversion.

27/07/2005: New Currency Symbol

The Central Bank of Brazil announced a public competition to select a new currency symbol, which resulted in the adoption of the official symbol for the Real.

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.

18/06/2002: Exchange Rate Floatation

The Brazilian government allowed the Real to float freely against other currencies, abandoning the controlled exchange rate regime.

01/05/1999: Introduction of the third dirham

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

15/01/1999: Devaluation of the Real

Due to the Russian financial crisis and the Asian financial crisis, the government devalued the Real by around 8% to boost exports and stimulate the economy.

01/07/1994: Introduction of the Real Plan

The Brazilian real was established as the official currency, replacing the hyperinflation-ridden Cruzeiro Real. It aimed to stabilize the economy and combat inflation.

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 Brazilian Real Moroccan dirham