Historic Mexican peso Moroccan dirham

Mexican peso moroccan dirham history for February 2024. The highest quote for this month is 0.59071 (17/02/2024) and the lowest 0.59071 (17/02/2024). The difference between high and low is 0.

MXN MAD average rate for February 2024 is 0.58366, the change between 01/02/2024 and 29/02/2024 is +1.2 %.

01 February 20241 MXN = 0.5807 MAD
02 February 20241 MXN = 0.5861 MAD
03 February 20241 MXN = 0.5868 MAD
04 February 20241 MXN = 0.5860 MAD
05 February 20241 MXN = 0.5692 MAD
06 February 20241 MXN = 0.5702 MAD
07 February 20241 MXN = 0.5914 MAD
08 February 20241 MXN = 0.5902 MAD
09 February 20241 MXN = 0.5862 MAD
11 February 20241 MXN = 0.5849 MAD
12 February 20241 MXN = 0.5682 MAD
13 February 20241 MXN = 0.5880 MAD
14 February 20241 MXN = 0.5852 MAD
15 February 20241 MXN = 0.5897 MAD
16 February 20241 MXN = 0.5901 MAD
17 February 20241 MXN = 0.5907 MAD
18 February 20241 MXN = 0.5903 MAD
19 February 20241 MXN = 0.5719 MAD
20 February 20241 MXN = 0.5734 MAD
21 February 20241 MXN = 0.5909 MAD
22 February 20241 MXN = 0.5916 MAD
23 February 20241 MXN = 0.5877 MAD
24 February 20241 MXN = 0.5877 MAD
25 February 20241 MXN = 0.5881 MAD
26 February 20241 MXN = 0.5678 MAD
27 February 20241 MXN = 0.5865 MAD
28 February 20241 MXN = 0.5894 MAD
29 February 20241 MXN = 0.5737 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.

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

01/05/1999: Introduction of the third dirham

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

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

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.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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

The Moroccan franc was introduced as the official currency of Morocco.
MXN MAD July 2023
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