Mexican peso moroccan dirham exchange rate history (MXN MAD) October 2023

Mexican peso moroccan dirham history for October 2023. The highest quote for this month is 0.58988 (01/10/2023) and the lowest 0.59166 (01/10/2023). The difference between high and low is -0.3.

MXN MAD average rate for October 2023 is 0.56442, the change between 01/10/2023 and 31/10/2023 is +3.57 %.

01 October 2023	1 MXN = 0.5907 MAD
02 October 2023	1 MXN = 0.5722 MAD
03 October 2023	1 MXN = 0.5841 MAD
04 October 2023	1 MXN = 0.5734 MAD
05 October 2023	1 MXN = 0.5730 MAD
06 October 2023	1 MXN = 0.5470 MAD
07 October 2023	1 MXN = 0.5652 MAD
09 October 2023	1 MXN = 0.5414 MAD
10 October 2023	1 MXN = 0.5517 MAD
11 October 2023	1 MXN = 0.5719 MAD
12 October 2023	1 MXN = 0.5739 MAD
13 October 2023	1 MXN = 0.5701 MAD
16 October 2023	1 MXN = 0.5479 MAD
17 October 2023	1 MXN = 0.5724 MAD
18 October 2023	1 MXN = 0.5688 MAD
19 October 2023	1 MXN = 0.5455 MAD
20 October 2023	1 MXN = 0.5626 MAD
21 October 2023	1 MXN = 0.5666 MAD
22 October 2023	1 MXN = 0.5665 MAD
23 October 2023	1 MXN = 0.5468 MAD
24 October 2023	1 MXN = 0.5692 MAD
25 October 2023	1 MXN = 0.5638 MAD
26 October 2023	1 MXN = 0.5597 MAD
27 October 2023	1 MXN = 0.5656 MAD
28 October 2023	1 MXN = 0.5677 MAD
29 October 2023	1 MXN = 0.5670 MAD
30 October 2023	1 MXN = 0.5497 MAD
31 October 2023	1 MXN = 0.5696 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.

Historic Mexican peso Moroccan dirham