Moroccan dirham azerbaijani manat exchange rate history (MAD AZN) February 2024

Moroccan dirham azerbaijani manat history for February 2024. The highest quote for this month is 0.17472 (13/02/2024) and the lowest 0.1758 (02/02/2024). The difference between high and low is -0.62.

MAD AZN average rate for February 2024 is 0.17085, the change between 01/02/2024 and 29/02/2024 is -1.98 %.

01 February 2024	1 MAD = 0.1700 AZN
02 February 2024	1 MAD = 0.1699 AZN
05 February 2024	1 MAD = 0.1741 AZN
06 February 2024	1 MAD = 0.1742 AZN
07 February 2024	1 MAD = 0.1688 AZN
08 February 2024	1 MAD = 0.1689 AZN
09 February 2024	1 MAD = 0.1692 AZN
12 February 2024	1 MAD = 0.1752 AZN
13 February 2024	1 MAD = 0.1694 AZN
14 February 2024	1 MAD = 0.1688 AZN
15 February 2024	1 MAD = 0.1688 AZN
16 February 2024	1 MAD = 0.1690 AZN
19 February 2024	1 MAD = 0.1744 AZN
20 February 2024	1 MAD = 0.1740 AZN
21 February 2024	1 MAD = 0.1686 AZN
22 February 2024	1 MAD = 0.1687 AZN
23 February 2024	1 MAD = 0.1690 AZN
26 February 2024	1 MAD = 0.1749 AZN
27 February 2024	1 MAD = 0.1696 AZN
28 February 2024	1 MAD = 0.1690 AZN
29 February 2024	1 MAD = 0.1734 AZN

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 Moroccan dirham Azerbaijani manat