Moroccan dirham chinese yuan renminbi exchange rate history (MAD CNY) December 2023

Moroccan dirham chinese yuan renminbi history for December 2023. The highest quote for this month is 0.74369 (25/12/2023) and the lowest 0.74314 (28/12/2023). The difference between high and low is 0.07.

MAD CNY average rate for December 2023 is 0.71642, the change between 01/12/2023 and 31/12/2023 is +0.66 %.

01 December 2023	1 MAD = 0.7248 CNY
02 December 2023	1 MAD = 0.7080 CNY
03 December 2023	1 MAD = 0.7079 CNY
04 December 2023	1 MAD = 0.7233 CNY
05 December 2023	1 MAD = 0.7080 CNY
06 December 2023	1 MAD = 0.7078 CNY
07 December 2023	1 MAD = 0.7077 CNY
08 December 2023	1 MAD = 0.7071 CNY
10 December 2023	1 MAD = 0.7051 CNY
11 December 2023	1 MAD = 0.7249 CNY
12 December 2023	1 MAD = 0.7277 CNY
13 December 2023	1 MAD = 0.7291 CNY
14 December 2023	1 MAD = 0.7038 CNY
15 December 2023	1 MAD = 0.7010 CNY
16 December 2023	1 MAD = 0.7035 CNY
17 December 2023	1 MAD = 0.7035 CNY
18 December 2023	1 MAD = 0.7189 CNY
19 December 2023	1 MAD = 0.7278 CNY
20 December 2023	1 MAD = 0.6998 CNY
21 December 2023	1 MAD = 0.7106 CNY
22 December 2023	1 MAD = 0.7169 CNY
23 December 2023	1 MAD = 0.7192 CNY
24 December 2023	1 MAD = 0.7191 CNY
25 December 2023	1 MAD = 0.7386 CNY
26 December 2023	1 MAD = 0.7436 CNY
27 December 2023	1 MAD = 0.7207 CNY
28 December 2023	1 MAD = 0.7290 CNY
29 December 2023	1 MAD = 0.7189 CNY
31 December 2023	1 MAD = 0.7200 CNY

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.

29/11/2015: Inclusion of the Renminbi in IMF's SDR Basket

The International Monetary Fund (IMF) includes the Renminbi in its Special Drawing Rights (SDR) basket, recognizing its global importance as a reserve currency and boosting the international status of the Chinese Yuan Renminbi.

02/06/2014: Introduction of the fourth dirham

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

18/06/2009: Resumption of Renminbi Appreciation

China allows the Renminbi to resume an appreciation trajectory against the US dollar after a period of stability, signaling a shift in the country's exchange rate policy.

20/07/2005: Introduction of Managed Float

China adopts a managed floating exchange rate system, allowing the Renminbi to fluctuate within a narrow band against a basket of currencies, reducing its dependence on the US dollar.

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.

01/05/1999: Introduction of the third dirham

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

31/12/1993: Renminbi Pegged to US Dollar

China pegs the value of the Renminbi to the US dollar, setting an exchange rate of 8.28 Yuan per dollar, which remains fixed for over a decade, impacting China's export competitiveness.

31/12/1992: Introduction of Dual Currency System

China introduces a dual currency system, with the offshore Renminbi (CNH) and the onshore Renminbi (CNY), aiming to facilitate foreign exchange flows and international trade.

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.

14/08/1971: End of the Bretton Woods System

The United States suspends the convertibility of the US dollar to gold, leading to the collapse of the Bretton Woods System and a shift towards floating exchange rates, affecting the value of the Chinese Yuan Renminbi.

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

The Moroccan franc was introduced as the official currency of Morocco.

14/12/1948: Formation of the People's Bank of China

The People's Bank of China was established, marking the beginning of central banking in China and the introduction of the Chinese Yuan Renminbi as the official currency.

Historic Moroccan dirham Chinese Yuan Renminbi