Moroccan dirham egyptian pound exchange rate history (MAD EGP) December 2023

Moroccan dirham egyptian pound history for December 2023. The highest quote for this month is 3.2226 (29/12/2023) and the lowest 3.2462 (28/12/2023). The difference between high and low is -0.73.

MAD EGP average rate for December 2023 is 3.10235, the change between 01/12/2023 and 31/12/2023 is +1.2 %.

01 December 2023	1 MAD = 3.163 EGP
02 December 2023	1 MAD = 3.058 EGP
03 December 2023	1 MAD = 3.059 EGP
04 December 2023	1 MAD = 3.154 EGP
05 December 2023	1 MAD = 3.066 EGP
06 December 2023	1 MAD = 3.048 EGP
07 December 2023	1 MAD = 3.063 EGP
08 December 2023	1 MAD = 3.054 EGP
10 December 2023	1 MAD = 3.036 EGP
11 December 2023	1 MAD = 3.134 EGP
12 December 2023	1 MAD = 3.133 EGP
13 December 2023	1 MAD = 3.139 EGP
14 December 2023	1 MAD = 3.030 EGP
15 December 2023	1 MAD = 3.065 EGP
16 December 2023	1 MAD = 3.054 EGP
17 December 2023	1 MAD = 3.056 EGP
18 December 2023	1 MAD = 3.142 EGP
19 December 2023	1 MAD = 3.151 EGP
20 December 2023	1 MAD = 3.059 EGP
21 December 2023	1 MAD = 3.075 EGP
22 December 2023	1 MAD = 3.101 EGP
23 December 2023	1 MAD = 3.111 EGP
24 December 2023	1 MAD = 3.111 EGP
25 December 2023	1 MAD = 3.218 EGP
26 December 2023	1 MAD = 3.214 EGP
27 December 2023	1 MAD = 3.105 EGP
28 December 2023	1 MAD = 3.141 EGP
29 December 2023	1 MAD = 3.125 EGP

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.

03/11/2020: Economic Impact of COVID-19

The COVID-19 pandemic caused economic disruptions globally, affecting the Egyptian Pound's exchange rate and foreign reserves.

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.

14/11/1999: Liberalization of Exchange Rate

The Egyptian government implemented a managed float exchange rate system, allowing the Pound 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.

12/08/1987: Introduction of New Egyptian Pound

A new Egyptian Pound banknote was introduced to combat counterfeiting and improve security features.

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.

14/09/1962: Devaluation of the Pound

The Egyptian government devalued the Pound by 55%, leading to a significant decrease in its value.

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

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

23/07/1952: Overthrow of the Monarchy

The Egyptian monarchy was overthrown, leading to political and economic changes that affected the value of the Egyptian Pound.

02/05/1885: Establishment of Central Bank of Egypt

The Central Bank of Egypt was established to regulate the currency and banking system in Egypt.

29/07/1834: Introduction of Egyptian Pound

The Egyptian Pound was introduced as the official currency of Egypt, replacing the piastre.

Historic Moroccan dirham Egyptian Pound