Moroccan dirham indian rupee exchange rate history (MAD INR) December 2023

Moroccan dirham indian rupee history for December 2023. The highest quote for this month is 8.6795 (29/12/2023) and the lowest 8.7758 (28/12/2023). The difference between high and low is -1.11.

MAD INR average rate for December 2023 is 8.36329, the change between 01/12/2023 and 31/12/2023 is +2.49 %.

01 December 2023	1 MAD = 8.54 INR
02 December 2023	1 MAD = 8.26 INR
03 December 2023	1 MAD = 8.25 INR
04 December 2023	1 MAD = 8.52 INR
05 December 2023	1 MAD = 8.28 INR
06 December 2023	1 MAD = 8.25 INR
07 December 2023	1 MAD = 8.25 INR
08 December 2023	1 MAD = 8.24 INR
10 December 2023	1 MAD = 8.21 INR
11 December 2023	1 MAD = 8.49 INR
12 December 2023	1 MAD = 8.45 INR
13 December 2023	1 MAD = 8.47 INR
14 December 2023	1 MAD = 8.17 INR
15 December 2023	1 MAD = 8.26 INR
16 December 2023	1 MAD = 8.20 INR
17 December 2023	1 MAD = 8.20 INR
18 December 2023	1 MAD = 8.44 INR
19 December 2023	1 MAD = 8.48 INR
20 December 2023	1 MAD = 8.23 INR
21 December 2023	1 MAD = 8.29 INR
22 December 2023	1 MAD = 8.35 INR
23 December 2023	1 MAD = 8.38 INR
24 December 2023	1 MAD = 8.38 INR
25 December 2023	1 MAD = 8.67 INR
26 December 2023	1 MAD = 8.67 INR
27 December 2023	1 MAD = 8.39 INR
28 December 2023	1 MAD = 8.50 INR
29 December 2023	1 MAD = 8.33 INR

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.

24/03/2020: COVID-19 Impact on Indian Rupee

The global COVID-19 pandemic caused significant volatility in the Indian Rupee exchange rate, leading to depreciation against major international currencies.

08/11/2016: Demonetization

The Indian government announced the demonetization of ₹500 and ₹1,000 banknotes, requiring individuals to exchange or deposit their old currency notes at banks.

02/06/2014: Introduction of the fourth dirham

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

03/07/2007: Indian Rupee Symbol

The Indian Rupee was given its own unique symbol ₹, representing the integration of the Indian Rupee into the global currency landscape.

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.

21/06/1991: Liberalization of Indian Economy

India initiated economic reforms, including the liberalization of foreign exchange controls. This led to the beginning of the exchange rate regime reforms for the Indian Rupee.

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.

24/06/1957: Decimalization of Indian Rupee

The Indian Rupee was decimalized, dividing it into 100 paise. This change simplified the currency system and introduced a uniform monetary system across the country.

15/08/1947: Indian Independence

India gained independence from British rule, leading to the establishment of the Reserve Bank of India as the central bank and the Indian Rupee as the official currency.

01/01/1862: Introduction of Indian Rupee

Indian Rupee was introduced by the British government as the official currency of British India. It replaced various local and foreign currencies that were in circulation.

Historic Moroccan dirham Indian Rupee