Historic Moroccan dirham Japanese Yen

Moroccan dirham japanese yen history for February 2024. The highest quote for this month is 15.498 (13/02/2024) and the lowest 15.452 (23/02/2024). The difference between high and low is 0.3.

MAD JPY average rate for February 2024 is 15.00019, the change between 01/02/2024 and 29/02/2024 is -4.52 %.

01 February 20241 MAD = 14.70 JPY
02 February 20241 MAD = 14.64 JPY
04 February 20241 MAD = 14.77 JPY
05 February 20241 MAD = 15.21 JPY
06 February 20241 MAD = 15.24 JPY
07 February 20241 MAD = 14.68 JPY
08 February 20241 MAD = 14.72 JPY
09 February 20241 MAD = 14.86 JPY
11 February 20241 MAD = 14.92 JPY
12 February 20241 MAD = 15.37 JPY
13 February 20241 MAD = 14.89 JPY
14 February 20241 MAD = 14.97 JPY
15 February 20241 MAD = 14.95 JPY
16 February 20241 MAD = 14.91 JPY
17 February 20241 MAD = 14.93 JPY
18 February 20241 MAD = 14.93 JPY
19 February 20241 MAD = 15.40 JPY
20 February 20241 MAD = 15.39 JPY
21 February 20241 MAD = 14.88 JPY
22 February 20241 MAD = 14.92 JPY
23 February 20241 MAD = 14.97 JPY
24 February 20241 MAD = 14.97 JPY
25 February 20241 MAD = 14.96 JPY
26 February 20241 MAD = 15.49 JPY
27 February 20241 MAD = 15.03 JPY
28 February 20241 MAD = 14.96 JPY
29 February 20241 MAD = 15.37 JPY

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.

28/07/2016: Bank of Japan announces stimulus package

The Bank of Japan announced an aggressive stimulus package and negative interest rates, causing the Yen to depreciate against major currencies.

02/06/2014: Introduction of the fourth dirham

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

11/03/2011: Great East Japan Earthquake

The Tohoku earthquake and tsunami devastated Japan, leading to a decline in the Yen as reconstruction efforts strained the economy.

15/09/2008: Lehman Brothers bankruptcy

The bankruptcy of Lehman Brothers triggered a global financial crisis, resulting in a surge in the value of the Yen as investors sought safe-haven assets.

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.

20/03/1995: Kobe earthquake

The Great Hanshin earthquake struck Kobe, causing significant damage to the Japanese economy and leading to a decline in the value of the Yen.

22/09/1985: Plaza Accord

Japan, along with major economies, agreed to depreciate the value of the US dollar, leading to the appreciation of the Yen.

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.

01/03/1973: Yen becomes a floating currency

The Yen lost its fixed exchange rate and started floating against major currencies following the collapse of the Bretton Woods system.

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

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

15/12/1953: Yen is introduced

The Japanese Yen was first introduced as the official currency of Japan with the enactment of the Bank of Japan Act.
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