Historic Moroccan dirham Malaysian ringgit

Moroccan dirham malaysian ringgit history for January 2024. The highest quote for this month is 0.49022 (24/01/2024) and the lowest 0.49039 (25/01/2024). The difference between high and low is -0.03.

MAD MYR average rate for January 2024 is 0.4743, the change between 01/01/2024 and 31/01/2024 is +1.15 %.

01 January 20241 MAD = 0.4779 MYR
02 January 20241 MAD = 0.4775 MYR
03 January 20241 MAD = 0.4635 MYR
04 January 20241 MAD = 0.4635 MYR
05 January 20241 MAD = 0.4682 MYR
06 January 20241 MAD = 0.4678 MYR
07 January 20241 MAD = 0.4684 MYR
08 January 20241 MAD = 0.4841 MYR
09 January 20241 MAD = 0.4683 MYR
10 January 20241 MAD = 0.4813 MYR
11 January 20241 MAD = 0.4666 MYR
12 January 20241 MAD = 0.4669 MYR
14 January 20241 MAD = 0.4670 MYR
15 January 20241 MAD = 0.4820 MYR
16 January 20241 MAD = 0.4844 MYR
17 January 20241 MAD = 0.4797 MYR
18 January 20241 MAD = 0.4721 MYR
19 January 20241 MAD = 0.4721 MYR
22 January 20241 MAD = 0.4894 MYR
23 January 20241 MAD = 0.4753 MYR
24 January 20241 MAD = 0.4733 MYR
25 January 20241 MAD = 0.4748 MYR
26 January 20241 MAD = 0.4739 MYR
28 January 20241 MAD = 0.4738 MYR
29 January 20241 MAD = 0.4895 MYR
30 January 20241 MAD = 0.4723 MYR
31 January 20241 MAD = 0.4724 MYR

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.

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

02/06/2014: Introduction of the fourth dirham

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

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

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.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

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

The Moroccan franc was introduced as the official currency of Morocco.
MAD MYR January 2024
MAD MYR February 2024
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MAD MYR January 2025