Historic Moroccan dirham Mexican peso

Moroccan dirham mexican peso history for February 2024. The highest quote for this month is 1.7705 (13/02/2024) and the lowest 1.7613 (02/02/2024). The difference between high and low is 0.52.

MAD MXN average rate for February 2024 is 1.71365, the change between 01/02/2024 and 29/02/2024 is -1.21 %.

01 February 20241 MAD = 1.722 MXN
02 February 20241 MAD = 1.706 MXN
03 February 20241 MAD = 1.704 MXN
04 February 20241 MAD = 1.706 MXN
05 February 20241 MAD = 1.757 MXN
06 February 20241 MAD = 1.754 MXN
07 February 20241 MAD = 1.691 MXN
08 February 20241 MAD = 1.694 MXN
09 February 20241 MAD = 1.706 MXN
11 February 20241 MAD = 1.710 MXN
12 February 20241 MAD = 1.760 MXN
13 February 20241 MAD = 1.701 MXN
14 February 20241 MAD = 1.709 MXN
15 February 20241 MAD = 1.696 MXN
16 February 20241 MAD = 1.695 MXN
17 February 20241 MAD = 1.693 MXN
18 February 20241 MAD = 1.694 MXN
19 February 20241 MAD = 1.749 MXN
20 February 20241 MAD = 1.744 MXN
21 February 20241 MAD = 1.692 MXN
22 February 20241 MAD = 1.691 MXN
23 February 20241 MAD = 1.702 MXN
24 February 20241 MAD = 1.702 MXN
25 February 20241 MAD = 1.700 MXN
26 February 20241 MAD = 1.761 MXN
27 February 20241 MAD = 1.705 MXN
28 February 20241 MAD = 1.697 MXN
29 February 20241 MAD = 1.743 MXN

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.

02/06/2014: Introduction of the fourth dirham

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

20/06/2012: Mexican Peso Becomes the Most Traded Emerging Market Currency

The Mexican peso surpassed the Brazilian real to become the most traded currency among emerging markets, reflecting Mexico's growing economic importance.

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.

01/01/2003: Introduction of the New Peso Symbol

The Mexican peso adopted a new symbol, replacing the old symbol (₱) with a capital 'P' with double horizontal lines (MXN) to symbolize the currency.

01/05/1999: Introduction of the third dirham

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

20/12/1994: Tequila Crisis

Mexico experienced a severe economic crisis and an abrupt devaluation of the peso as a result of the devaluation of the Thai baht, causing investors to flee emerging markets.

01/01/1993: Implementation of the North American Free Trade Agreement (NAFTA)

NAFTA came into effect, promoting trade and investment between Mexico, the United States, and Canada, leading to increased stability and growth in the Mexican economy.

06/07/1988: Introduction of the New Peso

Due to hyperinflation and currency devaluation, Mexico introduced a new currency, called the New Peso, where 1000 old pesos were replaced by 1 new peso.

12/08/1982: Mexican Debt Crisis

Mexico defaulted on its external debt, leading to a sharp devaluation of the peso and a severe economic crisis, requiring an emergency loan from the International Monetary Fund (IMF).

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.

13/08/1970: Devaluation of the Peso

In response to global inflation, the Mexican government devalued the peso by 20% against the US dollar, leading to economic instability and a decline in purchasing power.

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

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