Historic Moroccan dirham Nigerian Naira

Moroccan dirham nigerian naira history for December 2023. The highest quote for this month is 94.213 (25/12/2023) and the lowest 94.764 (27/12/2023). The difference between high and low is -0.58.

MAD NGN average rate for December 2023 is 82.86614, the change between 01/12/2023 and 31/12/2023 is -12.13 %.

01 December 20231 MAD = 80.92 NGN
02 December 20231 MAD = 78.16 NGN
03 December 20231 MAD = 78.14 NGN
04 December 20231 MAD = 80.76 NGN
05 December 20231 MAD = 79.23 NGN
06 December 20231 MAD = 79.45 NGN
07 December 20231 MAD = 79.54 NGN
08 December 20231 MAD = 79.18 NGN
10 December 20231 MAD = 77.75 NGN
11 December 20231 MAD = 81.68 NGN
12 December 20231 MAD = 80.44 NGN
13 December 20231 MAD = 81.48 NGN
14 December 20231 MAD = 78.71 NGN
15 December 20231 MAD = 78.42 NGN
16 December 20231 MAD = 77.99 NGN
17 December 20231 MAD = 77.99 NGN
18 December 20231 MAD = 81.59 NGN
19 December 20231 MAD = 80.56 NGN
20 December 20231 MAD = 79.21 NGN
21 December 20231 MAD = 82.12 NGN
22 December 20231 MAD = 82.86 NGN
23 December 20231 MAD = 91.31 NGN
24 December 20231 MAD = 90.98 NGN
25 December 20231 MAD = 94.21 NGN
26 December 20231 MAD = 94.21 NGN
27 December 20231 MAD = 91.27 NGN
28 December 20231 MAD = 91.37 NGN
29 December 20231 MAD = 90.73 NGN

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.

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

01/05/1999: Introduction of the third dirham

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

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

12/12/1980: Introduction of the second dirham

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

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

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

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

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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

The Moroccan franc was introduced as the official currency of Morocco.
MAD NGN July 2023
MAD NGN August 2023
MAD NGN September 2023
MAD NGN October 2023
MAD NGN November 2023
MAD NGN December 2023
MAD NGN January 2024
MAD NGN February 2024
MAD NGN March 2024
MAD NGN April 2024
MAD NGN May 2024
MAD NGN June 2024
MAD NGN July 2024