Moroccan dirham qatari rial exchange rate history (MAD QAR) August 2023

Moroccan dirham qatari rial history for August 2023. The highest quote for this month is 0.3866 (09/08/2023) and the lowest 0.38846 (07/08/2023). The difference between high and low is -0.48.

MAD QAR average rate for August 2023 is 0.37286, the change between 01/08/2023 and 31/08/2023 is -0.55 %.

01 August 2023	1 MAD = 0.3695 QAR
02 August 2023	1 MAD = 0.3690 QAR
03 August 2023	1 MAD = 0.3787 QAR
04 August 2023	1 MAD = 0.3706 QAR
07 August 2023	1 MAD = 0.3887 QAR
08 August 2023	1 MAD = 0.3821 QAR
09 August 2023	1 MAD = 0.3877 QAR
10 August 2023	1 MAD = 0.3865 QAR
11 August 2023	1 MAD = 0.3841 QAR
12 August 2023	1 MAD = 0.3688 QAR
14 August 2023	1 MAD = 0.3831 QAR
15 August 2023	1 MAD = 0.3691 QAR
16 August 2023	1 MAD = 0.3687 QAR
17 August 2023	1 MAD = 0.3677 QAR
18 August 2023	1 MAD = 0.3667 QAR
19 August 2023	1 MAD = 0.3646 QAR
20 August 2023	1 MAD = 0.3646 QAR
21 August 2023	1 MAD = 0.3823 QAR
22 August 2023	1 MAD = 0.3651 QAR
23 August 2023	1 MAD = 0.3642 QAR
24 August 2023	1 MAD = 0.3643 QAR
25 August 2023	1 MAD = 0.3625 QAR
28 August 2023	1 MAD = 0.3745 QAR
29 August 2023	1 MAD = 0.3692 QAR
30 August 2023	1 MAD = 0.3704 QAR
31 August 2023	1 MAD = 0.3715 QAR

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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

01/05/1999: Introduction of the third dirham

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

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

12/12/1980: Introduction of the second dirham

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

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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

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

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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

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

Historic Moroccan dirham Qatari Rial