Historic Moroccan dirham Saudi riyal

Moroccan dirham saudi riyal history for February 2024. The highest quote for this month is 0.3855 (13/02/2024) and the lowest 0.38742 (02/02/2024). The difference between high and low is -0.5.

MAD SAR average rate for February 2024 is 0.37588, the change between 01/02/2024 and 29/02/2024 is -2 %.

01 February 20241 MAD = 0.3746 SAR
02 February 20241 MAD = 0.3744 SAR
03 February 20241 MAD = 0.3735 SAR
04 February 20241 MAD = 0.3734 SAR
05 February 20241 MAD = 0.3841 SAR
06 February 20241 MAD = 0.3839 SAR
07 February 20241 MAD = 0.3720 SAR
08 February 20241 MAD = 0.3723 SAR
09 February 20241 MAD = 0.3730 SAR
12 February 20241 MAD = 0.3861 SAR
13 February 20241 MAD = 0.3733 SAR
14 February 20241 MAD = 0.3721 SAR
15 February 20241 MAD = 0.3720 SAR
16 February 20241 MAD = 0.3725 SAR
18 February 20241 MAD = 0.3725 SAR
19 February 20241 MAD = 0.3843 SAR
20 February 20241 MAD = 0.3835 SAR
21 February 20241 MAD = 0.3716 SAR
22 February 20241 MAD = 0.3717 SAR
23 February 20241 MAD = 0.3726 SAR
24 February 20241 MAD = 0.3729 SAR
25 February 20241 MAD = 0.3729 SAR
26 February 20241 MAD = 0.3855 SAR
27 February 20241 MAD = 0.3739 SAR
28 February 20241 MAD = 0.3724 SAR
29 February 20241 MAD = 0.3821 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/05/1999: Introduction of the third dirham

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

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

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

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
MAD SAR January 2024
MAD SAR February 2024
MAD SAR March 2024
MAD SAR April 2024
MAD SAR May 2024
MAD SAR June 2024
MAD SAR July 2024
MAD SAR August 2024
MAD SAR September 2024
MAD SAR October 2024
MAD SAR November 2024
MAD SAR December 2024
MAD SAR January 2025