Historic Moroccan dirham Saudi riyal

Moroccan dirham saudi riyal history for January 2024. The highest quote for this month is 0.38963 (01/01/2024) and the lowest 0.39184 (05/01/2024). The difference between high and low is -0.57.

MAD SAR average rate for January 2024 is 0.3805, the change between 01/01/2024 and 31/01/2024 is +3.94 %.

01 January 20241 MAD = 0.3898 SAR
02 January 20241 MAD = 0.3898 SAR
03 January 20241 MAD = 0.3773 SAR
04 January 20241 MAD = 0.3773 SAR
05 January 20241 MAD = 0.3786 SAR
06 January 20241 MAD = 0.3768 SAR
07 January 20241 MAD = 0.3780 SAR
08 January 20241 MAD = 0.3903 SAR
09 January 20241 MAD = 0.3773 SAR
10 January 20241 MAD = 0.3884 SAR
11 January 20241 MAD = 0.3766 SAR
12 January 20241 MAD = 0.3766 SAR
14 January 20241 MAD = 0.3769 SAR
15 January 20241 MAD = 0.3888 SAR
16 January 20241 MAD = 0.3888 SAR
17 January 20241 MAD = 0.3869 SAR
18 January 20241 MAD = 0.3750 SAR
19 January 20241 MAD = 0.3751 SAR
22 January 20241 MAD = 0.3895 SAR
23 January 20241 MAD = 0.3768 SAR
24 January 20241 MAD = 0.3753 SAR
25 January 20241 MAD = 0.3763 SAR
26 January 20241 MAD = 0.3753 SAR
28 January 20241 MAD = 0.3759 SAR
29 January 20241 MAD = 0.3880 SAR
30 January 20241 MAD = 0.3738 SAR
31 January 20241 MAD = 0.3744 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