Historic Moroccan dirham South African rand

Moroccan dirham south african rand history for February 2024. The highest quote for this month is 1.9869 (26/02/2024) and the lowest 1.9756 (26/02/2024). The difference between high and low is 0.57.

MAD ZAR average rate for February 2024 is 1.90321, the change between 01/02/2024 and 29/02/2024 is -5.49 %.

01 February 20241 MAD = 1.862 ZAR
02 February 20241 MAD = 1.856 ZAR
03 February 20241 MAD = 1.883 ZAR
04 February 20241 MAD = 1.882 ZAR
05 February 20241 MAD = 1.934 ZAR
06 February 20241 MAD = 1.953 ZAR
07 February 20241 MAD = 1.869 ZAR
08 February 20241 MAD = 1.879 ZAR
09 February 20241 MAD = 1.889 ZAR
11 February 20241 MAD = 1.904 ZAR
12 February 20241 MAD = 1.956 ZAR
13 February 20241 MAD = 1.883 ZAR
14 February 20241 MAD = 1.895 ZAR
15 February 20241 MAD = 1.890 ZAR
16 February 20241 MAD = 1.884 ZAR
17 February 20241 MAD = 1.873 ZAR
18 February 20241 MAD = 1.873 ZAR
19 February 20241 MAD = 1.931 ZAR
20 February 20241 MAD = 1.939 ZAR
21 February 20241 MAD = 1.876 ZAR
22 February 20241 MAD = 1.875 ZAR
23 February 20241 MAD = 1.905 ZAR
24 February 20241 MAD = 1.918 ZAR
25 February 20241 MAD = 1.920 ZAR
26 February 20241 MAD = 1.987 ZAR
27 February 20241 MAD = 1.918 ZAR
28 February 20241 MAD = 1.896 ZAR
29 February 20241 MAD = 1.964 ZAR

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.

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

02/06/2014: Introduction of the fourth dirham

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

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

01/05/1999: Introduction of the third dirham

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

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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

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