Historic Moroccan dirham South African rand

Moroccan dirham south african rand history for January 2024. The highest quote for this month is 1.9818 (17/01/2024) and the lowest 1.9738 (22/01/2024). The difference between high and low is 0.4.

MAD ZAR average rate for January 2024 is 1.90184, the change between 01/01/2024 and 31/01/2024 is +1.25 %.

01 January 20241 MAD = 1.901 ZAR
02 January 20241 MAD = 1.903 ZAR
03 January 20241 MAD = 1.869 ZAR
04 January 20241 MAD = 1.881 ZAR
05 January 20241 MAD = 1.889 ZAR
06 January 20241 MAD = 1.878 ZAR
07 January 20241 MAD = 1.883 ZAR
08 January 20241 MAD = 1.943 ZAR
09 January 20241 MAD = 1.870 ZAR
10 January 20241 MAD = 1.933 ZAR
11 January 20241 MAD = 1.873 ZAR
12 January 20241 MAD = 1.875 ZAR
14 January 20241 MAD = 1.871 ZAR
15 January 20241 MAD = 1.931 ZAR
16 January 20241 MAD = 1.936 ZAR
17 January 20241 MAD = 1.959 ZAR
18 January 20241 MAD = 1.910 ZAR
19 January 20241 MAD = 1.894 ZAR
22 January 20241 MAD = 1.974 ZAR
23 January 20241 MAD = 1.931 ZAR
24 January 20241 MAD = 1.895 ZAR
25 January 20241 MAD = 1.897 ZAR
26 January 20241 MAD = 1.892 ZAR
27 January 20241 MAD = 1.887 ZAR
28 January 20241 MAD = 1.883 ZAR
29 January 20241 MAD = 1.943 ZAR
30 January 20241 MAD = 1.874 ZAR
31 January 20241 MAD = 1.877 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.
MAD ZAR January 2024
MAD ZAR February 2024
MAD ZAR March 2024
MAD ZAR April 2024
MAD ZAR May 2024
MAD ZAR June 2024
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MAD ZAR January 2025