Moroccan dirham swiss franc exchange rate history (MAD CHF) August 2023

Moroccan dirham swiss franc history for August 2023. The highest quote for this month is 0.09329 (09/08/2023) and the lowest 0.09323 (07/08/2023). The difference between high and low is 0.06.

MAD CHF average rate for August 2023 is 0.0901, the change between 01/08/2023 and 31/08/2023 is -1.28 %.

01 August 2023	1 MAD = 0.0885 CHF
02 August 2023	1 MAD = 0.0885 CHF
03 August 2023	1 MAD = 0.0913 CHF
04 August 2023	1 MAD = 0.0890 CHF
07 August 2023	1 MAD = 0.0934 CHF
08 August 2023	1 MAD = 0.0916 CHF
09 August 2023	1 MAD = 0.0933 CHF
10 August 2023	1 MAD = 0.0931 CHF
11 August 2023	1 MAD = 0.0925 CHF
12 August 2023	1 MAD = 0.0889 CHF
14 August 2023	1 MAD = 0.0923 CHF
15 August 2023	1 MAD = 0.0890 CHF
16 August 2023	1 MAD = 0.0890 CHF
17 August 2023	1 MAD = 0.0889 CHF
18 August 2023	1 MAD = 0.0885 CHF
21 August 2023	1 MAD = 0.0927 CHF
22 August 2023	1 MAD = 0.0881 CHF
23 August 2023	1 MAD = 0.0881 CHF
24 August 2023	1 MAD = 0.0878 CHF
25 August 2023	1 MAD = 0.0882 CHF
28 August 2023	1 MAD = 0.0910 CHF
29 August 2023	1 MAD = 0.0896 CHF
30 August 2023	1 MAD = 0.0895 CHF
31 August 2023	1 MAD = 0.0896 CHF

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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

02/06/2014: Introduction of the fourth dirham

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

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

01/05/1999: Introduction of the third dirham

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

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

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

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

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic Moroccan dirham Swiss franc