Historic Moroccan dirham Swiss franc

Moroccan dirham swiss franc history for December 2023. The highest quote for this month is 0.089408 (25/12/2023) and the lowest 0.089376 (11/12/2023). The difference between high and low is 0.04.

MAD CHF average rate for December 2023 is 0.08705, the change between 01/12/2023 and 31/12/2023 is +4.76 %.

01 December 20231 MAD = 0.0896 CHF
02 December 20231 MAD = 0.0862 CHF
03 December 20231 MAD = 0.0861 CHF
04 December 20231 MAD = 0.0889 CHF
05 December 20231 MAD = 0.0866 CHF
06 December 20231 MAD = 0.0867 CHF
07 December 20231 MAD = 0.0866 CHF
08 December 20231 MAD = 0.0866 CHF
10 December 20231 MAD = 0.0866 CHF
11 December 20231 MAD = 0.0895 CHF
12 December 20231 MAD = 0.0891 CHF
13 December 20231 MAD = 0.0889 CHF
14 December 20231 MAD = 0.0855 CHF
15 December 20231 MAD = 0.0860 CHF
18 December 20231 MAD = 0.0885 CHF
19 December 20231 MAD = 0.0885 CHF
20 December 20231 MAD = 0.0852 CHF
21 December 20231 MAD = 0.0859 CHF
22 December 20231 MAD = 0.0860 CHF
23 December 20231 MAD = 0.0862 CHF
24 December 20231 MAD = 0.0863 CHF
25 December 20231 MAD = 0.0892 CHF
26 December 20231 MAD = 0.0892 CHF
27 December 20231 MAD = 0.0861 CHF
28 December 20231 MAD = 0.0860 CHF
29 December 20231 MAD = 0.0853 CHF
31 December 20231 MAD = 0.0853 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.