Nigerian Naira moroccan dirham exchange rate history (NGN MAD) December 2023

Nigerian Naira moroccan dirham history for December 2023. The highest quote for this month is 0.012862 (10/12/2023) and the lowest 0.012823 (16/12/2023). The difference between high and low is 0.3.

NGN MAD average rate for December 2023 is 0.01212, the change between 01/12/2023 and 31/12/2023 is +10.82 %.

01 December 2023	1 NGN = 0.0124 MAD
02 December 2023	1 NGN = 0.0128 MAD
03 December 2023	1 NGN = 0.0128 MAD
04 December 2023	1 NGN = 0.0124 MAD
05 December 2023	1 NGN = 0.0126 MAD
06 December 2023	1 NGN = 0.0126 MAD
07 December 2023	1 NGN = 0.0126 MAD
08 December 2023	1 NGN = 0.0126 MAD
10 December 2023	1 NGN = 0.0129 MAD
11 December 2023	1 NGN = 0.0122 MAD
12 December 2023	1 NGN = 0.0124 MAD
13 December 2023	1 NGN = 0.0123 MAD
14 December 2023	1 NGN = 0.0127 MAD
15 December 2023	1 NGN = 0.0128 MAD
16 December 2023	1 NGN = 0.0128 MAD
17 December 2023	1 NGN = 0.0128 MAD
18 December 2023	1 NGN = 0.0123 MAD
19 December 2023	1 NGN = 0.0124 MAD
20 December 2023	1 NGN = 0.0126 MAD
21 December 2023	1 NGN = 0.0122 MAD
22 December 2023	1 NGN = 0.0121 MAD
23 December 2023	1 NGN = 0.0110 MAD
24 December 2023	1 NGN = 0.0110 MAD
25 December 2023	1 NGN = 0.0106 MAD
26 December 2023	1 NGN = 0.0106 MAD
27 December 2023	1 NGN = 0.0110 MAD
28 December 2023	1 NGN = 0.0109 MAD
29 December 2023	1 NGN = 0.0110 MAD

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.

20/03/2020: Impact of COVID-19 Pandemic

The outbreak of the COVID-19 pandemic resulted in a significant decline in oil prices, affecting Nigeria's economy and putting pressure on the Naira's exchange rate.

20/06/2016: Adoption of Flexible Exchange Rate Policy

The Central Bank of Nigeria adopted a flexible exchange rate policy, allowing the Naira to float freely against other currencies based on market forces.

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.

29/05/1999: Transition to Democratic Governance

Nigeria transitioned to democratic governance, leading to economic reforms and stability, positively affecting the value and management of the Naira currency.

01/05/1999: Introduction of the third dirham

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

12/06/1993: Introduction of the Third Nigerian Naira

The third Nigerian Naira (NGN) was introduced after the country's return to civilian rule following years of military regimes.

31/12/1984: Implementation of the Structural Adjustment Program

The Nigerian government implemented the Structural Adjustment Program, leading to a significant devaluation of the Naira and the adoption of a floating exchange rate.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

01/07/1979: Adoption of the Second Nigerian Naira

The second Nigerian Naira (NGN) was introduced following the adoption of a new constitution and the country's transition to civilian rule.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

01/07/1973: Introduction of decimal currency

The Nigerian Naira was introduced as the official currency of Nigeria, replacing the pound sterling with a decimal currency system.

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

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

Historic Nigerian Naira Moroccan dirham