Historic Nigerian Naira Moroccan dirham

Nigerian Naira moroccan dirham history for January 2024. The highest quote for this month is 0.011221 (30/01/2024) and the lowest 0.011251 (18/01/2024). The difference between high and low is -0.27.

NGN MAD average rate for January 2024 is 0.01086, the change between 01/01/2024 and 31/01/2024 is -4.11 %.

01 January 20241 NGN = 0.0107 MAD
02 January 20241 NGN = 0.0107 MAD
03 January 20241 NGN = 0.0112 MAD
04 January 20241 NGN = 0.0111 MAD
05 January 20241 NGN = 0.0109 MAD
06 January 20241 NGN = 0.0109 MAD
07 January 20241 NGN = 0.0109 MAD
08 January 20241 NGN = 0.0105 MAD
09 January 20241 NGN = 0.0112 MAD
10 January 20241 NGN = 0.0105 MAD
11 January 20241 NGN = 0.0105 MAD
12 January 20241 NGN = 0.0104 MAD
15 January 20241 NGN = 0.0101 MAD
16 January 20241 NGN = 0.0101 MAD
17 January 20241 NGN = 0.0108 MAD
18 January 20241 NGN = 0.0114 MAD
19 January 20241 NGN = 0.0112 MAD
22 January 20241 NGN = 0.0108 MAD
23 January 20241 NGN = 0.0112 MAD
24 January 20241 NGN = 0.0109 MAD
25 January 20241 NGN = 0.0111 MAD
26 January 20241 NGN = 0.0112 MAD
28 January 20241 NGN = 0.0111 MAD
29 January 20241 NGN = 0.0107 MAD
30 January 20241 NGN = 0.0112 MAD
31 January 20241 NGN = 0.0112 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.
NGN MAD July 2023
NGN MAD August 2023
NGN MAD September 2023
NGN MAD October 2023
NGN MAD November 2023
NGN MAD December 2023
NGN MAD January 2024
NGN MAD February 2024
NGN MAD March 2024
NGN MAD April 2024
NGN MAD May 2024
NGN MAD June 2024
NGN MAD July 2024