Historic Qatari Rial Moroccan dirham

Qatari Rial moroccan dirham history for February 2024. The highest quote for this month is 2.7704 (21/02/2024) and the lowest 2.7642 (17/02/2024). The difference between high and low is 0.22.

QAR MAD average rate for February 2024 is 2.74039, the change between 01/02/2024 and 29/02/2024 is +1.93 %.

01 February 20241 QAR = 2.748 MAD
02 February 20241 QAR = 2.749 MAD
03 February 20241 QAR = 2.757 MAD
04 February 20241 QAR = 2.757 MAD
05 February 20241 QAR = 2.682 MAD
06 February 20241 QAR = 2.681 MAD
07 February 20241 QAR = 2.767 MAD
08 February 20241 QAR = 2.765 MAD
09 February 20241 QAR = 2.760 MAD
12 February 20241 QAR = 2.667 MAD
13 February 20241 QAR = 2.758 MAD
14 February 20241 QAR = 2.767 MAD
15 February 20241 QAR = 2.768 MAD
16 February 20241 QAR = 2.764 MAD
17 February 20241 QAR = 2.764 MAD
18 February 20241 QAR = 2.764 MAD
19 February 20241 QAR = 2.679 MAD
20 February 20241 QAR = 2.684 MAD
21 February 20241 QAR = 2.770 MAD
22 February 20241 QAR = 2.769 MAD
23 February 20241 QAR = 2.763 MAD
24 February 20241 QAR = 2.762 MAD
25 February 20241 QAR = 2.762 MAD
26 February 20241 QAR = 2.671 MAD
27 February 20241 QAR = 2.754 MAD
28 February 20241 QAR = 2.765 MAD
29 February 20241 QAR = 2.695 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.

01/01/2021: Launch of a digital currency pilot program

Qatar announced the launch of a pilot program to test the use of a digital currency as part of its efforts to introduce blockchain technology in the financial sector.

05/06/2017: Qatar diplomatic crisis affects the currency

Following the diplomatic crisis and blockade imposed by neighboring countries, the Qatari rial faced volatility and depreciated against major currencies.

27/05/2015: Qatari rial pegged to a basket of currencies

The Qatari rial's peg was diversified to include a basket of currencies, reducing its dependence on the US dollar.

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.

08/06/2001: Creation of the Qatar Central Bank

The Qatar Central Bank was established to replace the Qatar Currency Board and assume the responsibility of regulating the Qatari rial.

01/05/1999: Introduction of the third dirham

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

27/07/1997: Qatar Currency Board established

The Qatar Currency Board was established to regulate the issuance and circulation of the Qatari rial and maintain its stability.

12/12/1980: Introduction of the second dirham

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

27/03/1976: Currency pegged to the US Dollar

The Qatari rial was pegged to the US dollar at a fixed exchange rate of 1 USD = 3.64 QAR to stabilize its value and promote trade.

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

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

24/06/1973: Introduction of Qatari Rial

Qatar officially introduced the Qatari rial as its currency, replacing the Gulf rupee at a rate of 1 rial = 1.65 rupees.

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

The Moroccan franc was introduced as the official currency of Morocco.
QAR MAD June 2023
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