Historic Qatari Rial Moroccan dirham

Qatari Rial moroccan dirham history for January 2024. The highest quote for this month is 2.7539 (30/01/2024) and the lowest 2.7337 (28/01/2024). The difference between high and low is 0.73.

QAR MAD average rate for January 2024 is 2.70636, the change between 01/01/2024 and 31/01/2024 is -4.09 %.

01 January 20241 QAR = 2.641 MAD
02 January 20241 QAR = 2.643 MAD
03 January 20241 QAR = 2.728 MAD
04 January 20241 QAR = 2.728 MAD
05 January 20241 QAR = 2.720 MAD
06 January 20241 QAR = 2.732 MAD
07 January 20241 QAR = 2.725 MAD
08 January 20241 QAR = 2.641 MAD
09 January 20241 QAR = 2.728 MAD
10 January 20241 QAR = 2.650 MAD
11 January 20241 QAR = 2.733 MAD
12 January 20241 QAR = 2.733 MAD
14 January 20241 QAR = 2.732 MAD
15 January 20241 QAR = 2.648 MAD
16 January 20241 QAR = 2.648 MAD
17 January 20241 QAR = 2.660 MAD
18 January 20241 QAR = 2.744 MAD
19 January 20241 QAR = 2.744 MAD
22 January 20241 QAR = 2.646 MAD
23 January 20241 QAR = 2.732 MAD
24 January 20241 QAR = 2.743 MAD
25 January 20241 QAR = 2.735 MAD
26 January 20241 QAR = 2.743 MAD
28 January 20241 QAR = 2.740 MAD
29 January 20241 QAR = 2.653 MAD
30 January 20241 QAR = 2.754 MAD
31 January 20241 QAR = 2.749 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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