Qatari Rial moroccan dirham exchange rate history (QAR MAD) October 2023

Qatari Rial moroccan dirham history for October 2023. The highest quote for this month is 2.8379 (04/10/2023) and the lowest 2.8363 (21/10/2023). The difference between high and low is 0.06.

QAR MAD average rate for October 2023 is 2.79822, the change between 01/10/2023 and 31/10/2023 is +0.02 %.

01 October 2023	1 QAR = 2.825 MAD
02 October 2023	1 QAR = 2.735 MAD
03 October 2023	1 QAR = 2.835 MAD
04 October 2023	1 QAR = 2.838 MAD
05 October 2023	1 QAR = 2.831 MAD
06 October 2023	1 QAR = 2.748 MAD
07 October 2023	1 QAR = 2.820 MAD
09 October 2023	1 QAR = 2.712 MAD
10 October 2023	1 QAR = 2.760 MAD
11 October 2023	1 QAR = 2.819 MAD
12 October 2023	1 QAR = 2.812 MAD
13 October 2023	1 QAR = 2.815 MAD
16 October 2023	1 QAR = 2.718 MAD
17 October 2023	1 QAR = 2.817 MAD
18 October 2023	1 QAR = 2.814 MAD
19 October 2023	1 QAR = 2.734 MAD
20 October 2023	1 QAR = 2.831 MAD
21 October 2023	1 QAR = 2.836 MAD
22 October 2023	1 QAR = 2.836 MAD
23 October 2023	1 QAR = 2.735 MAD
24 October 2023	1 QAR = 2.836 MAD
25 October 2023	1 QAR = 2.829 MAD
26 October 2023	1 QAR = 2.819 MAD
27 October 2023	1 QAR = 2.819 MAD
29 October 2023	1 QAR = 2.821 MAD
30 October 2023	1 QAR = 2.735 MAD
31 October 2023	1 QAR = 2.825 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.

Historic Qatari Rial Moroccan dirham