Saudi riyal moroccan dirham exchange rate history (SAR MAD) August 2023

Saudi riyal moroccan dirham history for August 2023. The highest quote for this month is 2.6688 (24/08/2023) and the lowest 2.6642 (19/08/2023). The difference between high and low is 0.17.

SAR MAD average rate for August 2023 is 2.60584, the change between 01/08/2023 and 31/08/2023 is +0.53 %.

01 August 2023	1 SAR = 2.628 MAD
02 August 2023	1 SAR = 2.631 MAD
03 August 2023	1 SAR = 2.564 MAD
04 August 2023	1 SAR = 2.621 MAD
07 August 2023	1 SAR = 2.496 MAD
08 August 2023	1 SAR = 2.542 MAD
09 August 2023	1 SAR = 2.505 MAD
10 August 2023	1 SAR = 2.512 MAD
11 August 2023	1 SAR = 2.528 MAD
12 August 2023	1 SAR = 2.632 MAD
14 August 2023	1 SAR = 2.532 MAD
15 August 2023	1 SAR = 2.632 MAD
16 August 2023	1 SAR = 2.635 MAD
17 August 2023	1 SAR = 2.642 MAD
18 August 2023	1 SAR = 2.649 MAD
19 August 2023	1 SAR = 2.664 MAD
20 August 2023	1 SAR = 2.664 MAD
21 August 2023	1 SAR = 2.539 MAD
22 August 2023	1 SAR = 2.661 MAD
23 August 2023	1 SAR = 2.667 MAD
24 August 2023	1 SAR = 2.667 MAD
25 August 2023	1 SAR = 2.680 MAD
28 August 2023	1 SAR = 2.593 MAD
29 August 2023	1 SAR = 2.631 MAD
30 August 2023	1 SAR = 2.623 MAD
31 August 2023	1 SAR = 2.615 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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

01/05/1999: Introduction of the third dirham

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

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

12/12/1980: Introduction of the second dirham

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

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

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

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

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

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.

Historic Saudi riyal Moroccan dirham