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

Saudi riyal moroccan dirham history for December 2023. The highest quote for this month is 2.7189 (14/12/2023) and the lowest 2.7013 (10/12/2023). The difference between high and low is 0.65.

SAR MAD average rate for December 2023 is 2.65374, the change between 01/12/2023 and 31/12/2023 is -1.3 %.

01 December 2023	1 SAR = 2.606 MAD
03 December 2023	1 SAR = 2.690 MAD
04 December 2023	1 SAR = 2.603 MAD
05 December 2023	1 SAR = 2.690 MAD
06 December 2023	1 SAR = 2.695 MAD
07 December 2023	1 SAR = 2.696 MAD
08 December 2023	1 SAR = 2.698 MAD
10 December 2023	1 SAR = 2.710 MAD
11 December 2023	1 SAR = 2.622 MAD
12 December 2023	1 SAR = 2.632 MAD
13 December 2023	1 SAR = 2.627 MAD
14 December 2023	1 SAR = 2.719 MAD
15 December 2023	1 SAR = 2.691 MAD
16 December 2023	1 SAR = 2.699 MAD
17 December 2023	1 SAR = 2.698 MAD
18 December 2023	1 SAR = 2.622 MAD
19 December 2023	1 SAR = 2.616 MAD
20 December 2023	1 SAR = 2.696 MAD
21 December 2023	1 SAR = 2.680 MAD
22 December 2023	1 SAR = 2.658 MAD
23 December 2023	1 SAR = 2.645 MAD
24 December 2023	1 SAR = 2.645 MAD
25 December 2023	1 SAR = 2.557 MAD
26 December 2023	1 SAR = 2.559 MAD
27 December 2023	1 SAR = 2.643 MAD
28 December 2023	1 SAR = 2.615 MAD
29 December 2023	1 SAR = 2.640 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