Historic Saudi riyal Moroccan dirham

Saudi riyal moroccan dirham history for February 2024. The highest quote for this month is 2.6901 (21/02/2024) and the lowest 2.6844 (18/02/2024). The difference between high and low is 0.21.

SAR MAD average rate for February 2024 is 2.66089, the change between 01/02/2024 and 29/02/2024 is +1.96 %.

01 February 20241 SAR = 2.669 MAD
02 February 20241 SAR = 2.671 MAD
03 February 20241 SAR = 2.678 MAD
04 February 20241 SAR = 2.678 MAD
05 February 20241 SAR = 2.604 MAD
06 February 20241 SAR = 2.605 MAD
07 February 20241 SAR = 2.689 MAD
08 February 20241 SAR = 2.686 MAD
09 February 20241 SAR = 2.681 MAD
12 February 20241 SAR = 2.590 MAD
13 February 20241 SAR = 2.679 MAD
14 February 20241 SAR = 2.687 MAD
15 February 20241 SAR = 2.688 MAD
16 February 20241 SAR = 2.685 MAD
18 February 20241 SAR = 2.684 MAD
19 February 20241 SAR = 2.602 MAD
20 February 20241 SAR = 2.608 MAD
21 February 20241 SAR = 2.691 MAD
22 February 20241 SAR = 2.690 MAD
23 February 20241 SAR = 2.684 MAD
24 February 20241 SAR = 2.682 MAD
25 February 20241 SAR = 2.682 MAD
26 February 20241 SAR = 2.594 MAD
27 February 20241 SAR = 2.675 MAD
28 February 20241 SAR = 2.685 MAD
29 February 20241 SAR = 2.617 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.
SAR MAD January 2024
SAR MAD February 2024
SAR MAD March 2024
SAR MAD April 2024
SAR MAD May 2024
SAR MAD June 2024
SAR MAD July 2024
SAR MAD August 2024
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SAR MAD November 2024
SAR MAD December 2024
SAR MAD January 2025