Historic Saudi riyal Moroccan dirham

Saudi riyal moroccan dirham history for January 2024. The highest quote for this month is 2.6749 (30/01/2024) and the lowest 2.6549 (28/01/2024). The difference between high and low is 0.75.

SAR MAD average rate for January 2024 is 2.6288, the change between 01/01/2024 and 31/01/2024 is -4.1 %.

01 January 20241 SAR = 2.566 MAD
02 January 20241 SAR = 2.565 MAD
03 January 20241 SAR = 2.651 MAD
04 January 20241 SAR = 2.650 MAD
05 January 20241 SAR = 2.642 MAD
06 January 20241 SAR = 2.654 MAD
07 January 20241 SAR = 2.646 MAD
08 January 20241 SAR = 2.563 MAD
09 January 20241 SAR = 2.650 MAD
10 January 20241 SAR = 2.574 MAD
11 January 20241 SAR = 2.656 MAD
12 January 20241 SAR = 2.655 MAD
14 January 20241 SAR = 2.654 MAD
15 January 20241 SAR = 2.572 MAD
16 January 20241 SAR = 2.572 MAD
17 January 20241 SAR = 2.585 MAD
18 January 20241 SAR = 2.667 MAD
19 January 20241 SAR = 2.666 MAD
22 January 20241 SAR = 2.567 MAD
23 January 20241 SAR = 2.654 MAD
24 January 20241 SAR = 2.665 MAD
25 January 20241 SAR = 2.658 MAD
26 January 20241 SAR = 2.665 MAD
28 January 20241 SAR = 2.661 MAD
29 January 20241 SAR = 2.577 MAD
30 January 20241 SAR = 2.675 MAD
31 January 20241 SAR = 2.671 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
SAR MAD September 2024
SAR MAD October 2024
SAR MAD November 2024
SAR MAD December 2024
SAR MAD January 2025