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

Saudi riyal moroccan dirham history for November 2023. The highest quote for this month is 2.747 (03/11/2023) and the lowest 2.7175 (12/11/2023). The difference between high and low is 1.07.

SAR MAD average rate for November 2023 is 2.68957, the change between 01/11/2023 and 30/11/2023 is +2.35 %.

01 November 2023	1 SAR = 2.744 MAD
02 November 2023	1 SAR = 2.750 MAD
03 November 2023	1 SAR = 2.650 MAD
06 November 2023	1 SAR = 2.637 MAD
07 November 2023	1 SAR = 2.724 MAD
08 November 2023	1 SAR = 2.730 MAD
09 November 2023	1 SAR = 2.719 MAD
10 November 2023	1 SAR = 2.729 MAD
12 November 2023	1 SAR = 2.724 MAD
13 November 2023	1 SAR = 2.636 MAD
14 November 2023	1 SAR = 2.728 MAD
15 November 2023	1 SAR = 2.705 MAD
16 November 2023	1 SAR = 2.710 MAD
17 November 2023	1 SAR = 2.710 MAD
18 November 2023	1 SAR = 2.709 MAD
19 November 2023	1 SAR = 2.708 MAD
20 November 2023	1 SAR = 2.611 MAD
21 November 2023	1 SAR = 2.704 MAD
22 November 2023	1 SAR = 2.704 MAD
23 November 2023	1 SAR = 2.621 MAD
24 November 2023	1 SAR = 2.621 MAD
26 November 2023	1 SAR = 2.692 MAD
27 November 2023	1 SAR = 2.610 MAD
28 November 2023	1 SAR = 2.692 MAD
29 November 2023	1 SAR = 2.680 MAD
30 November 2023	1 SAR = 2.680 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