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

Saudi riyal moroccan dirham history for October 2023. The highest quote for this month is 2.7551 (21/10/2023) and the lowest 2.7551 (21/10/2023). The difference between high and low is 0.

SAR MAD average rate for October 2023 is 2.71874, the change between 01/10/2023 and 31/10/2023 is -0.01 %.

01 October 2023	1 SAR = 2.744 MAD
02 October 2023	1 SAR = 2.654 MAD
03 October 2023	1 SAR = 2.754 MAD
04 October 2023	1 SAR = 2.757 MAD
05 October 2023	1 SAR = 2.750 MAD
06 October 2023	1 SAR = 2.669 MAD
07 October 2023	1 SAR = 2.738 MAD
09 October 2023	1 SAR = 2.635 MAD
10 October 2023	1 SAR = 2.681 MAD
11 October 2023	1 SAR = 2.738 MAD
12 October 2023	1 SAR = 2.732 MAD
13 October 2023	1 SAR = 2.735 MAD
16 October 2023	1 SAR = 2.640 MAD
17 October 2023	1 SAR = 2.736 MAD
18 October 2023	1 SAR = 2.733 MAD
19 October 2023	1 SAR = 2.655 MAD
20 October 2023	1 SAR = 2.749 MAD
21 October 2023	1 SAR = 2.755 MAD
22 October 2023	1 SAR = 2.754 MAD
23 October 2023	1 SAR = 2.656 MAD
24 October 2023	1 SAR = 2.755 MAD
25 October 2023	1 SAR = 2.748 MAD
26 October 2023	1 SAR = 2.738 MAD
27 October 2023	1 SAR = 2.738 MAD
28 October 2023	1 SAR = 2.743 MAD
29 October 2023	1 SAR = 2.740 MAD
30 October 2023	1 SAR = 2.654 MAD
31 October 2023	1 SAR = 2.744 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