Swiss franc moroccan dirham exchange rate history (CHF MAD) December 2023

Swiss franc moroccan dirham history for December 2023. The highest quote for this month is 11.72 (31/12/2023) and the lowest 11.72 (31/12/2023). The difference between high and low is 0.

CHF MAD average rate for December 2023 is 11.4903, the change between 01/12/2023 and 31/12/2023 is -5 %.

01 December 2023	1 CHF = 11.16 MAD
02 December 2023	1 CHF = 11.61 MAD
03 December 2023	1 CHF = 11.61 MAD
04 December 2023	1 CHF = 11.25 MAD
05 December 2023	1 CHF = 11.55 MAD
06 December 2023	1 CHF = 11.54 MAD
07 December 2023	1 CHF = 11.54 MAD
08 December 2023	1 CHF = 11.55 MAD
10 December 2023	1 CHF = 11.55 MAD
11 December 2023	1 CHF = 11.18 MAD
12 December 2023	1 CHF = 11.23 MAD
13 December 2023	1 CHF = 11.25 MAD
14 December 2023	1 CHF = 11.70 MAD
15 December 2023	1 CHF = 11.63 MAD
18 December 2023	1 CHF = 11.30 MAD
19 December 2023	1 CHF = 11.30 MAD
20 December 2023	1 CHF = 11.74 MAD
21 December 2023	1 CHF = 11.64 MAD
22 December 2023	1 CHF = 11.63 MAD
23 December 2023	1 CHF = 11.60 MAD
24 December 2023	1 CHF = 11.59 MAD
25 December 2023	1 CHF = 11.22 MAD
26 December 2023	1 CHF = 11.21 MAD
27 December 2023	1 CHF = 11.61 MAD
28 December 2023	1 CHF = 11.63 MAD
29 December 2023	1 CHF = 11.72 MAD
31 December 2023	1 CHF = 11.72 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.

15/01/2015: Removal of Minimum Exchange Rate

The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

06/09/2011: Implementation of Minimum Exchange Rate

The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.

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.

13/09/1999: Introduction of Euro

Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

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.

08/05/1973: Floatation of Swiss Franc

Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

01/05/1936: Introduction of Swiss National Bank

The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).

24/11/1907: Gold Standard Referendum

Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.

06/06/1850: Currency Act of 1850

The Swiss franc (CHF) was introduced as the official currency of Switzerland.

Historic Swiss franc Moroccan dirham