Historic Swiss franc Moroccan dirham

Swiss franc moroccan dirham history for February 2024. The highest quote for this month is 11.59 (04/02/2024) and the lowest 11.598 (04/02/2024). The difference between high and low is -0.07.

CHF MAD average rate for February 2024 is 11.37444, the change between 01/02/2024 and 29/02/2024 is +3.77 %.

01 February 20241 CHF = 11.59 MAD
02 February 20241 CHF = 11.67 MAD
04 February 20241 CHF = 11.59 MAD
05 February 20241 CHF = 11.26 MAD
06 February 20241 CHF = 11.21 MAD
07 February 20241 CHF = 11.58 MAD
08 February 20241 CHF = 11.51 MAD
09 February 20241 CHF = 11.50 MAD
11 February 20241 CHF = 11.44 MAD
12 February 20241 CHF = 11.10 MAD
13 February 20241 CHF = 11.46 MAD
14 February 20241 CHF = 11.34 MAD
15 February 20241 CHF = 11.38 MAD
16 February 20241 CHF = 11.43 MAD
19 February 20241 CHF = 11.07 MAD
20 February 20241 CHF = 11.07 MAD
21 February 20241 CHF = 11.43 MAD
22 February 20241 CHF = 11.46 MAD
23 February 20241 CHF = 11.43 MAD
24 February 20241 CHF = 11.42 MAD
25 February 20241 CHF = 11.43 MAD
26 February 20241 CHF = 11.03 MAD
27 February 20241 CHF = 11.39 MAD
28 February 20241 CHF = 11.45 MAD
29 February 20241 CHF = 11.16 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.
CHF MAD July 2023
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