Historic Swiss franc Moroccan dirham

Swiss franc moroccan dirham history for January 2024. The highest quote for this month is 11.703 (14/01/2024) and the lowest 11.665 (14/01/2024). The difference between high and low is 0.32.

CHF MAD average rate for January 2024 is 11.48554, the change between 01/01/2024 and 31/01/2024 is -1.55 %.

01 January 20241 CHF = 11.43 MAD
02 January 20241 CHF = 11.42 MAD
03 January 20241 CHF = 11.68 MAD
04 January 20241 CHF = 11.69 MAD
05 January 20241 CHF = 11.64 MAD
08 January 20241 CHF = 11.30 MAD
09 January 20241 CHF = 11.71 MAD
10 January 20241 CHF = 11.31 MAD
11 January 20241 CHF = 11.69 MAD
12 January 20241 CHF = 11.69 MAD
14 January 20241 CHF = 11.69 MAD
15 January 20241 CHF = 11.29 MAD
16 January 20241 CHF = 11.26 MAD
17 January 20241 CHF = 11.24 MAD
18 January 20241 CHF = 11.56 MAD
19 January 20241 CHF = 11.51 MAD
22 January 20241 CHF = 11.09 MAD
23 January 20241 CHF = 11.44 MAD
24 January 20241 CHF = 11.48 MAD
25 January 20241 CHF = 11.53 MAD
26 January 20241 CHF = 11.51 MAD
27 January 20241 CHF = 11.52 MAD
28 January 20241 CHF = 11.55 MAD
29 January 20241 CHF = 11.17 MAD
30 January 20241 CHF = 11.63 MAD
31 January 20241 CHF = 11.61 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 January 2024
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CHF MAD January 2025