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

Swiss franc moroccan dirham history for September 2023. The highest quote for this month is 11.436 (18/09/2023) and the lowest 11.21 (01/09/2023). The difference between high and low is 1.98.

CHF MAD average rate for September 2023 is 11.25762, the change between 01/09/2023 and 30/09/2023 is -1.31 %.

01 September 2023	1 CHF = 11.13 MAD
04 September 2023	1 CHF = 11.24 MAD
05 September 2023	1 CHF = 11.15 MAD
06 September 2023	1 CHF = 11.10 MAD
07 September 2023	1 CHF = 11.43 MAD
08 September 2023	1 CHF = 11.38 MAD
11 September 2023	1 CHF = 11.07 MAD
12 September 2023	1 CHF = 11.07 MAD
13 September 2023	1 CHF = 11.38 MAD
14 September 2023	1 CHF = 11.35 MAD
15 September 2023	1 CHF = 11.44 MAD
18 September 2023	1 CHF = 11.07 MAD
19 September 2023	1 CHF = 11.45 MAD
20 September 2023	1 CHF = 11.43 MAD
21 September 2023	1 CHF = 11.42 MAD
22 September 2023	1 CHF = 11.37 MAD
25 September 2023	1 CHF = 10.98 MAD
26 September 2023	1 CHF = 11.26 MAD
27 September 2023	1 CHF = 11.22 MAD
28 September 2023	1 CHF = 11.21 MAD
29 September 2023	1 CHF = 11.28 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