Yemeni Rial moroccan dirham exchange rate history (YER MAD) October 2023

Yemeni Rial moroccan dirham history for October 2023. The highest quote for this month is 0.041333 (04/10/2023) and the lowest 0.041305 (21/10/2023). The difference between high and low is 0.07.

YER MAD average rate for October 2023 is 0.04076, the change between 01/10/2023 and 31/10/2023 is -0.04 %.

01 October 2023	1 YER = 0.0411 MAD
02 October 2023	1 YER = 0.0398 MAD
03 October 2023	1 YER = 0.0413 MAD
04 October 2023	1 YER = 0.0413 MAD
05 October 2023	1 YER = 0.0412 MAD
06 October 2023	1 YER = 0.0400 MAD
07 October 2023	1 YER = 0.0411 MAD
09 October 2023	1 YER = 0.0395 MAD
10 October 2023	1 YER = 0.0402 MAD
11 October 2023	1 YER = 0.0411 MAD
12 October 2023	1 YER = 0.0410 MAD
13 October 2023	1 YER = 0.0410 MAD
16 October 2023	1 YER = 0.0396 MAD
17 October 2023	1 YER = 0.0410 MAD
18 October 2023	1 YER = 0.0410 MAD
19 October 2023	1 YER = 0.0398 MAD
20 October 2023	1 YER = 0.0412 MAD
21 October 2023	1 YER = 0.0413 MAD
22 October 2023	1 YER = 0.0413 MAD
23 October 2023	1 YER = 0.0398 MAD
24 October 2023	1 YER = 0.0413 MAD
25 October 2023	1 YER = 0.0412 MAD
26 October 2023	1 YER = 0.0411 MAD
27 October 2023	1 YER = 0.0411 MAD
29 October 2023	1 YER = 0.0411 MAD
30 October 2023	1 YER = 0.0398 MAD
31 October 2023	1 YER = 0.0412 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.

11/02/2020: Currency Devaluation

The Yemeni Rial witnessed another devaluation as the Central Bank of Yemen devalued the currency by 25% to ease foreign currency shortages and stabilize the economy.

13/10/2016: Central Bank Relocation

The internationally recognized government of Yemen relocated the Central Bank from Sana'a to Aden, causing further fragmentation in the value and availability of the Yemeni Rial.

16/09/2015: Houthi Takeover and Currency Instability

Following the Houthi rebel's takeover of the capital Sana'a, the Yemeni Rial faced further instability, resulting in hyperinflation and a depreciation of its value.

02/06/2014: Introduction of the fourth dirham

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

27/09/2009: Government Decision

The Yemeni government announced a 9.3% devaluation of the rial as a measure to cope with the economic crisis and declining oil revenues.

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.

01/05/1999: Introduction of the third dirham

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

04/05/1994: Civil War and Currency Devaluation

During the Yemeni Civil War, the Yemeni Rial experienced a significant devaluation, with the exchange rate reaching around 200 rials for 1 US dollar.

22/05/1990: Yemeni Unification

The Yemeni Rial became the official currency of the newly unified country of Yemen after the merger of the Yemen Arab Republic (North Yemen) and People's Democratic Republic of Yemen (South Yemen).

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.

26/08/1948: Currency Introduction

The Yemeni Rial (YER) was first introduced as the official currency of North Yemen, replacing the Yemeni Riyal at a rate of 1 rial = 1,000 Riyals.

Historic Yemeni Rial Moroccan dirham