That's an absolutely lovely watch, and it certainly was't a cheap watch when your friend's dad bought it.
It's almost impossible to date Movados to an exact year, but the reference and serial numbers contain some information about the watch. The '1' in the 5 digit reference number indicates a steel case. It's a rather nice one as well: an FB, or Borgel case, a well-known manufacturer with a very interesting history. This exact case reference was used by Movado in their ads; they tied it to a ship's hull and sailed it across the Atlantic to prove its water resistance.
The other 4 digits contain information about the movement used. In this case it's a 220 series in-house caliber. Given that it has a date corrector it should be a cal 224. This number should be visible underneath the balance wheel. This movement had a short production run, so it dates the watch to circa 1952-1954.
It's interesting that the movement is numbered. This was usually only done on chronometers. In order to be tested at an observatory these had to have a unique ID number.
Movado has a long and interesting history. I wrote about it here: https://www.horlogeforum.nl/t/vintag...oductie/323178 It's in Dutch, but maybe you can use Google Translate.
One of my Movados has the same case style:
And here's the ad I mentioned:
Hope this helps.