The MAD/EUR pair shows how many Euros are needed to buy one Moroccan Dirham, used by travelers and businesses trading between Morocco and the Eurozone.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Days without a quotation are not interpolated: the series keeps only observations that were actually received.
Compare several periods before a trip, an international transfer or a foreign-currency invoice. The average, minimum and maximum provide a quick reference, while the table enables a date-by-date check.
Couverture du au , en UTC.
| Date UTC | Rate | Change | Nature |
|---|---|---|---|
| 0,09306163 | +0.20% | Market | |
| 0,09287959 | -0.17% | Market | |
| 0,09304046 | +0.58% | Market | |
| 0,09250507 | -0.47% | Market | |
| 0,09293935 | -0.90% | Market | |
| 0,09378791 | -0.25% | Market | |
| 0,09401924 | -2.84% | Market | |
| 0,09676765 | +2.98% | Market | |
| 0,09397115 | -2.77% | Market | |
| 0,09664593 | +3.48% | Market | |
| 0,09339622 | +0.01% | Market | |
| 0,09338658 | -3.54% | Market | |
| 0,09681551 | -0.19% | Market | |
| 0,09699684 | +3.52% | Market | |
| 0,09369538 | +0.12% | Market | |
| 0,09358145 | -3.41% | Market | |
| 0,09688907 | +3.17% | Market | |
| 0,09391631 | -0.13% | Market | |
| 0,09404208 | -2.90% | Market | |
| 0,09685069 | +3.54% | Market | |
| 0,09354331 | +0.03% | Market | |
| 0,09351135 | -0.19% | Market | |
| 0,0936859 | -3.03% | Market | |
| 0,09661736 | +0.09% | Market | |
| 0,09653008 | — | Market |
The MAD/EUR currency pair expresses the exchange rate between the Moroccan Dirham (MAD) and the Euro (EUR). This directed quote indicates how many Euros are required to purchase one Moroccan Dirham. The pair is primarily used by tourists, importers, and exporters who need to convert between the two currencies. When the MAD appreciates against the EUR, it means that fewer Euros are needed to buy one Dirham, reflecting a stronger Moroccan economy relative to the Eurozone.
Structural drivers of the MAD/EUR rate include the monetary policies of Bank Al-Maghrib (Morocco's central bank) and the European Central Bank (ECB). Morocco maintains a managed float regime with a currency basket heavily weighted toward the Euro, so the Dirham tends to move in tandem with the Euro against other currencies. Key factors include interest rate differentials, inflation rates, economic growth, trade balances, tourism flows, and remittances. Morocco's economy is also influenced by agricultural output and phosphate exports, while the Eurozone is driven by industrial production, services, and overall economic sentiment.
Over the past several years, the MAD/EUR rate has generally been stable due to Morocco's exchange rate policy, with gradual adjustments reflecting economic fundamentals. The Dirham has experienced modest depreciation against the Euro in some periods, influenced by Morocco's current account deficits and external debt. However, the peg to a Euro-dominated basket limits large swings. Future movements will depend on relative monetary policy stances, inflation differentials, and economic recovery patterns in both regions.
This analysis is provided for information only and is neither a forecast nor financial advice.
Each row combines a UTC date, a rate and the change from the previous available observation. A positive change means the base currency buys more of the quote currency than on the previous available date.
Displayed source: api.forex. Indicative values are used only as a visual fallback.