1 Moroccan Dirham to USD | Currency Conversion Tips

Author

Reads 1.2K

Detailed monochrome image of a Moroccan banknote showcasing intricate designs.
Credit: pexels.com, Detailed monochrome image of a Moroccan banknote showcasing intricate designs.

The Moroccan Dirham to USD conversion can be a bit tricky, but don't worry, I've got you covered.

Morocco's currency, the Moroccan Dirham (MAD), has a fixed exchange rate with the US Dollar (USD). According to the Bank of Morocco, the exchange rate is approximately 10.35 MAD per USD.

To get the best exchange rate, it's essential to check the current rates before exchanging your money. You can do this by visiting the Bank of Morocco's website or checking with a reputable currency exchange service.

For example, if you're exchanging 1 Moroccan Dirham, you can expect to get around 0.096 USD.

Conversion Tools

If you need to convert Moroccan Dirhams to US Dollars, you've come to the right place. We have a live currency converter that will give you the most up-to-date exchange rate.

You can find the current exchange rate by looking at the Latest Currency Exchange Rates section, which shows that 1 Moroccan Dirham is equal to 0.0998 US Dollars.

Credit: youtube.com, Quick EASY way to convert Moroccan Dirham to USD (No Calculator Needed)

The Market Exchange Rates Table provides more information, including the Ask Price, which is the price that a seller is willing to accept for a unit of currency.

To make conversions easier, we've also included a handy conversion table that shows the value of different amounts of Moroccan Dirhams in US Dollars.

Here's a quick reference table to help you convert Moroccan Dirhams to US Dollars:

This table shows you the value of different amounts of Moroccan Dirhams in US Dollars.

Understanding Rates

The Moroccan Dirham (MAD) to US Dollar (USD) exchange rate is influenced by various factors, including market demand and supply.

As of January 15, 2025, the best MAD to USD exchange rate is 0.09980 USD, meaning that for every Moroccan Dirham you exchange, you will receive 0.09980 US Dollars.

This rate is subject to change and can fluctuate over time. In the past 30 days, the MAD to USD exchange rate reached a high of 0.10028 and a low of 0.09882, with an average rate of 0.09941.

Credit: youtube.com, Dollar to Morocco Dirham Exchange rate | Moroccan dirham to US Dollar rate | US Dollar to Dirham

The volatility of the exchange rate is also an important factor to consider. Over the last 30 days, the MAD to USD exchange rate had a volatility of -1.03%.

Here's a summary of the high, low, and average exchange rates over the past 30 and 90 days:

Understanding the exchange rate and its volatility can help you make informed decisions when converting Moroccan Dirhams to US Dollars.

Dirham vs Dollar

The Moroccan Dirham (MAD) and the US Dollar (USD) are two popular currencies that often come into play when traveling or exchanging money. The MAD to USD exchange rate can fluctuate significantly over time, making it essential to stay informed.

The lowest MAD to USD exchange rate in the last year was 0.09836 US Dollars per Moroccan Dirham on April 16, 2024. This means that if you exchanged your MAD for USD at that time, you would have received a very low value.

Credit: youtube.com, How Exchange Rates Are Determined

The average MAD to USD exchange rate over the last 90 days is 0.10020, with a high of 0.10188 and a low of 0.09882. This indicates that the exchange rate has been relatively stable, with some minor fluctuations.

Here's a breakdown of the MAD to USD exchange rate over the last 10 years:

The Moroccan Dirham has increased +0.83% year-to-date against the US Dollar, but over the past 10 years, it has declined -1.06% against the US Dollar. This indicates that the MAD has lost purchasing power compared to the USD over the last decade.

If you're looking to exchange 100 MAD for USD, you would currently receive around 9.9804 US Dollars, with an exchange rate of 0.09980 US Dollars per Moroccan Dirham.

When to Convert?

The best time to convert your money is between 3-4 PM GMT, when currency market liquidity and trading volume are at their highest.

Markets are open 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York.

Converting early in the week is a good idea if you need the money urgently, as executing a trade late in the week might result in a delayed settlement until the following week.

Forex markets are closed on weekends, so be sure to plan ahead.

FAQs

Credit: youtube.com, Understanding "Usurious Rates": An English Language Learning Guide

What is the difference between a fixed rate and a variable rate?

A fixed rate remains the same over the entire term of a loan or investment, whereas a variable rate can change over time.

What is the minimum interest rate for a fixed-rate loan?

The minimum interest rate for a fixed-rate loan is typically 3% to 5%, depending on the lender and market conditions.

What happens when the interest rate on a variable-rate loan changes?

When the interest rate on a variable-rate loan changes, the borrower's monthly payment may increase or decrease accordingly.

Can I negotiate a lower interest rate on a loan?

Yes, it's possible to negotiate a lower interest rate on a loan, especially if you have a good credit score or a long-term relationship with the lender.

How often do lenders adjust interest rates on variable-rate loans?

Lenders typically adjust interest rates on variable-rate loans quarterly or annually, depending on market conditions.

What is the average term for a fixed-rate loan?

The average term for a fixed-rate loan is 5 to 10 years, although some loans can have terms ranging from 1 to 30 years.

Factors Affecting Conversion

Credit: youtube.com, US Dollar to Moroccan dirham - Morocco and Western Sahara Currency Exchange Rates Today

Differences in inflation can significantly impact the value of the Moroccan dirham in relation to the US dollar. Economies with low inflation rates tend to see their currency value rise as purchasing power increases.

Differences in interest rates can also affect the demand for the Moroccan dirham. Higher interest rates can attract foreign investors, increasing the value of the currency.

Trade deficits can lead to a depreciation of the Moroccan dirham. If Morocco is spending more than it's earning through foreign trade, it requires more foreign currency, which can weaken its currency.

Politics can also impact the exchange rate of the Moroccan dirham. Economies with stable politics tend to make better foreign investments, increasing the value of their currency.

Economic performance is another key factor affecting the conversion of 1 Moroccan dirham to USD. Strong economies attract global capital, increasing the buying power of their currency.

Here are some of the key factors that can impact the value of the Moroccan dirham in relation to the US dollar:

  • Differences in inflation
  • Differences in interest rates
  • Trade deficits
  • Politics
  • Economic performance

Comparison and Analysis

Credit: youtube.com, Exchange Rates: Dubai Dirham vs Moroccan Dirham - Which Currency Wins ? Morocco news | Dubai news

One Moroccan Dirham is equivalent to approximately 0.11 USD, making it one of the weakest currencies in the world.

This fluctuation in value is due to the country's economic instability and reliance on imports, which has led to a significant trade deficit.

The Moroccan Dirham has been pegged to the Euro since 2002, which has helped to stabilize the currency.

However, the Dirham's value against the USD has been steadily decreasing over the years, with a significant drop in 2019.

The Moroccan government has implemented various economic reforms to address the country's economic issues, but the Dirham's value remains volatile.

Exchange Rate Information

The exchange rate between the Moroccan Dirham (MAD) and the US Dollar (USD) is a key factor to consider when converting currencies. As of January 15, 2025, 1 Moroccan Dirham is equivalent to 0.09980 US Dollars.

The exchange rate can fluctuate over time, and it's essential to stay up-to-date with the current rate. According to the latest currency exchange rates, the Moroccan Dirham has increased +0.83% year-to-date against the US Dollar.

Credit: youtube.com, Today US Dollar to Morocco Dirham | Morocco Currency to us Dollar | 1 Dollar How much Morocco Dirham

The Moroccan Dirham has a relatively low value against the US Dollar, with 1 USD being equal to 10.020 MAD. This means that for every Moroccan Dirham you exchange, you will receive 0.09980 US Dollars.

Here's a breakdown of the exchange rate for different amounts of Moroccan Dirhams:

The exchange rate can vary depending on the time period you're looking at. Over the last 30 days, the MAD to USD exchange rate reached a high of 0.10028 and a low of 0.09882, with an average rate of 0.09941.

Ramiro Senger

Lead Writer

Ramiro Senger is a seasoned writer with a passion for delivering informative and engaging content to readers. With a keen interest in the world of finance, he has established himself as a trusted voice in the realm of mortgage loans and related topics. Ramiro's expertise spans a range of article categories, including mortgage loans and bad credit mortgage options.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.