Compare USD to MAD MoneyGram Exchange Rates Online

If you're planning to send money from the US to Morocco, you'll want to compare USD to MAD MoneyGram exchange rates online. MoneyGram's exchange rate for USD to MAD is often higher than the mid-market rate, with a markup of around 5-10%.

To get the best deal, it's essential to shop around and compare rates from different providers. In our research, we found that MoneyGram's rates were generally higher than those of Western Union, another popular money transfer service.

The exchange rate for USD to MAD can fluctuate significantly depending on market conditions, so it's crucial to stay up-to-date with the latest rates. You can use online tools to track exchange rates and find the best time to send money.

MoneyGram's exchange rate for USD to MAD is not fixed and can vary depending on the transfer size and currency type. They apply a markup on their exchange rate, also known as an exchange rate margin, which can be difficult to pin down as it fluctuates day to day.

According to Monito's data, MoneyGram's exchange rate was 1 USD to 10.2976 MAD on March 14th, 2023, which is a weaker rate compared to the mid-market rate of 1 USD to 10.366514 MAD.

If you transfer $1,000 USD to Morocco with MoneyGram, your recipient would receive 10,297.60 MAD. This shows that MoneyGram has a markup of approximately 0.665%, which they keep as profit.

MoneyGram's exchange rate markup can add up over multiple transactions, so it's essential to compare rates and fees from different providers to find the best deal for your needs.

Here's a comparison of MoneyGram's exchange rate with other top remittance services:

MoneyGram is a trusted and reliable money transfer service that has been operating for over 80 years.

With over 350,000 agent locations worldwide, you may send money in person by speaking to a customer representative. They also offer online transfers from your bank account, credit card, or debit card, as well as mobile transfers to digital wallets.

MoneyGram is licensed in all 50 states, D.C., Puerto Rico, US Virgin Islands & Guam, and also holds licenses in the UK as an Authorized Payment Institution, and in the EEA under the European Union Payment Services Directive.

MoneyGram has been operating for over 80 years, making them a trusted and reliable money transfer service.

They offer services in over 200 countries and territories, which is a huge advantage when sending money abroad.

You can send money online from your bank account, credit card, or debit card, or visit one of their over 350,000 agent locations worldwide to speak to a customer representative in person.

MoneyGram also offers mobile transfers to digital wallets, making it easy to send money on the go.

MoneyGram is licensed in all 50 states, D.C., Puerto Rico, US Virgin Islands & Guam, and also in the UK as an Authorized Payment Institution, and in EEA under European Union Payment Services Directive.

Here's a breakdown of their transfer methods:

MoneyGram's customer reviews are also worth noting, with a 4.4/5-star rating from over 27,000 reviews on Trustpilot.

MoneyGram's transfer fees for sending USD to MAD can be a bit tricky to understand, but don't worry, I've got you covered.

MoneyGram's fees depend on several factors, including the amount being transferred, the destination country, the payment method, and the speed of the transfer.

If you're transferring a large amount, like $1,000 USD, you can use MoneyGram's fee estimator to get an idea of the costs involved.

Here are some examples of the fees you might incur for a $1,000 USD transfer to Morocco:

MoneyGram is licensed in all 50 states, D.C., Puerto Rico, US Virgin Islands, and Guam, which means you can trust that your transfer will be processed securely.

MoneyGram is a trusted provider for sending money from the US to Morocco, but it's not always the best option. Remitly was found to be the most cost-effective provider in 64% of comparisons from the US to Morocco.

According to Monito's 2022 data, Remitly offers the best deal for transferring money from the USA to Morocco. Wise comes in second, being the most cost-effective provider in 14% of comparisons.

MoneyGram was only found to offer the most cost-effective service in 3% of comparisons. XE Money Transfer was the most cost-effective provider in 11% of comparisons.

You can use Monito's live comparison engine to compare dollar to Moroccan dirham exchange rates and fees from multiple providers. This will help you find the best deal for your specific transfer.