USD to Moroccan Dirham (MAD): A Comprehensive Guide
USD to Moroccan Dirham: Live Exchange Rate (July 28, 2025)
1 USD = ~9.04 MAD is about 0.111 USD. This information relies on mid-market rates around 12:00 UTC. The USD gained about 0.06 MAD.
This means the dirham appreciated by 0.67%.Recent Performance
- 30‑day USD/MAD range: High ≈ 9.08, Low ≈ 8.98; average ~9.01 MAD per USD.
- 90‑day average: ~9.14 MAD, down ~2.5% from earlier highs ~9.33.
Historical Context & Drivers – USD to Moroccan Dirham
The Moroccan dirham (MAD) uses a managed floating exchange rate system. Bank Al-Maghrib, Morocco’s central bank, oversees this system.
Since 2018, Morocco has linked the dirham to a currency basket. This basket is about 60% euro and 40% U.S. dollar. The dirham can change within a range of ±5%.
This hybrid setup combines Morocco’s strong economic connections to the eurozone with the global influence of the U.S. dollar. This creates a stable exchange environment.
The value of the dirham is shaped by multiple factors:
- Trade relations: Morocco’s main trading partners are the European Union and the United States. This makes changes in the euro and dollar important for the MAD.
- Tourism revenues: Morocco is a top North African tourist destination. Seasonal spikes in foreign visitors bring in hard currency, often strengthening the dirham.
- Commodity prices: As a significant exporter of phosphates and agricultural products, global commodity price swings influence Morocco’s trade balance and, indirectly, the dirham.
- Monetary policy: The central bank is careful with interest rates and managing reserves. This keeps the currency stable. The government plans gradual reforms to move to a more flexible exchange rate by 2026.
In the past year, the dirham has gained value against the U.S. dollar. This shows stability at home and a small drop in the dollar’s strength in global markets. External economic conditions closely tie the dirham’s performance. Morocco’s economic policies also influence it.
Why It Matters: Applications You Should Know – USD to Moroccan Dirham
For Travelers & Expats:
- If you’re arriving in Morocco, € or USD can be exchanged only in Morocco (dirham is non-convertible abroad).
- Avoid airport bureaus unless necessary—they charge higher markup. Prefer banks or legal bureaux de change in cities for better rates.
- ATM withdrawals are widely available but may include fees; have some cash on hand for markets and taxis.
For Businesses & Remittance:
- Exporters, importers, and remitters should watch the trend. A stronger dirham means that USD buys fewer MAD. This is important for margins and budgeting.
- Platforms like OFX, Wise, Revolut, Remitly and Western Union each show live but slightly different rates based on fees and timing.
For Investors & Currency Watchers:
- Morocco’s economy remains stable, projected ~3.9% GDP growth in 2025 with inflation around 2%. That stability supports gradual shifts in exchange rates.
- By 2026, experts expect a more flexible exchange regime that could allow wider rate fluctuations.
Historical Patterns at a Glance – USD to Moroccan Dirham
| Period | USD → MAD (approx) | MAD → USD |
|---|---|---|
| Today | ~9.04 MAD | ~0.111 USD |
| Last 30 days | 8.98 – 9.08 (avg 9.01) | — |
| Last 6 months | ~9.14 avg → down ~2.5% | — |
| 1 year ago | ~9.83 MAD (weaker dollar figure) | — |
- MAD/USD high last year: ~0.11145 USD (6 July 2025)—reflecting local strength.
Learn more about Casablanca Morocco
Tips for Converting & Transacting – USD to Moroccan Dirham
- Track mid-market rate: Use tools like XE or Wise for reference, then compare local provider rates.
- Plan timing: Rate swings (~±5%) can be meaningful for large sums—watch weekly highs and lows.
- Avoid extra fees: No hidden markup with Wise, Revolut or OFX vs. potential spreads at traditional exchange points.
- Keep minor cash handy: In Morocco, santimat coins exist, but daily expenses often still require cash.
Future Outlook – USD to Moroccan Dirham
- Moroccan policy is moving toward a more flexible exchange rate system, expected around 2026. You can expect gradual changes outside the ±5% band.
- Inflation staying near 2%, combined with solid GDP growth (~3.9%), suggests reasonable stability—USD/MAD may remain in a narrow corridor unless global shocks intervene.
In Summary – USD to Moroccan Dirham
- Current rate: 1 USD ≈ 9.04 MAD; 1 MAD ≈ 0.111 USD
- Trend: Dirham has strengthened slightly in July; USD is down ~2.5% over last 90 days.
- Remember: Dirham exchange only in Morocco, avoid airport bureaus, use modern remittance tools, and time your transactions.
- Watch out: Transition to more flexible exchange regime in 2026 could bring increased volatility.
