Staying informed about the latest Moroccan Dirham to US Dollar (MAD to USD) exchange rate is crucial for international money transfers, travel planning, and business transactions. This guide provides you with the current conversion rate, historical data, and essential information to understand the value of your currency.
Understanding the MAD to USD Exchange Rate
The exchange rate between the Moroccan Dirham (MAD) and the United States Dollar (USD) represents how much one currency is worth in terms of the other. This rate fluctuates constantly due to global economic factors, market demand, and geopolitical events. For instance, as of the latest update, the exchange rate stands at:
1 MAD = 0.1114 USD
This means that for every one Moroccan Dirham, you would receive approximately eleven US cents.
Why Exchange Rates Matter
Exchange rates directly impact the cost of goods and services, international investments, and remittances. A favorable rate can save you significant money when converting large sums. It's essential to monitor these rates if you are involved in:
- Sending money to family abroad.
- Paying for international services or products.
- Investing in foreign markets.
- Budgeting for travel expenses.
Current MAD to USD Conversion Table
Below is a handy table to quickly convert common amounts between Moroccan Dirham and US Dollars.
| Moroccan Dirham (MAD) | US Dollars (USD) |
|---|---|
| 1 MAD | 0.1114 USD |
| 2 MAD | 0.2228 USD |
| 5 MAD | 0.5571 USD |
| 10 MAD | 1.1142 USD |
| 15 MAD | 1.6713 USD |
| 20 MAD | 2.2284 USD |
| 25 MAD | 2.7855 USD |
| 50 MAD | 5.5710 USD |
Historical MAD to USD Exchange Rate Data
Tracking historical trends can provide valuable insights into the currency pair's volatility and help predict future movements. Here is a recent snapshot of the daily exchange rates.
| Date | Exchange Rate |
|---|---|
| Tuesday 01/07/2025 | 1 MAD = 0.1115 USD |
| Monday 30/06/2025 | 1 MAD = 0.1111 USD |
| Sunday 29/06/2025 | 1 MAD = 0.1108 USD |
| Saturday 28/06/2025 | 1 MAD = 0.1108 USD |
| Friday 27/06/2025 | 1 MAD = 0.1107 USD |
| Thursday 26/06/2025 | 1 MAD = 0.1108 USD |
| Wednesday 25/06/2025 | 1 MAD = 0.1102 USD |
| Tuesday 24/06/2025 | 1 MAD = 0.1099 USD |
This data shows the typical fluctuations that occur in the foreign exchange market, influenced by daily trading and economic news.
Converting Moroccan Dirham to Other Currencies
The Moroccan Dirham can be exchanged for many major world currencies. Besides the US Dollar, popular conversion pairs include:
- Moroccan Dirham to Euro (MAD/EUR)
- Moroccan Dirham to British Pound (MAD/GBP)
- Moroccan Dirham to Canadian Dollar (MAD/CAD)
- Moroccan Dirham to Australian Dollar (MAD/AUD)
- Moroccan Dirham to Japanese Yen (MAD/JPY)
- Moroccan Dirham to Chinese Yuan (MAD/CNY)
👉 Check real-time exchange rates for these and other currencies
Frequently Asked Questions
What is the current exchange rate for MAD to USD?
The exchange rate between the Moroccan Dirham and the US Dollar changes constantly throughout the day. The rate is influenced by global financial markets, economic data releases, and political events. Always check a reliable financial source for the most up-to-date quote before making a transaction.
How often do MAD to USD exchange rates update?
Rates can update as frequently as every few seconds on live trading platforms. Most financial websites and currency converter tools refresh their data every minute to provide users with accurate and timely information for making informed decisions.
Why does the MAD to USD exchange rate fluctuate?
The value of a currency fluctuates based on supply and demand in the global foreign exchange market. Key factors include interest rates set by Bank Al-Maghrib and the Federal Reserve, inflation rates, economic growth in Morocco and the US, and overall geopolitical stability.
Where is the best place to exchange MAD for USD?
The best place to exchange currency depends on the amount and your location. Banks and official exchange bureaus often provide security but may have higher fees. Online currency exchange services can sometimes offer more competitive rates for larger transfers. It's wise to compare options.
Is it better to exchange currency in Morocco or the US?
Generally, you will find more favorable exchange rates within Morocco, as the Dirham is the local currency. Exchanging money at airports or in a foreign country often results in less competitive rates and higher service charges. Plan ahead for the best value.
Are there fees when converting MAD to USD?
Yes, most financial institutions and exchange services charge a fee or commission for currency conversion. This can be a flat fee or a percentage of the total amount being converted. Some services might offer a seemingly good exchange rate but hide fees in the spread, so always ask about the total cost.