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MAD to EUR - Moroccan Dirham to Euro Converter

Convert Moroccan Dirham to Euro with daily ECB exchange rates

1 MAD = ~0.0920 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

MAD–EUR moves with policy shifts and trade. Mental math can mislead when rates swing.

Rates can swing quickly. Use live converters and set alerts for large transfers.

⚠️ Before exchanging for travel📈 For business payments💶 For remittance planning

Common MAD - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Key drivers include Bank Al-Maghrib policy, European Central Bank decisions, inflation gaps, trade balances with the EU, and global risk sentiment. Shifts in any of these can move MAD relative to EUR.

Economic Context

Trading Relationship

Morocco maintains substantial European trade, with euro-denominated activity in imports and services. The MAD/EUR rate influences pricing for Moroccan exporters and European buyers alike, shaping cross-border costs.

Key Rate Factors

  • •Central bank policy (Bank Al-Maghrib) and ECB decisions
  • •Inflation differentials between Morocco and the Eurozone
  • •Trade balances and tariff regimes with the EU
  • •Political stability and regional risk sentiment
  • •Global demand for commodities and capital flows

Central Banks

Bank Al-Maghrib
Rabat, Morocco
Sets monetary policy and regulates Moroccan banks to manage inflation and ensure financial stability.
European Central Bank
Frankfurt, Germany
Directs monetary policy for the Eurozone, guiding interest rates and money supply for price stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates