💱 USD to MAD Converter
Live US Dollar to Moroccan Dirham exchange rate — updated in real-time
USD to MAD — Overview
The USD to MAD exchange rate is important for tourists visiting Morocco, Moroccan diaspora in the US, and businesses trading with the Kingdom of Morocco. The Moroccan Dirham is a partially convertible currency managed by Bank Al-Maghrib.
History & Background
The Moroccan Dirham was introduced in 1960, replacing the Moroccan Franc. Morocco has been gradually liberalizing its exchange rate policy, moving from a fixed peg to a managed float system since 2018, allowing the Dirham to fluctuate within a band.
Key Factors Affecting USD/MAD
USD/MAD is influenced by Bank Al-Maghrib policy, Morocco's tourism revenues, phosphate exports, remittances from Moroccans abroad, and the EUR/USD rate (as Morocco's currency is partly pegged to the Euro).
Tips for Exchanging USD to MAD
Morocco has good banking infrastructure in major cities. ATMs generally offer competitive rates. Avoid exchanging money with unofficial street money changers.