The USD/MAD exchange rate fell to 8.9713 on July 1, 2025, down 0.24% from the previous session. Over the past month, the Moroccan Dirham has strengthened 2.34%, and is up by 10.01% over the last 12 months. Moroccan Dirham - values, historical data, forecasts and news - updated on July of 2025.

Key information about Morocco Exchange Rate against USD

• Morocco Exchange Rate against USD averaged 10.112 (USD/MAD) in May 2023, compared with 10.147 USD/MAD in the previous month.
• Morocco Exchange Rate against USD data is updated monthly, available from Jan 1957 to May 2023.
• The data reached an all-time high of 11.881 in Jun 2001 and a record low of 3.500 in Oct 1957.

CEIC extends history for monthly average Exchange Rate against USD. Bank Al Maghrib provides average Exchange Rate against USD. Exchange Rate against USD prior to January 2018 is sourced from the International Monetary Fund.


Key information about Morocco Exchange Rate against USD

• In the latest reports, Morocco Short Term Interest Rate: Month End: Interbank Rate was reported at 3.006 % pa in May 2023.
• Its Long Term Interest Rate (Treasury Bonds Rate: Weighted Average: 10 Years) was reported at 4.200 % pa in Jan 2023.
• The cash rate (Policy Rate: Month End: Calls for Tenders Rate: Advances: 7 Days) was set at 3.000 % pa in May 2023.

Prices for EURMAD Euro Moroccan Dirham including live quotes, historical charts and news. EURMAD Euro Moroccan Dirham was last updated by Trading Economics this June 29 of 2025.

Prices for AEDMAD UAE Dirham Moroccan Dirham including live quotes, historical charts and news. AEDMAD UAE Dirham Moroccan Dirham was last updated by Trading Economics this June 27 of 2025.

Prices for MADUSD Moroccan Dirham US Dollar including live quotes, historical charts and news. MADUSD Moroccan Dirham US Dollar was last updated by Trading Economics this June 29 of 2025.

Money Supply M2 in Morocco increased to 1612744 MAD Million in May from 1593199 MAD Million in April of 2025. This dataset provides - Morocco Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Morocco Foreign Exchange Reserves

• Morocco Foreign Exchange Reserves was measured at 33.0 USD bn in Feb 2025, compared with 32.6 USD bn in the previous month
• Morocco Foreign Exchange Reserves: USD mn data is updated monthly, available from Dec 2001 to Feb 2025
• The data reached an all-time high of 35.3 USD bn in Jul 2021 and a record low of 7.9 USD bn in Jan 2002

CEIC converts monthly Foreign Exchange Reserves into USD. Bank Al-Maghrib provides Foreign Currency Reserves in local currency. Bank Al-Maghrib period end market exchange rate is used for currency conversions.


Further information about Morocco Foreign Exchange Reserves

• In the latest reports, Morocco Foreign Exchange Reserves equaled 5.5 Months of Import in Jan 2025.
• Its Money Supply M2 increased 156.7 USD bn YoY in Jan 2025.
• Morocco Domestic Credit reached 174.8 USD bn in Jan 2025, representing an increased of 7.3 % YoY.
• The country's Non Performing Loans Ratio stood at 8.6 % in Jan 2025, compared with the ratio of 8.3 % in the previous month.
• Household Debt of Morocco reached 23.5 % in Dec 2023, accounting for 23.5 % of the country's Nominal GDP.

Key information about Morocco Policy Rate

• Morocco cash rate (Policy Rate: Month End: Calls for Tenders Rate: Advances: 7 Days) was set at 2.50 % pa in Feb 2025, compared with 2.50 % pa in the previous Jan 2025.
• Morocco Policy Rate averaged 3.25 % pa and is updated monthly, available from Jun 1995 to Feb 2025.
• The data reached an all-time high of 7.00 % pa in Oct 1996 and a record low of 1.50 % pa in Aug 2022.

Related information about Morocco Policy Rate

• In the latest reports, Morocco Short Term Interest Rate: Month End: Interbank Rate was reported at 2.50 % pa in Feb 2025.
• Its Long Term Interest Rate (Treasury Bonds Rate: Weighted Average: 10 Years) was reported at 3.20 % pa in Jan 2025.
• Morocco Exchange Rate against USD averaged 10.06 (USD/MAD) in Jun 2023.
• Its Real Effective Exchange Rate was 100.17 in Jan 2025.

Inflation Rate in Morocco decreased to 0.40 percent in May from 0.70 percent in April of 2025. This dataset provides - Morocco Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of 2019, tourism consumed internally in Morocco reached an approximate value of 138.3 billion Moroccan dirhams (MAD), roughly 15.5 billion U.S. dollars. This was an increase from the previous year when around 130.8 MAD (roughly 14.6 billion U.S. dollars) of tourism consumption was registered. Overall, the international tourism receipts per capita in Morocco were forecast at 113.99 U.S. dollars in 2021.

In 2024, the average inflation rate in Morocco amounted to about 0.94 percent. Between 1980 and 2024, the figure dropped by approximately 8.47 percentage points, though the decline followed an uneven course rather than a steady trajectory. From 2024 to 2030, the inflation will rise by around 1.07 percentage points, showing an overall upward trend with periodic ups and downs.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

The gross domestic product (GDP) in current prices in Morocco was estimated at about 155.35 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 131.54 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 69.16 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

The benchmark interest rate in Morocco was last recorded at 2.25 percent. This dataset provides the latest reported value for - Morocco Interest Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Foreign Exchange Reserves in Morocco increased to 401891 MAD Million in May from 387012 MAD Million in April of 2025. This dataset provides - Morocco Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.