Converting US Dollars (USD) to Moroccan Dirhams (MAD) is a common requirement for travelers, businesses, and individuals sending money to Morocco. This article provides a detailed overview of the conversion, factors influencing the exchange rate, and options for sending money.
As of 09:00 AM UTC, $400.00 (four hundred US dollars) is currently worth د.م.3,720.80 (three thousand seven hundred twenty Moroccan Dirhams 80 centimes). To show you the most accurate result, we use the international exchange rate. We use mid-market exchange rates to convert USD to MAD. The current exchange rate is 9.3020.
Feel free to try converting the currency rate in reverse from Moroccan Dirhams to US Dollars.
Historical Exchange Rate Data
Understanding the historical exchange rate between USD and MAD can provide valuable insights. Here's a look at the exchange rate statistics over the last 7, 30, and 90 days:
Compared to the previous closing exchange rate, the Moroccan Dirham 🔻decreased by -0.11% (-4.14) against the US Dollar. Good Time The table provides factual data and analysis of currency fluctuations.
Read also: GBP/MAD conversion
On this day last year, $400.00 would have been exchanged for د.م.3,954.15, د.م.233.35 higher than today’s rate. The most favorable exchange rate over the past seven days was د.م.3,725.47. We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money.
USD to MAD Exchange-Rate Statistics
1 USD to MAD exchange-rate stats: high, low, average, and volatility over the last 7, 30, and 90 days.
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 9.3127 | 9.3127 | 9.3127 |
| Low | 9.2161 | 9.1053 | 8.9619 |
| Average | 9.2774 | 9.2034 | 9.0937 |
| Volatility | 0.18% | 0.22% | 0.22% |
In the past 30 days, the USD to MAD exchange rate reached a high of 9.3137 and a low of 9.1159, with an average rate of 9.2096. Over the last 90 days, the USD to MAD exchange rate peaked at 9.3137 and dipped to a low of 8.9625, averaging 9.0983.
Factors Influencing the Exchange Rate
Several factors can influence the USD to MAD exchange rate, including:
- Economic Indicators: Economic growth, inflation rates, and employment data in both the United States and Morocco.
- Political Stability: Political events and stability in both countries.
- Interest Rates: Interest rate policies set by the central banks of the United States (Federal Reserve) and Morocco (Bank Al-Maghrib).
- Market Sentiment: Investor confidence and speculation in the currency markets.
Sending Money to Morocco
You can send money to Morocco in a way that’s convenient for you: online, with our app, or in person at an agent location. Transfer USD to MAD online using your bank account, credit/debit card2 or cash in-store.1Fee reductions apply only to the Western Union® transfer fee for a single Western Union Money Transfer® or Quick Collect® transaction. Excludes all other services, including without limitation, online bill payments, and money transfers via social/chat applications. Points used will not be reversible and if amount of transfer fee is less than redeemed discount, no cash, credit or refund will be provided.2If you’re using a credit card, a card-issuer cash advance fee and associated interest charges may apply.
Read also: Real-Time Exchange Rate: 40 MAD to USD
Here are some options for sending money from the United States of America to over 200 countries and territories:
- Online Transfers: Platforms like Western Union offer online money transfers to Morocco.
- Mobile Apps: Use mobile apps for quick and convenient transfers.
- Agent Locations: Visit a Western Union agent location to send money in person.
Our encryption and fraud prevention efforts help protect your Western Union® money transfers. Track your money transfer in real time. Quickly repeat transfers to family and friendsIt’s easy to sign up and start sending money reliably.
Important Considerations:Exchange Rates and Fees shown are estimates, vary by a number of factors including payment and payout methods, and are subject to change.
Currency Information
USD - US Dollar
Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. The currency code for US Dollars is USD. The currency symbol is $. The United States dollar, symbolized by $, is the official currency of the United States and the world’s primary reserve currency.
As the most traded currency globally, it plays a central role in international trade and finance, serving as a preferred medium for global reserves held by governments and institutions. This status as a reserve currency means that many countries hold USD as part of their foreign exchange reserves, which enhances its stability and liquidity. The USD is known for its stability, liquidity, and widespread use in global transactions.
Read also: Historical CHF to MAD Trends
MAD - Moroccan Dirham
Our currency rankings show that the most popular Moroccan Dirham exchange rate is the MAD to USD rate. The currency code for Moroccan Dirhams is MAD. The currency symbol is MAD. The Moroccan Dirham is the official currency of Morocco.
Transfer Money to Morocco - The Cheapest Way to Send Money from the USA to Morocco
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