The Moroccan Dirham (MAD) is the official currency of Morocco, symbolizing the nation’s economic identity. Introduced in 1882, the Dirham is subdivided into 100 centimes. The currency is issued by Bank Al-Maghrib, Morocco's central bank, and features various designs that reflect the country’s rich culture and heritage. The Dirham is used widely across Morocco for everyday transactions, from local markets to major businesses. It is also exchangeable with foreign currencies, making it an important part of trade and tourism. The stability of the Dirham has contributed to Morocco's growing economy and its status as a regional financial hub.
The US dollar (USD) is the official currency of the United States and serves as a global benchmark for international trade and finance. Introduced in 1792, it is one of the world's most widely used currencies, functioning as the primary reserve currency held by central banks and financial institutions. The dollar is subdivided into 100 smaller units called cents. Its symbol, "$," is recognized internationally. The US dollar's strength is bolstered by the country's large economy, political stability, and the extensive use of the dollar in global transactions, making it a cornerstone of the world financial system.
Live Exchange Rates
Explore live MAD/USD and USD/MAD exchange rates, along with historical charts.
MAD/USD
The current MAD/USD exchange rate is $ 0.1082 after an increase compared to the previous close at $ 0.1081. Today, MAD/USD opened at $ 0.1081.
- Current Rate: $ 0.1082 (0.14%)
- Previous Close: $ 0.1081
- Open: $ 0.1081
USD/MAD
The current USD/MAD exchange rate is MAD 9.25 after a -0.09% decrease compared to the previous close at MAD 9.25. Today, USD/MAD opened at MAD 9.25.
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- Current Rate: MAD 9.25 (-0.09%)
- Previous Close: MAD 9.25
- Open: MAD 9.25
Why Different Currencies Have Different Values?
Historical Performance
Analyzing past performance can provide insights into potential future trends.
MAD/USD Quarterly Returns
The top-performing year for MAD/USD was 2020 when the price of the currency pair increased by 14.47%, from $ 0.1010 to $ 0.1156. The worst-performing year for MAD/USD was 2022 when the price increased by -13.92%, from $ 0.1081 to $ 0.09308. Usually, MAD/USD performs best in Q2 with an average gain 2.95%, and worst in Q1 -2.00% with loss.
USD/MAD Quarterly Returns
The top-performing year for USD/MAD was 2022 when the price of the currency pair increased by 16.17%, from MAD 9.25 to MAD 10.74. The worst-performing year for USD/MAD was 2020 when the price increased by -12.64%, from MAD 9.90 to MAD 8.65. Usually, USD/MAD performs best in Q1 with an average gain 2.32%, and worst in Q2 -2.82% with loss.
Currency Exchange Rate Factors
Currency exchange rates fluctuate mainly due to a combination of factors, including global economic activity, market sentiment, interest rate changes, inflation, trade imbalances, and central bank monetary policies. For example, when a country has a strong economy and rising interest rates, it may attract more foreign capital, pushing up the value of its currency. Conversely, political instability or economic slowdown may lead to currency depreciation. Changes in market expectations and speculative activities can also intensify short-term exchange rate fluctuations.
AI-Driven Forecast
Currently, the CoinCodex price prediction algorithm is forecasting the MAD/USD to be $ 0.1083 24 hours from now. This would represent a 0.12% increase compared to the current MAD/USD exchange rate.
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Currently, the CoinCodex price prediction algorithm is forecasting the USD/MAD to be MAD 9.22 24 hours from now. This would represent a -0.33% decrease compared to the current USD/MAD exchange rate.
The AI’s prediction of the US dollar to Moroccan dirham exchange rate is not 100% accurate, but it is based on multiple dimensions of analysis, including historical data, real-time market trends, economic indicators, and geopolitical factors, making it more comprehensive than relying solely on human judgment. Our AI model can process massive amounts of data quickly and continuously update USD to MAD predictions, providing you with real-time trend references. However, since the foreign exchange market can be affected by unexpected events and policy changes, it is recommended to use AI predictions as a supplementary reference in combination with your financial planning and real-time market information to improve the scientific basis and success rate of your exchange decisions.
Using a Currency Converter
To exchange one currency for another, simply input your amount into our user-friendly currency converter. It does the math using the latest exchange rates. For example, if 1 US dollar could be exchanged for 2 euros, that's the rate it'll use to convert your dollars to euros and vise versa.
Users simply enter the amount (e.g., 1) into the online currency converter, then select the source currency (USD) and target currency (MAD) from the dropdown menus. No need to click anything else - the system will automatically calculate and display the real-time exchange rate result for 1US dollar to Moroccan dirham. It also provides AI-based analysis, historical rate trends, and exchange rate comparisons from different data sources to help users better understand the conversion and make informed decisions.
After you select USD and MAD in the exchange box and enter an amount, the US dollar to Moroccan dirham exchange rate will automatically appear for your reference. With our convenient tool, you can not only quickly check today’s latest exchange rate for 1 US dollar to Moroccan dirham, but also easily view detailed historical trends along with AI analysis and forecasts. By keeping track of both real-time and past exchange rate information, you can plan the timing of your international payments, lock in favorable conversion opportunities, and secure the best 1 US dollar to Moroccan dirham rate. This helps you reduce cross-border remittance costs, optimize cash flow and usage efficiency, and make every international transaction more secure, transparent, and efficient.
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Making Cross-Border Payments
You can make convenient cross-border payments via international wire transfer. Currently, you can also make cross-border payments through XTransfer, where we offer more convenient and secure international cross-border payment services, especially when transferring funds to companies in China.
XTransfer is absolutely secure. Your funds are protected by our top-level security measures to ensure every transaction is safeguarded.
FAQ
What was the highest MAD to USD rate?
The highest MAD to USD rate on record was $ 11.46, which was reached on Sep 27, 2022. The current MAD/USD rate is lower than the all-time high rate.
What was the highest USD to MAD rate?
The highest USD to MAD rate on record was MAD 0.1171, which was reached on May 21, 2021. The current USD/MAD rate is 7,796.96% lower than the all-time high rate.
What is the range of MAD to USD today?
What is the range of USD to MAD today?
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