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Moroccan Dirham

Moroccan Dirham Rates

For a live quote on the Moroccan Dirham, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.


Latest Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.

Recent Trading Range

In 2011, the Moroccan Dirham traded between 12.5172 and 13.2431 against the Pound.

Latest Dirham Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Morocco, including timescales and information needed to make your transfer.

Overview - MAD

The Moroccan Dirham is the currency used in Morocco and its ISO code is MAD. The central bank of Morocco is the Bank Al-Maghrib which has the power of all financial sectors from publishing banknotes to dealing domestic and foreign trading.


The Dirham was originally introduced in 1882 but in 1921 Morocco became a French protectorate and it switched to the Moroccan Franc. The Dirham was reintroduced in 1960 and is a fully convertible currency. However the export of local currency is illegal, though rarely controlled.