The Moroccan dirham is the official currency of Morocco. The ISO currency code is MAD and identified by the symbol DH. It is subdivided into 100 santim. The dirham is issued by the Bank Al-Maghrib, the central bank of Morocco.
Exchange rates are published daily. These rates are provided for indicative purposes only.
The foreign exchange reference rates are published by the European Central Bank.
Currency Name: Moroccan dirham
Local Name: درهم مغربي (Arabic))
User(s): Morocco, Western Sahara
Currency Symbol/Sign: DH or د.م.
ISO code: MAD
Central bank: Bank Al-Maghrib
Sub-Unit: 1 dirham = 100 santim
Banknotes: 20, 50, 100 and 200 dirham
Coins: 5, 10 & 20 santimat, ½, 1, 2, 5 and 10 dirham
Black Market for Currency:Yes
Central Bank Rate
The current central bank interest rate is 3.00%
Exchange rates today: Tuesday 18th of February 2020
|1 MAD||=||0.0952 €|
|10.506 MAD||=||1 €|
|20 MAD||=||1.9037 €|
|50 MAD||=||4.7592 €|
|100 MAD||=||9.5184 €|
|500 MAD||=||47.5919 €|
|1000 MAD||=||95.1837 €|
The rates are set on the basis of the regular daily concertation procedure between national central banks, which normally takes place at 2.15 p.m. CET. The exchange rates are for reference only and are published daily when TARGET system is open.
Exchange rates currencies are quoted against 1 Moroccan dirham : February 18, 2020