Exchange rates and conversions
Moroccan Dirham (MAD)
The Moroccan dirham (MAD) is the currency of Morocco, issued by Bank Al-Maghrib. It is not fully floating: its value is managed against a basket made up of the euro and the US dollar, with the euro carrying the larger weight.
Updated Sep 20, 2026, 12:02 AM
Common MAD amounts
Updated Sep 20, 2026, 12:02 AM
MAD against the major currencies
| Currency | 1 MAD = | 1 unit in MAD |
|---|---|---|
| USDUS Dollar | 0.10530 | 9.4966 |
| EUREuro | 0.09175 | 10.8995 |
| GBPBritish Pound | 0.07876 | 12.6970 |
| JPYJapanese Yen | 16.5471 | 0.06043 |
| CHFSwiss Franc | 0.08671 | 11.5330 |
| CADCanadian Dollar | 0.14733 | 6.7875 |
| AUDAustralian Dollar | 0.14794 | 6.7595 |
| CNYChinese Yuan | 0.70745 | 1.4135 |
| INRIndian Rupee | 10.1026 | 0.09898 |
| XOFWest African CFA Franc | 60.1689 | 0.01662 |
| XAFCentral African CFA Franc | 60.1689 | 0.01662 |
| NGNNigerian Naira | 140.650 | 0.007110 |
| ZARSouth African Rand | 1.7130 | 0.58379 |
| BRLBrazilian Real | 0.54063 | 1.8497 |
| MXNMexican Peso | 1.8125 | 0.55173 |
| RUBRussian Ruble | 8.8797 | 0.11262 |
| TRYTurkish Lira | 5.1391 | 0.19459 |
| AEDUAE Dirham | 0.38672 | 2.5859 |
| SARSaudi Riyal | 0.39488 | 2.5324 |
| SEKSwedish Krona | 1.0357 | 0.96554 |
| NOKNorwegian Krone | 0.99198 | 1.0081 |
| PLNPolish Zloty | 0.40036 | 2.4977 |
| KRWSouth Korean Won | 146.025 | 0.006848 |
| SGDSingapore Dollar | 0.13443 | 7.4388 |
The figure shown is the mid-market rate: the midpoint between the buy and sell price, updated hourly. It is the rate before any margin is added, so a bank or a bureau de change will quote you a lower one.
About the Moroccan Dirham
The dirham replaced the Moroccan franc in 1960. Its name comes from the Greek drachma by way of the Arabic dirham, a unit of account used across the region for centuries. One dirham divides into 100 santimat, and prices are commonly written with DH after the amount.
Bank Al-Maghrib holds the dirham against a basket weighted 60 percent euro and 40 percent US dollar, a composition set in 2015, and since 2018 the band it is allowed to move within has been widened in stages. The dirham is also a restricted currency, not traded on international markets, so travellers normally change money on arrival rather than before leaving, and keep their exchange receipts for the conversion back.
The dirham is the sole legal tender in Morocco, and it also circulates in Western Sahara.
MAD at a glance
- Symbol
- DH (د.م.)
- Subunit
- 1 dirham = 100 santimat
- Central bank
- Bank Al-Maghrib, based in Rabat
- Introduced
- 1960
- ISO 4217 code
- MAD
Most-viewed conversions from MAD
- MAD → USD1 MAD = 0.10530 USD
- MAD → EUR1 MAD = 0.09175 EUR
- MAD → GBP1 MAD = 0.07876 GBP
- MAD → JPY1 MAD = 16.5471 JPY
- MAD → CHF1 MAD = 0.08671 CHF
- MAD → CAD1 MAD = 0.14733 CAD
- MAD → AUD1 MAD = 0.14794 AUD
- MAD → CNY1 MAD = 0.70745 CNY
- MAD → INR1 MAD = 10.1026 INR
- MAD → XOF1 MAD = 60.1689 XOF
- MAD → XAF1 MAD = 60.1689 XAF
- MAD → NGN1 MAD = 140.650 NGN
Conversions into MAD
FAQ
What is the currency of Morocco?
Morocco uses the dirham, ISO code MAD, issued by Bank Al-Maghrib. It divides into 100 santimat and is written DH after the amount, as in 250 DH.
Is the Moroccan dirham pegged to the euro?
Not to the euro alone. The dirham is managed against a basket weighted 60 percent euro and 40 percent dollar, so it tracks the euro closely without being fixed to it. Its rate can move a little from week to week, unlike a currency with a true fixed parity such as the CFA franc.
Can I buy dirhams before travelling to Morocco?
In most countries, no. The dirham is a restricted currency that is not traded internationally, so exchange offices abroad rarely hold it. Change money on arrival at a bank or a licensed bureau, and keep the receipts if you want to convert leftover dirhams back when you leave.
Follow the MAD from your phone
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