Moroccan Dirham

The Moroccan Dirham decreased to 8.13 in April from 8.16 in March of 2014. Moroccan Dirham averaged 8.32 from 2003 until 2014, reaching an all time high of 9.32 in November of 2005 and a record low of 6 in November of 2010. The USDMAD spot exchange rate specifies how much one currency, the USD, is currently worth in terms of the other, the MAD. While the USDMAD spot exchange rate is quoted and exchanged in the same day, the USDMAD forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Moroccan Dirham - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.13 8.16 9.32 6.00 8.07 | 2014/05 2003 - 2014 Daily

TO

Moroccan Dirham
LIST BY COUNTRY

Markets Last Previous Highest Lowest Forecast Unit
Currency 8.13 2014-04-15 8.16 9.32 6.00 8.07 2014-05-31 [+]
Stock Market 9575.39 2014-04-14 9519.21 13397.47 8356.40 9658.52 2014-05-31 Index points [+]
[+]


Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Morocco Imports at 29948.00 MAD Million  
Imports in Morocco decreased to 29948 MAD Million in February of 2014 from 30410 MAD Million in January of 2014. Imports in Morocco is reported by the Office des Changes.
Morocco Current Account at -10082.40 MAD Million  
Morocco recorded a Current Account deficit of 10082.40 MAD Million in the fourth quarter of 2013. Current Account in Morocco is reported by the Bank al- Maghrib.
Morocco GDP Growth Rate at 2.50 Percent  
The Gross Domestic Product (GDP) in Morocco expanded 2.5 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Growth Rate in Morocco is reported by the Haut Commissariat au Plan.
Morocco GDP Annual Growth Rate at 2.50 Percent  
The Gross Domestic Product (GDP) in Morocco expanded 2.50 percent in the first quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Morocco is reported by the Haut Commissariat au Plan.
Morocco Government Spending at 159118.00 MAD Million  
Government Spending in Morocco increased to 159118 MAD Million in 2012 from 146332 MAD Million in 2011. Government Spending in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Gross Fixed Capital Formation at 259680.00 MAD Million  
Gross Fixed Capital Formation in Morocco increased to 259680 MAD Million in 2012 from 246394 MAD Million in 2011. Gross Fixed Capital Formation in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Producer Prices at 110.00 Index Points  
Producer Prices in Morocco decreased to 110 Index Points in February of 2014 from 110.40 Index Points in January of 2014. Producer Prices in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Tourist Arrivals at 9375156.00  
Tourist Arrivals in Morocco increased to 9375156 in 2012 from 9342133 in 2011. Tourist Arrivals in Morocco is reported by the Ministry of Tourism, Morocco.
Morocco Unemployed Persons at 1116.00 Thousand  
The number of unemployed persons in Morocco increased to 1116 Thousand in the fourth quarter of 2013 from 1009 Thousand in the third quarter of 2013. Unemployed Persons in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Balance of Trade at -15258.00 MAD Million  
Morocco recorded a trade deficit of 15258 MAD Million in February of 2014. Balance of Trade in Morocco is reported by the Office des Changes.
MORE RELATED NEWS

LATEST NEWS

Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
Russia GDP Growth Slows Sharply in Q1  
Russian economy advanced an annual 0.8 percent in the first quarter of 2014, well below the 2 percent expansion recorded in the previous three-month period, Russia's Economy Minister Alexei Ulyukayev said addressing the parliament.
Bank of Canada Leaves Rates at 1%  
At its April 16th, 2014 meeting, Bank of Canada decided to leave the overnight lending at 1 percent, as the Bank continues to see a gradual strengthening in the fundamental drivers of growth and inflation.
US Industrial Production Slows in March  
Industrial production increased 0.7 percent in March after having advanced 1.2 percent in February. Yet, manufacturing output rose for the second straight month.
US Housing Starts Rise Below Forecasts  
Privately-owned housing starts in March were at a seasonally adjusted annual rate of 946,000. This is 2.8 percent above the revised February estimate of 920,000, but down 5.9 percent year-on-year.
China’s Economy Expands 1.4% QoQ in Q1  
In the first three months of 2014, the Chinese GDP slowed for the third straight quarter. The economy expanded 1.4 percent quarter-on-quarter, down from a revised 1.7 percent increase in the last three months of 2013.
Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Italian Trade Surplus Widens in February  
The trade surplus increased to EUR 2.6 billion in February of 2014, from a revised EUR 0.36 billion in the previous month, as exports increased at a faster pace than imports. Compared with a year earlier, the trade surplus more than doubled from EUR 1.05 billion.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News