Moroccan Dirham

The Moroccan Dirham decreased to 8.15 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
8.15 8.16 9.32 6.00 8.15 | 2014/05 2003 - 2014 Daily

TO

Moroccan Dirham
LIST BY COUNTRY

Markets Last Previous Highest Lowest Forecast Unit
Currency 8.15 2014-04-24 8.16 9.32 6.00 8.15 2014-05-31 [+]
Stock Market 9517.84 2014-04-23 9519.21 13397.47 8356.40 9623.29 2014-05-31 Index points [+]
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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 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.
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 Changes in Inventories at 32697.00 MAD Million  
Changes in Inventories in Morocco decreased to 32697 MAD Million in 2012 from 42168 MAD Million in 2011. Changes in Inventories in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Consumer Confidence at 74.20  
Consumer Confidence in Morocco decreased to 74.20 in the fourth quarter of 2013 from 75.40 in the third quarter of 2013. Consumer Confidence in Morocco is reported by the Haut-Commissariat Au Plan.
Morocco Consumer Price Index (CPI) at 112.70 Index Points  
Consumer Price Index (CPI) in Morocco decreased to 112.70 Index Points in March of 2014 from 113 Index Points in February of 2014. Consumer Price Index (CPI) in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Consumer Spending at 494499.00 MAD Million  
Consumer Spending in Morocco increased to 494499 MAD Million in 2012 from 472938 MAD Million in 2011. Consumer Spending in Morocco is reported by the Haut-commissariat Au Plan.
Morocco Employed Persons at 10625.00 Thousand  
The number of employed persons in Morocco decreased to 10625 Thousand in the fourth quarter of 2013 from 10687 Thousand in the third quarter of 2013. Employed Persons in Morocco is reported by the Haut-commissariat Au Plan.
Morocco GDP Constant Prices at 223775.00 MAD Million  
GDP Constant Prices in Morocco increased to 223775 MAD Million in the fourth quarter of 2013 from 217249 MAD Million in the third quarter of 2013. GDP Constant Prices 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.
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