USD to MAD Exchange Rate History — Morocco
Over the past 90 days, the USD to Moroccan Dirham parallel (black market) rate moved from about 10 MAD on Jun 5, 2026 to 9.59 MAD on Jun 6, 2026 — a change of -4.1%. Across that window the Moroccan Dirham strengthened against the dollar, trading between a low of 9.58 and a high of 10 MAD, averaging 9.62 MAD per US dollar.
The dirham is managed against a euro-dollar basket, so Morocco's informal market is modest and driven mainly by tourism and travel needs.
How to read the MAD rate history
The chart plots the parallel buy rate — how many MAD it took to buy one US dollar — at each point we recorded. The daily table below lists the closing buy and sell rate for each day, while the monthly table summarises the average, high and low for each month, which is useful for comparing one period with another.
A rising line means the Moroccan Dirham is losing value (more MAD per dollar); a falling line means it is gaining. Over this window the spread between the high (10) and the low (9.58) shows how volatile the market has been — here, roughly 0.5% around the average.
What has moved the Moroccan Dirham recently?
In Morocco, the parallel rate is driven by factors such as a managed dirham basket peg, tourism and remittance flows, import demand. When dollars become scarcer or confidence falls, the street rate climbs ahead of the official Bank Al-Maghrib rate; when supply improves or policy tightens, the gap can narrow again.
Because the parallel rate often moves before official devaluations, its history is a useful early-warning record — a steadily rising trend frequently precedes an official adjustment, while a long plateau suggests relative stability.
Using historical MAD rates
Historical rates help with budgeting, invoicing, remittance planning and spotting trends, but they are not a forecast — past movements do not guarantee future ones. For the live rate, see our main USD to MAD page, and use the converter for exact amounts.
All figures are aggregated from P2P platforms, community reports and market monitoring, then refreshed hourly. They are provided for information and price-transparency only and are not financial advice.