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Moroccan dirham (MAD) exchange rate today — official vs market

Morocco · Moroccan dirham (MAD). Official rate as of 28 Sep 2026 · Market data fetched 28 Sep 2026, 23:30 UTC. All rates = units of local currency per 1 US dollar.

Official (per $1)9.5978reference · BKAM reference (open.er-api.com)
Market (per $1)10.15parallel · Bybit P2P
Premium vs official+5.75%Market vs official (positive = market weaker)
Coveragelive
Central bank policy rate2.25%Taux directeur · Bank Al-Maghrib · effective 2026-06-23 · source

Premium history

-0.73%0.00%3.0%6.8%Aug 30Sep 13Sep 282026-08-30: +6.05%2026-08-31: +5.71%2026-09-01: +5.46%2026-09-02: +5.12%2026-09-03: +4.93%2026-09-04: +4.31%2026-09-05: +4.51%2026-09-06: +0.19%2026-09-07: +5.42%2026-09-08: +4.72%2026-09-09: +4.61%2026-09-10: +4.70%2026-09-11: +5.43%2026-09-12: +4.78%2026-09-13: +4.86%2026-09-14: +5.07%2026-09-15: +5.31%2026-09-16: +4.97%2026-09-17: +4.66%2026-09-18: +4.85%2026-09-19: +4.59%2026-09-20: +4.98%2026-09-21: +4.43%2026-09-22: +3.87%2026-09-23: +4.22%2026-09-24: +3.88%2026-09-25: +4.40%2026-09-26: +4.67%2026-09-27: +4.66%2026-09-28: +5.75%

30 observed days · Aug 30 – Sep 28 · no interpolation

  • 7-day change+1.32 pp
  • Min / max (observed range)0.19% / 6.0%
  • Volatility (std dev of daily premium)1.00%
  • Continent rank14th widest of 54

Context

The Moroccan dirham currently trades at a premium of +5.75% — the 14th widest gap of the 54 African currencies we track. That places it in the friction band (2–10%), where spreads often reflect liquidity, fees, or access costs rather than acute scarcity.

Related coverage

← All 54 currenciesCentral bank policy ratesHow we measure