EUR to MAD Exchange Rate Today
Convert Euros to Moroccan Dirhams with live exchange rates updated every 30 minutes. Essential for European travelers and businesses dealing with Morocco. Get real-time EUR/MAD rates from OpenExchangeRates.
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Frequently Asked Questions
What is the Euro to Moroccan Dirham exchange rate?
The EUR/MAD exchange rate reflects the value between European and Moroccan economies. Typically, €1 EUR equals 10-11 MAD. Morocco has strong trade ties with the EU, especially France and Spain, which influences the EUR/MAD rate. Check our live converter above for today's current exchange rate.
Can I use Euros in Morocco?
Euros are occasionally accepted in Moroccan tourist areas near Spanish enclaves (Ceuta, Melilla) and some hotels, but at unfavorable rates. Morocco's official currency is the Dirham. European travelers should convert EUR to MAD at banks, ATMs, or exchange offices for better rates and wider acceptance throughout Morocco.
How to transfer money from Europe to Morocco?
To send EUR to MAD, use international transfer services like Wise, Western Union, or MoneyGram. Traditional EU banks offer SWIFT transfers but with higher fees. Many Moroccans in Europe use remittance services for family transfers. Compare EUR/MAD rates and fees - specialized services often beat bank rates by 2-3%.
Why does EUR to MAD rate fluctuate?
EUR/MAD movements depend on Eurozone economic health, Morocco's export performance (especially to EU), phosphate and agricultural prices, tourism flows from Europe to Morocco, Bank Al-Maghrib policy, and European Central Bank decisions. The dirham is managed against a currency basket that includes the Euro.
Is Morocco cheap for European visitors?
Morocco is generally affordable for Europeans. With EUR being strong against MAD, travelers from France, Spain, Germany, and other EU countries find good value. Accommodation ranges from €15-100/night, meals €3-15, transport is inexpensive. Your Euros stretch further in Morocco than in most European destinations.