TRY to MAD Exchange Rate Today
Turkish Lira to Moroccan Dirham conversion for trade and travelers. Our TRY/MAD calculator provides 30-minute rate updates for transfers from Istanbul, Ankara, Izmir to Casablanca, Rabat, Tangier across Morocco.
Compare Money Transfer Services
Sending 1,000.00 TRY → MAD
Showing 3 of 10 services that accept sending from TRY
Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
Compare money transfer service fees for the best rates
Frequently Asked Questions
What is today's Turkish Lira to Moroccan Dirham rate?
The TRY to MAD exchange rate typically ranges between 0.28-0.32 MAD per 1 TRY. Both currencies have experienced volatility—Turkey due to inflation and Central Bank policy, Morocco due to tourism and agriculture cycles. This corridor is used by Turkish businesses trading with Morocco, Moroccan students in Turkey, and travelers. Growing trade relations between Turkey and Morocco (textiles, automotive parts, tourism) drive demand for TRY/MAD conversions. Check our live converter for today's exact rate from OpenExchangeRates.
Which is the cheapest way to send money from Turkey to Morocco?
Turkish residents or businesses in Istanbul, Ankara, and Izmir sending to Casablanca, Rabat, or Tangier have several options: Wise (TransferWise) offers competitive TRY to MAD rates with 1-2% margins, Western Union and MoneyGram provide extensive Morocco networks (branches across all cities), Turkish banks like İş Bankası, Garanti BBVA, and Akbank charge higher fees (₺50-150 plus 2-4% margin due to lira volatility), and local exchange offices in Turkey may offer better rates for cash. For business payments, Wise and OFX provide transparent pricing. Compare carefully as TRY volatility affects margins.
Why does TRY to MAD rate fluctuate significantly?
TRY/MAD is highly volatile because both are emerging market currencies. Key factors: Turkish inflation (has exceeded 60% in recent years), Central Bank of Turkey interest rate decisions and independence concerns, Turkish economic policy, Morocco's tourism performance, Bank Al-Maghrib policy, political events in both countries, and USD strength (both currencies are influenced by USD). When Turkish inflation surges or lira weakens, TRY/MAD falls dramatically. When MAD weakens (low tourism, agricultural issues), TRY/MAD may rise. This double volatility creates significant exchange rate swings.
Do Turkish banks give fair TRY to MAD exchange rates?
Turkish banks (İş Bankası, Garanti BBVA, Akbank, Yapı Kredi) typically charge 2-5% margins on TRY to MAD conversions plus ₺50-200 transfer fees, with wider spreads due to lira volatility. Online platforms offer better value: Wise charges 1-2% with transparent fees, Western Union provides clear pricing, and exchange offices in tourist areas (Istanbul, Antalya) may offer competitive cash rates. For a ₺10,000 transfer, using Wise instead of İş Bankası can save you ₺200-600 in total costs. Compare rates carefully as TRY volatility means margins change frequently.
Best time to send Liras to Morocco?
Monitor Central Bank of Turkey policy announcements, Turkish inflation reports (monthly CPI data), political developments affecting lira, Morocco's tourism season, Bank Al-Maghrib decisions, and USD/TRY movements. When TRY strengthens (rare—requires inflation decline or rate hikes) or MAD weakens (low tourism, poor harvests), you get more dirhams per lira. Watch: Turkish election cycles, inflation data releases, central bank independence news, Morocco's tourism statistics, and seasonal agriculture patterns. Given TRY's long-term depreciation trend, immediate transfers may be wiser than waiting for 'better' rates. For businesses, hedging strategies or multi-currency accounts help manage volatility.