Moroccan Dirham sepreciates 0.6% against Dollar and Euro
Rabat, October 18, 2025 — The Moroccan dirham depreciated by 0.6% against both the U.S. dollar and the euro during the week of October 9–15, 2025, according to Bank Al-Maghrib (BAM).
No foreign exchange auctions were conducted over this period, BAM reported in its latest weekly indicators bulletin.
Official reserve assets reached MAD 420.5 billion as of October 10, up 0.3% week-on-week and 16.3% year-on-year, the central bank noted.
Central Bank Interventions and Interbank Market
During the week, the average daily interventions of BAM totaled MAD 133.1 billion, distributed as follows: 7-day advances (MAD 56 billion), long-term repos (MAD 43.5 billion), guaranteed loans (MAD 33.4 billion), and 24-hour advances (MAD 170 million).
On the interbank market, the average daily trading volume was MAD 4.5 billion, while the interbank rate remained stable at 2.25%.
In the auction held on October 15 (value date October 16), BAM injected MAD 75.9 billion in 7-day advances.
Stock Market Performance
On the stock market, the MASI index declined 3.5% during the week, bringing its year-to-date performance to 23.2%. Most sectors experienced losses:
- Banks: -4.4%
- Construction and building materials: -2.7%
- Healthcare: -7.9%
- Transportation services: -3.4%
- Real estate development: -6.2%
- Telecommunications: -2.6%
Weekly trading volume totaled MAD 1.7 billion, down from MAD 2.7 billion the previous week, mainly on the central equities market.
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