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Moroccan dirham shows mixed performance as central bank boosts financial system

The Moroccan dirham demonstrated varied performance in foreign exchange markets during January 16-22, appreciating 0.6% against the US dollar while declining 0.5% against the euro, according to Bank Al-Maghrib (BAM). During this period, BAM reported no currency auction operations in the foreign exchange......

Morocco's Currency Market: Dirham Shows Mixed Performance as Foreign Reserves Grow

The Moroccan Dirham demonstrated varied performance in foreign exchange markets during the week of December 19-24, recording a 0.7% depreciation against the US dollar while strengthening by 0.29% against the euro, according to the latest Bank Al-Maghrib (BAM) report. The nation's financial position......

Dollar-Dirham Exchange Rate Declines 0.57% Amid Euro Gains and Global Turmoil

The dollar-dirham exchange rate depreciated by 0.57% during the week of November 25 to 29, falling from 10.06 to 10. This marks a significant drop after the pair remained above the 10 dirham threshold earlier in the week, according to a report from Attijari Global Research (AGR). The decline was primarily......

Moroccan Dirham Holds Steady Against Euro, Dips Against US Dollar

The MASI Index Drops by 1.8%, Reflecting Market Volatility The Moroccan dirham maintained its stability against the euro but experienced a 1.17% depreciation against the US dollar between September 26 and October 2. This fluctuation underscores the ongoing dynamics in the global currency market and......

Dirham Declines Against Euro's Strength

The dirham, Morocco's official currency, has experienced a noticeable decline against the euro, drawing the attention of financial analysts and market watchers. According to a recent report from Morocco's central bank, the dirham's exchange rate fell by 0.46 percent against the euro from......