| Currency | 05/28/2026 | 06/04/2026 | Change | |
| Zambian Kwacha (ZMW) | 0.0463 € | ⇨ | 0.0491 € | +6.04% |
| Colombian Peso (COP) | 0.0002349 € | ⇨ | 0.0002403 € | +2.34% |
| Mauritanian Ouguiya (MRU) | 0.0215 € | ⇨ | 0.0217 € | +1.27% |
| Nigerian Naira (NGN) | 0.0006 € | ⇨ | 0.0006 € | +1.24% |
| Fijian Dollar (FJD) | 0.3862 € | ⇨ | 0.3907 € | +1.13% |
| South Korean Won (KRW) | 0.0006 € | ⇨ | 0.0006 € | -2.29% |
| Silver (oz) | 2.0949 € | ⇨ | 2.0467 € | -2.5% |
| Belarusian Ruble (BYN) | 0.3128 € | ⇨ | 0.3044 € | -2.7% |
| Russian Ruble (RUB) | 0.0121 € | ⇨ | 0.0117 € | -3.21% |
| Bitcoin (BTC) | 62,985 € | ⇨ | 54,165 € | -13.71% |
| See also the 24h, 30d and 1y changes | ||||
| Currency name | Moroccan Dirham |
| Symbol | DH |
| Also known as | MAD, Moroccan Dirham, 1 MAD = 100 santimat |
| ISO code | MAD |
| Banknotes | 20, 50, 100, 200 MAD |
| Coins | 1, 5, 10, 20, 50 santimat; 1, 2, 5, 10 MAD |
| Central bank | Bank Al-Maghrib - Website: www.bkam.ma |
| Countries | 1 country: Morocco (capital: Rabat, major cities: Casablanca, Rabat, Fez, Marrakesh) |
| Population | 37 mil. |
History
The Moroccan dirham carries a history that weaves together Berber, Arab and French colonial traditions. The name "dirham" derives from the ancient Greek drachma, which was adopted into Arabic as silver dirhams spread across the Islamic world from the 7th century onward. Morocco's own monetary history includes a complex system of gold dinars and silver dirhams under successive Moroccan dynasties.
French and Spanish protectorates divided Morocco in the early 20th century, imposing their own monetary systems. France introduced the Moroccan franc, which circulated until independence in 1956. The modern Moroccan dirham was introduced in 1960, replacing the franc at 1 dirham = 100 francs. Morocco joined the IMF in 1958 and initially pegged the dirham to the French franc.
Bank Al-Maghrib, Morocco's central bank (established 1959), manages monetary policy. The dirham has been managed against a currency basket — originally dominated by the French franc (later the euro) and the US dollar — under a tightly controlled band. Morocco has gradually widened its exchange rate band as part of a long-term plan to move toward a more flexible exchange rate regime, widening the band to ±5% in 2020.
Morocco's economy depends significantly on phosphate exports, remittances from Moroccans abroad, and tourism. These factors, along with the proximity to the eurozone, are key drivers of the dirham's valuation.
Sources:
"Moroccan dirham", Wikipedia, https://en.wikipedia.org/wiki/Moroccan_dirham
"Bank Al-Maghrib", Wikipedia, https://en.wikipedia.org/wiki/Bank_Al-Maghrib