🇲🇦 MAD to 🇪🇺 EUR — Moroccan Dirham (DH) to Euro Rate Today
Live indicative interbank rate. Last refreshed 25 Jun 2026 00:00:05 UTC.
Convert Moroccan Dirham to Euro using the live indicative interbank rate and the converter below. Covers the cost of sending to Eurozone via the major mobile money apps.
Currency converter
MAD → EUR conversion table
| MAD | EUR |
|---|---|
| 1 | 0.09 |
| 5 | 0.47 |
| 10 | 0.94 |
| 20 | 1.87 |
| 50 | 4.69 |
| 100 | 9.37 |
| 200 | 18.74 |
| 500 | 46.86 |
| 1,000 | 93.72 |
| 2,000 | 187.44 |
| 5,000 | 468.60 |
| 10,000 | 937.21 |
Table computed at the indicative rate of 1 MAD = 0.09372 EUR. Real operator-side values include a 1%-4% spread.
Moroccan Dirham to Euro exchange rate history
What moves the Moroccan Dirham rate
The Moroccan dirham trades in a managed float against a basket tilted toward the euro, with a smaller dollar component. Tourism receipts set the pace of foreign-currency inflows, alongside phosphate exports, since Morocco holds the world's largest phosphate reserves. A fast-growing automotive export sector, built to supply European plants and buyers, has become a leading earner of hard currency. Remittances from the large European diaspora round out the picture. To read where the dirham is heading, watch the tourist season, phosphate prices, automotive order books and the strength of European demand, all of which steer the currency along the trajectory the central bank allows.
Converting and sending the Moroccan Dirham: what to know
The dirham is convertible for current-account transactions and counts among the more liquid North African currencies, which makes routine payments and transfers comparatively smooth. It is steered by the central bank rather than left to float freely, so day-to-day swings stay contained and well-managed. For a sender or receiver, that translates into relative stability and few nasty surprises. There is no meaningful parallel-market problem to navigate; the official rate is the rate that matters, and converting in or out of dirhams is generally orderly and predictable for ordinary cross-border use.
About the Moroccan Dirham
The Moroccan dirham is issued by Bank Al-Maghrib and splits into 100 centimes. Rather than floating freely, it is steered as a managed float against a basket dominated by the euro and the US dollar, reflecting Morocco's deep trade ties to Europe. The kingdom's economy leans on phosphate exports, a fast-growing automotive assembly sector, year-round tourism, and sizeable remittances sent home by Moroccans living across France, Spain and the Low Countries. That mix of industry and diaspora inflows gives the dirham a relatively broad foreign-currency base compared with many of its regional peers.
About the Euro
The Euro (EUR, €) is the official currency of 20 European Union member states and the anchor of one of the most consequential fixed-peg arrangements in African monetary history. The Euro is issued by the European Central Bank in Frankfurt and is the second-largest reserve currency after the USD. Two African monetary unions — the West African Economic and Monetary Union (UEMOA / XOF) and the Central African Economic and Monetary Community (CEMAC / XAF) — peg their CFA francs to the EUR at the fixed rate of 655.957 CFA = 1 EUR. The peg has been in continuous operation since the 1999 introduction of the Euro, and replaced the prior French franc peg. For diaspora remitters in France, Belgium, Italy, Spain, Portugal and Germany, the EUR is the dominant send currency for the WAEMU and CEMAC routes.
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FAQ
What is the MAD/EUR exchange rate today?
How much is 100 MAD in EUR?
What's the best way to send Moroccan Dirham to Eurozone?
Is the Euro a stable currency?
Why is the rate I see on my mobile money operator different?
Rates shown on this page are indicative interbank reference rates updated daily. Operator send rates typically include a 1%-4% spread above this reference, which covers FX hedging cost, settlement risk and commercial margin. For exact send rates via M-Pesa, MTN MoMo, Sendwave, LemFi, WorldRemit, Wise or TapTap Send to Eurozone, see the inbound transfer comparison.