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Moroccan dirham shifts vs euro and dollar

Moroccan dirham shifts vs euro and dollar

Between May and June 2026, the Moroccan Dirham experienced a slight increase of 0.4 percent against the Euro, while it declined by 1 percent against the US dollar, due to global market fluctuations and the strength of the dollar. The interbank foreign exchange market saw a significant growth of 4.8 percent, with currency exchanges totaling approximately 31.6 billion Dirhams, reflecting lively foreign financial inflows. Additionally, data showed a shift in the behavior of economic actors, as purchases for future delivery increased from 15.4 to 21.3 billion Dirhams, indicating firms' desire to hedge against exchange rate volatility and lock in future costs. Confidence in the Moroccan exchange system remains solid, accompanied by a growing awareness of risk management mechanisms, which enhances the resilience of the monetary system and ensures the stability of commercial activities.

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