Euro falls vs dirham: what it means for your transfers this late summer

The euro's reference rate stands at 10,7727 dirhams on 28 August 2026, according to data published by Bank Al-Maghrib. The day before, on 27 August, it was 10,7763 dirhams. The euro has fallen by a few centimes against the dirham over the week.

Over the summer as a whole, the trend is for the euro to fall against the dirham. At the start of August, the euro's reference rate was 10,745 dirhams on 6 August, then 10,727 dirhams on 12 August, according to Bank Al-Maghrib's weekly indicators. The dollar followed the same movement, moving from 9,310 to 9,295 dirhams over the same period.

For an MRE sending money to Morocco, the exchange rate forms part of the real cost of a transfer, just like the displayed fees. When the euro falls against the dirham, the amount received in Morocco is lower for the same amount sent from Europe.

To compare two transfer options, the right approach is to look at the number of dirhams that actually arrive in the Moroccan account, not just the advertised fees. A transfer with no displayed fees but an unfavourable rate can cost more than a transfer with fees but a good rate.

Share this article

Related articles

5 October 2026

Potato: kilo at 8 dirhams in Casablanca

In Casablanca, potato prices have risen to 8 dirhams per kilogram, up from 3 dirhams last year, alarming consumers and traders. The supply comes from cold storage, and the increase affects all vegetables, straining household purchasing power for families

4 October 2026

Morocco-USA: imports surpass exports

In the first seven months of 2026, Morocco's trade deficit with the United States widens to $2.83 billion. Moroccan imports ($4.07B) surge 25.2%, far outpacing exports ($1.24B, +14.2%). In July alone, the monthly gap exceeds $500 million.

29 September 2026

Bank liquidity: rising need, BAM boosts injections

Bank Al-Maghrib raises weekly injections to 150 bn DH in August (144.1 bn in July). Seven‑day advances (54.6 bn), 1‑3‑month repos (48.1 bn) and guaranteed loans for SMEs (47.3 bn) meet liquidity needs. The overnight interbank rate stays at 2.25 % on the interbank market.

Related practical guides

Have a project in Morocco?

Find a LesMRE-verified expert to guide you through your steps.