Euro Falls Against Dirham: MRE Exchange Rates Drop

According to Bank Al-Maghrib’s weekly indicators, the dirham appreciated by 0.2% against the euro between July 2 and 8, 2026. It also gained 0.4% against the US dollar during the same period.

On Bladi.net : Euro strengthens dirham MRE summer transfers Morocco

In detail, the euro’s reference rate moved from 10.708 dirhams on July 2 to 10.683 dirhams on July 8. It had held at 10.709 dirhams on July 3, before declining from July 6 onwards.

For MREs, the effect remains modest but unfavorable. An exchange of 1,000 euros yielded approximately 10,708 dirhams on July 2, compared to 10,683 dirhams six days later, a loss of 25 dirhams.

This development occurs in the heart of the summer season, when many Moroccans residing in Europe travel to Morocco or transfer money to their families.

On Bladi.net : Moroccan dirham weakens euro exchange rate June 2026

Bank Al-Maghrib notes that no auction operations were conducted on the foreign exchange market during this period. Official reserve holdings reached 498.2 billion dirhams on July 3, up 23% year-on-year.