
Moroccan Dirham Holds Steady Against Euro, Gains on Dollar
The dirham remained almost stable against the euro and appreciated by 0.83% against the dollar, during the period from July 30 to August 5, according to Bank Al-Maghrib (BAM).

The dirham remained almost stable against the euro and appreciated by 0.83% against the dollar, during the period from July 30 to August 5, according to Bank Al-Maghrib (BAM).

According to the indicators published by Bank-Al-Maghrib (BAM) during the period from July 23 to 29, the dirham depreciated by 0.41% against the euro and appreciated by 1.02% against the dollar.

The dirham recorded a 2.4% decline against the US dollar in 2019, according to Bank Al-Maghrib (BAM). It also mentions a bullish market effect of 0.8% and a downward basket effect of 3.2%, following a 5.2% depreciation of the euro against the dollar.

Bank Al-Maghrib (BAM) indicates that from July 9 to 15, the dirham depreciated by 0.56% against the euro, while against the dollar, the Moroccan currency gained 0.81%.

The dirham appreciated by 1.78% against the US dollar and 1.40% against the euro in June 2020, according to [Bank Al Maghrib (BAM)>word853]

The Moroccan currency remained almost stable against the euro and appreciated by 0.76% against the dollar, during the period from July 2 to 8, according to Bank Al-Maghrib (BAM).

The dirham depreciated by 0.14% against the euro and appreciated by 0.40% against the dollar, during the period from June 18 to 24.

The Covid-19 pandemic, which has brought some key sectors of the Moroccan economy to their knees, has fueled the trafficking of foreign currencies. It has recorded a significant increase on the Moroccan black market.

The Moroccan dirham appreciated by 0.79% against the euro and depreciated by 0.36% against the dollar during the period from June 11 to 17, according to Bank Al-Maghrib (BAM) .

The Moroccan currency depreciated by 0.67% against the euro and appreciated by 0.93% against the dollar during the period from June 4 to 10, according to Bank Al-Maghrib (BAM) .

The Moroccan dirham depreciated by 0.46% against the euro and appreciated by 1.34% against the dollar, during the period from May 28 to June 03.

The Moroccan dirham depreciated by 0.75% against the euro and 0.41% against the dollar, according to Bank Al Maghrib’s weekly indicators for the week of May 21-27.