Moroccan Dirham Stable Euro Exchange Rate June 2026

The Moroccan currency showed strong performance against the European currency. During this period, the euro’s reference rate moved from 10.695 dirhams on June 4 to 10.696 dirhams on June 10, representing a very limited variation. Bank Al-Maghrib thus describes this as a near-stability of the dirham against the euro.

On Bladi.net : Moroccan dirham: slight decline against the dollar, stability confirmed against the euro

This development contrasts with the dirham’s performance against the US dollar. Over the same week, the national currency depreciated by 0.6% against the greenback. The dollar’s reference rate moved from 9.213 dirhams on June 4 to 9.258 dirhams on June 10.

On Bladi.net : Moroccan Dirham Gains Against Dollar, Holds Steady vs Euro as Reserves Reach 399.8 Billion

Bank Al-Maghrib notes that no auction operations were conducted on the foreign exchange market during this period. Official reserve assets stood at 490.8 billion dirhams as of June 5, showing a slight decline of 0.1% week-on-week, but an increase of 22.8% year-on-year.