
Moroccan Dirham Strengthens Against Euro, Weakens vs Dollar in Latest Exchange Rates
The Moroccan dirham appreciated between September 19 and 25, by 0.20% against the euro and depreciated by 0.24% against the dollar.

The Moroccan dirham appreciated between September 19 and 25, by 0.20% against the euro and depreciated by 0.24% against the dollar.

The reasons why some ATMs were dry in August are known. Bank Al-Maghrib (BAM) reports that liquidity needs have reached unprecedented levels. And, according to the data published by the central bank, it is a new record of consumption that has been shattered during this period.

Over the period from September 12 to 18, the Moroccan dirham lost 0.61% against the euro and 0.31% against the dollar, according to the weekly indicators released by Bank Al-Maghrib (BAM).

The Moroccan currency appreciated by 0.24% against the euro and 0.16% against the dollar during the period from September 5 to 11, according to the weekly indicators of Bank Al-Maghrib (BAM).

For the period from August 29 to September 4, 2019, the Moroccan dirham lost 0.11% against the euro and 0.76% against the US currency, according to the weekly indicators published by Bank Al-Maghrib (BAM).

The Moroccan currency appreciated by 0.23% against the euro and 0.10% against the dollar during the period from August 22 to 28, 2019. This is the main point to remember from the data published by Bank Al-Maghrib (BAM).

For the period from August 15 to 21, 2019, the Moroccan dirham gained 0.07% against the euro, and 0.39% against the US currency, according to the weekly indicators released by Bank Al-Maghrib.

In July 2019, the Moroccan currency appreciated against the two reference currencies, the euro and the dollar. This is according to data published by Bank Al-Maghrib (BAM).

From August 1 to 7, 2019, the value of the dirham remained almost stable compared to the euro. The Moroccan currency appreciated by 0.44% against the dollar, according to Bank Al-Maghrib (BAM).

The dirham showed good health during the period from July 18 to 24, 2019, according to the note on the weekly indicators of Bank Al-Maghrib (BAM). The Moroccan currency appreciated by 0.20% against the euro and depreciated by 0.44% against the dollar.

During the week of July 11 to 17, 2019, the Moroccan dirham gained value against the European currency as well as against the US dollar.

Dirham flexibility is a major concern for the International Monetary Fund (IMF). In a report on Morocco’s economic situation, published on July 16, 2019, the institution reaffirms its demand to Morocco.