What is the currency of Morocco?

If you are planning a vacation to Morocco, there are many things to consider, and one of the first questions that may come to mind is:
What is the currency of Morocco? Knowing this in advance is essential to organize your trip smoothly and avoid any surprises.

We are aware of this so, at DFDS/FRS, we have prepared this complete guide to Moroccan currency, in which we will try to solve all possible doubts, from what it's called to how to exchange it or use it for payments.

What is Morocco's currency called? 

The official currency of Morocco is the Moroccan dirham, with the international currency code MAD. It is a non-convertible currency, which means that its circulation is restricted outside the country. For this reason, it is not easily found in exchange bureaus outside Morocco, and it is forbidden to take it out of the country in large quantities.

One dirham is divided into 100 cents, known as santimat in Moroccan Arabic.

Banknotes and coins in circulation:

  • 20, 50, 100, and 200 dirhams.

Most common currencies:

  • 1, 2, 5, and 10 dirhams.

Cents: 10, 20, and 50.

 

Where can I exchange money?

The best option is to exchange money once you're in Morocco. In Spain there are usually no exchange houses that work with dirhams, and if you find one, the exchange rates tend to be unfavourable.

A good strategy is to carry euros in cash and exchange a portion in Morocco. You can do it in:

  • Exchange houses in the centre of the cities: They usually offer better exchange rates than airports.

  • Moroccan banks: They are also secure, although they may charge a small fee.

  • Airports or ports: Exchange only a small amount for initial expenses such as transportation or food.

Always remember to ask for the receipt when making the exchange, as you may need it if you wish to exchange the remaining dirhams before leaving the country.

 

Can I pay in euros in Morocco?  

In some tourist stores, especially in border areas such as Tangier, or in cities such as Marrakech or Casablanca, they may accept euros. However, you should keep in mind that:

  • The exchange rate will be less favourable than if you pay in dirhams.

  • Only large bills (5€ or more) are accepted.

  • You may be given change in dirhams, which complicates the control of your budget.

Therefore, the most practical and economical way is to always pay in the local currency.

 

What if I pay by credit card?  

In large cities and tourist chains, international credit and debit cards are accepted. The ideal is to pay in dirhams and have your bank make the exchange, to avoid extra commissions.

Tips for paying by credit card:

  • Use commission-free travel cards, such as Revolut or N26, and avoid extra margins when paying.

  • Do not fall for the "dynamic conversion": refuse to be charged in euros, always select dirhams.

  • Avoid withdrawing cash at unofficial ATMs or outside large banks, to reduce commissions.

 

What about withdrawing cash from the ATM?  

In cities such as Tangier, Rabat, or Fez, you will easily find ATMs. You can use them to get dirham cash directly from your bank account. That said:

  • Some ATMs charge a fixed fee.

  • Your bank may also charge a foreign usage fee.

  • The maximum amount per withdrawal is usually around 2,000 MAD (~180€).

Use this option if you do not want to carry a lot of cash on you, but try to make large and infrequent withdrawals to reduce fees.

 

How much is the euro worth in dirhams? 

The exchange rate of the euro to the dirham varies slightly, but a usual average is 1€ = 10-11 MAD. It is important to check the official rate on official platforms before travelling, although in practice, in exchange houses, you may receive a somewhat lower value.

For quick currency calculations from euro to dirham:

  • 5€ = 55 MAD.

  • 10€ = 110 MAD.

  • 20€ = 220 MAD.

 

How much money do I need for a trip to Morocco? 

Morocco is an affordable destination. Depending on your style of travel, here are some approximate prices that will help you know how much money you will need:

  • Coffee or tea: 5-10 MAD.

  • Lunch at a local restaurant: 30-60 MAD.

  • Dinner at a tourist restaurant: 80-150 MAD.

  • Entrance to museums or monuments: 30-70 MAD.

  • Urban cab: 10-40 MAD depending on the route.

With about 40-60€ per day you can move comfortably, eat well, and enjoy the main activities.

Travelling to this country is an incredible adventure, and understanding the Moroccan currency is a key step to enjoy it to the fullest, as it will be your main means of payment.

And, if you are wondering how to get there, with FRS you can travel comfortably to Tanger from Spain by ferry, having two routes to choose from depending on your location:  

Ready for your adventure? Choose your route with FRS, prepare your dirhams, and enjoy Morocco. Have a good trip!