Makrognosis

Morocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate

MonthlyNot seasonally adjustedCode MA.FXUSD.M.NSA

Latest9.78 MAD per USDOctober 2026
Previous9.36 MAD per USDSeptember 2026
Year ago9.19 MAD per USDOctober 2025

Morocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate was 9.78 MAD per USD in October 2026, up 4.5% from September 2026 and up 6.5% from a year earlier.

That is the highest reading since February 2025.

Over the past ten years it has ranged from 8.85 MAD per USD (May 2021) to 10.96 MAD per USD (Oct 2022), averaging 9.62 MAD per USD.

Morocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate (MAD per USD), Jan 1996 – Oct 2026789101112200020052010201520202025Robomacro
Morocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate (MAD per USD), Jan 1996 – Oct 2026. Source: Bank Al-Maghrib (Morocco).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValue
October 20269.78 MAD per USD
September 20269.36 MAD per USD
August 20269.29 MAD per USD
July 20269.35 MAD per USD
June 20269.29 MAD per USD
May 20269.19 MAD per USD
April 20269.28 MAD per USD
March 20269.34 MAD per USD
February 20269.15 MAD per USD
January 20269.16 MAD per USD
December 20259.18 MAD per USD
November 20259.27 MAD per USD
October 20259.19 MAD per USD
September 20259.03 MAD per USD
August 20259.04 MAD per USD
July 20259.02 MAD per USD
June 20259.13 MAD per USD
May 20259.25 MAD per USD
April 20259.36 MAD per USD
March 20259.70 MAD per USD
February 20259.99 MAD per USD
January 202510.04 MAD per USD
December 202410.02 MAD per USD
November 20249.95 MAD per USD

Last 24 observations. The full history (370 observations) is available through the API.

Get Morocco MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/MA.FXUSD.M.NSA"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/MA.FXUSD.M.NSA",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationOctober 2026
First observationJanuary 1996
Observations370
FrequencyMonthly
UnitsMAD per USD
AdjustmentNot seasonally adjusted
10-year high10.96 MAD per USD (Oct 2022)
10-year low8.85 MAD per USD (May 2021)
10-year average9.62 MAD per USD
Source agencyBank Al-Maghrib (Morocco)
Makrognosis codeMA.FXUSD.M.NSA

This series is a labelled reference series (an official figure republished by an aggregator) rather than a first print from the agency itself.

Other Morocco indicators

Morocco Inflation Rate (CPI)Morocco 10-Year Government Bond YieldMorocco Credit Rating & Sovereign Risk ScoreMorocco Government Debt to GDPMorocco Bank Al-Maghrib official policy rate (taux directeur), calendar-month average of the rate in forceMorocco Sovereign Bond Spread vs US TreasuriesMorocco Treasury direct debt, MAD billion (BAM Annual Report Table 1.5.4 year-end)

FAQ

What is the current mAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate in Morocco?
The latest reading is 9.78 MAD per USD for October 2026, published by Bank Al-Maghrib (Morocco).
Where does this data come from?
It is collected directly from Bank Al-Maghrib (Morocco) and is available through the Makrognosis API under the code MA.FXUSD.M.NSA.

Last updated 2026-11-12. Source: Bank Al-Maghrib (Morocco). Original title: “Morocco: MAD per USD, calendar-month average of the official Bank Al-Maghrib reference rate”.