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

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.

- Source agency: Bank Al-Maghrib (Morocco)
- Makrognosis code: `MA.FXUSD.M.NSA`
- Frequency: monthly
- Units: MAD per USD
- Coverage: 1996-01-01 to 2026-10-01 (370 observations)
- Page: https://makrognosis.robomacro.com/data/morocco/mad-per-usd-calendar-month-average-of-the-official-bank-al-maghrib

## Recent data

| Period | Value |
|---|---:|
| October 2026 | 9.78 MAD per USD |
| September 2026 | 9.36 MAD per USD |
| August 2026 | 9.29 MAD per USD |
| July 2026 | 9.35 MAD per USD |
| June 2026 | 9.29 MAD per USD |
| May 2026 | 9.19 MAD per USD |
| April 2026 | 9.28 MAD per USD |
| March 2026 | 9.34 MAD per USD |
| February 2026 | 9.15 MAD per USD |
| January 2026 | 9.16 MAD per USD |
| December 2025 | 9.18 MAD per USD |
| November 2025 | 9.27 MAD per USD |
| October 2025 | 9.19 MAD per USD |
| September 2025 | 9.03 MAD per USD |
| August 2025 | 9.04 MAD per USD |
| July 2025 | 9.02 MAD per USD |
| June 2025 | 9.13 MAD per USD |
| May 2025 | 9.25 MAD per USD |
| April 2025 | 9.36 MAD per USD |
| March 2025 | 9.70 MAD per USD |
| February 2025 | 9.99 MAD per USD |
| January 2025 | 10.04 MAD per USD |
| December 2024 | 10.02 MAD per USD |
| November 2024 | 9.95 MAD per USD |

## API

```
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"]
```