On July 26, 2026, the euro has shown a slight recovery against the Moroccan dirham, coinciding with the time when many Moroccans residing abroad (MRE) are visiting Morocco. Although the increase is modest, it results in a marginally improved exchange rate for those converting euros into dirhams, or for remittances being sent back home.
According to weekly indicators released by Bank Al-Maghrib, the dirham depreciated by 0.4% against the euro between July 16 and July 22, 2026, and it also lost 0.5% against the US dollar during the same timeframe. Specifically, the reference exchange rate for the euro rose from 10.683 dirhams on July 16 to 10.703 dirhams by July 22. This means that 1,000 euros were valued at approximately 10,683 dirhams at the beginning of the period, increasing to 10,703 dirhams by the end, yielding an additional twenty dirhams.
Although the gains may appear minimal for smaller amounts, they become significantly more noticeable when MREs exchange larger sums of money. For instance, when converting 5,000 euros, the theoretical difference can reach around a hundred dirhams. This slight increase can be particularly advantageous for those looking to fund their vacations, assist their families, or cover major expenses while in Morocco.
In parallel, Morocco's official reserve assets reached 496.8 billion dirhams as of July 17, 2026. This figure represents a 0.3% increase over the course of a week and a substantial 22.6% increase year-on-year. In June, these reserves were equivalent to approximately five months and 25 days of imports of goods and services, indicating a robust economic standing.
As reported by bladi.net.
