Morocco Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Morocco's exchange rate was 10.35 in 2025, ranked 104th globally. This represents a 4.1% increase from 2024. Data from World Bank, covering 1960–2025.
Overview
Morocco's exchange rate stood at 10.35 in 2025, a rise of +0.41 from 2024. Based on recent trends, this figure is projected to reach 10.35 by 2025. Morocco ranked 104th globally.
Morocco’s official exchange rate has risen from 5.06 per U.S. dollar in 1960 to 10.35 in 2025, placing the kingdom at rank 104 globally out of 190 economies surveyed by the World Bank. The currency’s most pronounced depreciation occurred in 2001, when the rate peaked at 11.30, while the strongest appreciation was recorded in 1979 at a trough of 3.90. Over the 66‑year coverage period the rate has more than doubled, reflecting persistent balance‑of‑payments pressures, periodic external debt restructurings and the gradual liberalisation of the foreign‑exchange market. Morocco’s current level is comparable to Norway’s 11.18 and slightly above Tajikistan’s 11.01, indicating that despite divergent economic structures the two countries share similar external valuation dynamics. Structural reforms aimed at diversifying exports and improving fiscal discipline could moderate future devaluation, while a sustained inflow of tourism and remittances would be needed to reverse the upward trajectory of the exchange rate.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 10.76 | - | - |
| 2026* trend | 10.56 | - | - |
| 2025* trend | 10.35 | - | - |
| 2025 | 10.35 | +0.41 | #104 |
| 2024 | 9.94 | −0.19 | #103 |
| 2023 | 10.13 | −0.03 | #102 |
| 2022 | 10.16 | +1.17 | #105 |
| 2021 | 8.99 | −0.51 | #106 |
| 2020 | 9.50 | −0.12 | #106 |
| 2019 | 9.62 | +0.23 | #108 |
| 2018 | 9.39 | −0.31 | #108 |
| 2017 | 9.69 | −0.12 | #110 |
| 2016 | 9.81 | +0.04 | #109 |
| 2015 | 9.76 | +1.36 | #113 |
| 2014 | 8.41 | +0.00 | #113 |
| 2013 | 8.41 | −0.22 | #115 |
| 2012 | 8.63 | +0.54 | #119 |
| 2011 | 8.09 | −0.33 | #120 |
Detected Pattern
Analysis
Morocco matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Morocco's exchange rate was 10.35 in 2025. Ranked 104th globally. This represents a 4.1% increase from the previous year.
Morocco's exchange rate peaked at 11.30 in 2001.
The lowest exchange rate in Morocco was 3.90 in 1979.
Morocco ranks 104th globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Morocco's exchange rate is projected to reach 10.35 by 2025 based on trend extrapolation.
The exchange rate of Morocco in 2025 was 10.35. This ranks 104th in the world.
Cite this page
@misc{historysaid_morocco_exchange-rate,
title = {Morocco Exchange Rate},
url = {https://historysaid.com/morocco/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}