Moroccan dirham gains strength euro currency May 2024
The Moroccan dirham appreciated by 0.1% against the euro and depreciated by 0.8% against the US dollar during the period from May 14 to 20, according to Bank Al-Maghrib (BAM).
During this period, no auction operations were carried out on the foreign exchange market, indicates the Moroccan central bank in its weekly indicators bulletin.
On Bladi.net : Moroccan Dirham Strengthens Against the Euro
Official foreign exchange reserves stood at 466.8 billion dirhams (MMDH) on May 15, down 0.4% week-on-week and up 17.8% year-on-year, BAM reports.
On the interbank market, the average daily trading volume reached 1.7 MMDH and the interbank rate stood at 2.25% on average.
On the stock exchange side, the MASI fell 4.1% from May 14 to 20, bringing its underperformance since the beginning of the year to 3.9%.
On Bladi.net : Moroccan Dirham Gains Against Euro May 2026
As for the weekly trading volume, it remained virtually stable week-on-week at 1.4 MMDH, realized mainly on the central equities market.
