Research & Analysis

USD/MAD depreciates -0.44% to 10.95 this week. This is due to a double negative Basket/Market effect of -0.24% and -0.20% respectively.

The release of H1-22 results of listed companies comes amid an unprecedented context marked by an acceleration of inflation at local and international level.

On the sidelines of its 3rd monetary policy meeting in 2022, Bank Al-Maghrib decides to raise its Key Rate by +50 BPS to 2.0% for the 1st time since 2008.

USD/MAD is up +1.19% to 11.00 this week. This is due to the tightening of liquidity conditions on the Moroccan interbank foreign exchange market.

At the end of the 1st half of 2022, Cosumar recorded an increase in its consolidated revenue of +16% to MAD 5,076 Mn, driven mainly by the Export activity.

The USD/MAD pair appreciated by +0.53% to 10.87 in one week. This can be explaied by the continued appreciation of the Dollar internationally neutralized the improvement in liquidity conditions within the interbank foreign exchange market.

South Africa is the 3rd African nation after Nigeria and Angola to issue a Eurobond since the start of Russia’s war with Ukraine.

The USD/MAD pair continues to follow its uptrend thus reaching a new high of 20 years at 10.8089.  

The upward trend of the USD/MAD parity continues on the foreign exchange market with an increase of +1.47% to 10.7430 this week, i.e. a highest since 2002.