MAD Insights - november 11th, 2022
The dollar is back above 11 MAD this week, appreciating by +1.03%. This is due to a double basket/liquidity effect unfavorable to the MAD, i.e. +0.86% and +0.17% respectively.
AGR Confidence Index - Morocco
In a tense international context, marked by continued inflationary pressures and the downward revision of economic growth forecasts, we are witnessing a significant deterioration in investor confidence toward the Equity market.
MAD Insights - november 4th, 2022
The USD/MAD pair is depreciating to 10.91 this week, posting a significant decline of -1.07%. While the liquidity effect was almost neutral during this period, most of the change in the MAD is explained by a basket effect of -1.16%.
MAD Insights - october 27th, 2022
The USD/MAD pair is stabilizing at 11.02 this week with a change of +0.05%. The market effect comes out at +0.15% restrictive for the dirham this period.
MAD Insights - october 21th, 2022
The USD/MAD pair appreciated by +0.68% to 11.02 this week. Originally, a double Basket & Market effect of +0.39% and +0.29% respectively.
MAD Insights - october 14th, 2022
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.
Listed companies - H1-22 Results
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.
Key Rate- September 2022
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.
MAD Insights - october 7th, 2022
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.
