Research & Analysis

The USD/MAD parity is settling this week at 9.99. This is due to a basket effect for the MAD of -0.18% offset by a liquidity effect of +0.15%. The USD depreciated slightly by -0.03% against the dirham over one Week but remains at 2-year highs.

The USD/MAD pair crossed the 10 threshold for the first time in 2 years last thursday before closing the week at 9.99. The dirham depreciates against the USD for the 5th consecutive week.

The Dirham is depreciating this week against the EUR and the USD for the 4th week in a row. This is due to a restrictive liquidity effect of the MAD of +0.27% and a neutral basket effect.

and the USD. This is due to a restrictive liquidity effect for the MAD of more than +0.31%. This effect was larger than the basket effect. The USD/MAD and EUR/MAD pairs have increased by +0.54% and +0.16% respectively this week.

The MAD is depreciating this week against the USD. The USD/MAD pair evolves by +0.34%. The basket effect stands at +1.07%, offsetting the liquidity effect.

During FY 2021, listed companies annual results were relatively expected by investors, after a less favorable year 2020 marked by the negative repercussions of the health crisis.

The Dirham appreciates this week against the Dollar and the Euro. The EUR/MAD and USD/MAD parities thus fell by -1.34% and -1.10% respectively.

The USD/MAD parity rose by +0.21% to 9.70 this week, a 20-month high. At the origin of this depreciation of the MAD, a double positive basket/liquidity effect of +0.04% and +0.17% respectively.

After a decline of -1.0% in H1-21, Label Vie recorded an important recovery in its activity in H2-21 of +14.2%. In this context, the Group's consolidated revenue rose by +6.8% in 2021 to MAD 11,758 Mn.