MAD Insights January 26th 2024
The Dollar appreciated slightly against the Dirham this week to 9.97, a variation of +0.17%. This evolution is explained by a basket effect of +0.50% following the strengthening of the Dollar internationally this week.
MAD Insights January 4th 2024
The dirham appreciated slightly at the end of the year against the dollar, going from 9.91 to 9.89. Thus, the USD/MAD pair closes 2023 with a drop of -0.18%.
MAD Insights November 22nd 2023
The USD/MAD depreciated this week by -0.47% from 10.15 to 10.10. This evolution is mainly explained by a negative basket effect of -1.00% following the depreciation of the Dollar internationally this week.
MAD Insights December 7th 2023
The USD/MAD pair fell by -0.29% from 10.11 to 10.08. This is the 6th consecutive decline on a weekly basis to a 3-month low. This evolution is due to a negative market effect of -0.42% which was able to largely offset a positive basket effect of +0.13% this week.
MAD Insights November 30th 2023
The USD/MAD pair fell -0.47% this week from 10.16 to 10.11, a 3-month low. This variation is due to a negative basket effect of -0.22% related to the weakening of the Dollar this week. The market effect, for its part, came out also negative at -0.25% in favor of the Dirham.
MAD Insights november 22nd, 2023
The USD/MAD pair fell -0.87% this week from 10.25 to 10.16, a 2-month low. This evolution is explained by a negative basket effect of -1.04% related to the weakening of the Dollar this week. The market effect, for its part, stands at +0.17%.
MAD Insights november 17th 2023
The USD/MAD pair fell -0.11% from 10.26 to 10.25 this week. This evolution is explained by a negative basket effect of -0.23%, more significant than the market effect which came out in positive territory at +0.12%.
MAD Insights november 10th 2023
The USD/MAD pair depreciated by -0.32% from 10.29 to 10.26 this week. The ECB and the Fed took a break in their last monetary policy meeting and the consensus does not foresee further interest rate hikes by the end of 2023.
MAD Insights october 20th 2023
The USD/MAD pair depreciated by -0.19% from 10.29 to 10.27 this week. This evolution is explained by a positive basket effect of +0.21% related to the appreciation of the dollar internationally and a negative market effect of -0.40% which is explained by a drop in liquidity spreads on the Moroccan interbank foreign exchange market this week.
