Research & Analysis

The USD/MAD pair is on the rise again and shows an increase of +1.08% to 10.26, a 5 months high. At the origin of this evolution, a double positive effect.  

The upward trend in the USD/MAD parity was interrupted this week with a drop of -0.14% to 10.1535, the first time since the end of July 2023.

The Dirham is depreciating this week against the Dollar following a double basket-liquidity effect. The USD/MAD appreciated by +0.54% to 10.17 in one week, its highest level since the beginning of June 2023.

USD/MAD appreciated by +1.24% from 9.99 to 10.11 this week. The Dollar is thus appreciating for the 4th consecutive week to go back above MAD 10 for the  first time since June. The evolution of the EUR/USD pair remains mainly dependent on the monetary policy decisions of the Fed and the ECB. [...]

The USD/MAD appreciated this week by +1.05% from 9.88 to 9.99. The Dollar thus appreciated for the 3rd consecutive week to reach a high since the end of last June.

The USD/MAD increased by +0.75% from 9.81 to 9.88.The Dollar thus appreciated for the 2nd consecutive week to reach a high since the end of last June. Despite this increase, these spreads should continue to fall during the month of August, supported by workers’ remittances during the summer period.

The USD/MAD appreciated this week by +0.75% after 3 weeks of successive declines, going from 9.68 to 9.75. This is due to a double positive effect, i.e. a positive basket effect of +0.56% related with the correction of the Euro internationally and a positive liquidity effect of +0.19%.

USD/MAD depreciated for the 3rd consecutive week by -1.26% to 9.68 against 9.81 a week earlier, i.e. a new low since April 2022. This is due to a negative basket effect of -1.84% related to the depreciation of the Dollar internationally, offset by a positive liquidity effect of +0.58%.

The USD/MAD pair depreciated this week by -0.75% to 9.81 from 9.88 a week earlier, i.e. its lowest level since April 2022. The downward trend in liquidity spreads intensified this week with moving into negative territory for the first time in 12 months.