Research & Analysis

The USD/MAD pair depreciated this week by -1.31% to 9.88 from 10.01 a week earlier, a 12-month low. This evolution is explained by a double effect (basket and liquidity) in favor of the Dirham. [...]

The USD strengthens against the MAD for the 2nd consecutive week after a downward trend since mid-March.

The USD/MAD pair is strengthening this week after a downward trend which began in mid-March. It rose by +0.87% from 9.99 to 10.07. This change is mainly explained by a basket effect of +0.67% related to the appreciation of the dollar combined with a positive market effect of the USD/MAD pair of +0.20%.

The MAD is rising again this week against the Dollar. The USD/MAD dropped by -0.42% from 10.12 to 10.08 this week, i.e. a 3-month low.

The MAD appreciates for the 5th consecutive week against the Dollar. The USD/MAD pair fell -0.91% from 10.19 to 10.10 this week. This evolution is explained by a basket effect of -0.80% related to the appreciation of the euro and a liquidity effect of -0.11%.

The MAD appreciates for the 4th consecutive week against the Dollar. The USD/MAD pair fell -0.33% from 10.22 to 10.19 in one week. This change is explained by a basket effect of -0.22% related to the weakening of the dollar internationally and a positive liquidity effect of -0.11%.  

The EUR/USD pair appreciated by +0.73% from 1.0760 to 1.0839. European stock market indices, particularly banking stocks, started to rise again this week.

The MAD appreciates this week against the dollar. This change is explained by a basket effect of -0.53% related to the fall in the dollar this week and a market effect of -0.42%. The latter reflects an improvement in the liquidity conditions of the dirham.  

The MAD appreciates this week against the dollar. The USD/MAD pair evolved by -0.45%, going from 10.44 to 10.39 in one week. This change is explained by a basket effect of -0.24% and a market effect of -0.21% related to a slight improvement in the liquidity conditions of the dirham.