Insights

The USD/MAD pair appreciated this week by +0.24%, from 10.06 to 10.09.This variation is due to a double positive effect. The basket effect came out negative at -0.14% as the EUR/USD parity was almost stable this week. The market effect, for its part, is positive this week at +0.38%.

The USD/MAD pair appreciated this week by +0.66%, going from 10.00 to 10.06.This evolution is due to a double positive effect. The basket effect comes out at +0.48% related to the appreciation of the Dollar against the Euro this week.

During our recent survey, we identified investors' expectations regarding the evolution of the Moroccan Central Bank Key rate during its 4th and last monetary policy meeting scheduled for December 17th, 2024.

The commercial achievements of listed companies in the 3rd quarter of 2024 took place within a context marked by two main factors.

The USD/MAD pair depreciated this week by -0.57% from 10.06 to 10.00 after remaining above 10 MAD throughout the week.

USD/MAD pair appreciated this week by +0.79%, going from 9.98 to 10.06, a high of more than 6 months.This evolution is due to a positive basket effect. This comes out at +0.79% related to the appreciation of the Dollar against the Euro this week.

Our valuation of Marsa Maroc is conducted within a favorable environment, where the Kingdom aspires to become a global logistics hub for Africa. A credible vision which is supported by Tanger Med II's new position as the 1st port in Europe and Africa in terms of operational efficiency in 2023. 

The USD/MAD pair appreciated this week by +1.06%, up from 9.88 to 9.98, a 5-month high.This evolution is explained by a positive basket effect. It comes out at +1.22% after the appreciation of the Dollar against the Euro this week. The market effect comes out to be less significant at -0.16% in favor of the Dirham.

This evolution is mainly explained by a positive basket effect. This comes out at +0.53% after the appreciation of the Dollar against the Euro this week. The market effect, for its part, comes out to less significant at -0.05%, i.e. a marginal impact in favor of the Dirham.