This is a foreign exchange guide to Western Sahara, the Moroccan Dirham currency plus sending MAD transfers and travel tips.
In this Western Sahara currency guide we take a look at :
- Moroccan Dirham info - general info about the Moroccan Dirham
- Moroccan Dirham in the markets - recent MAD moves and predictions from the FX markets
- Travelling in Western Sahara - currency & money saving tips
- Buying Moroccan Dirham cash online - travel money for Western Sahara
- Sending money to Western Sahara - save on Moroccan Dirham bank transfers to Western Sahara
- Moroccan Dirham exchange rates - latest & historic exchange rates.
Moroccan Dirham (MAD) general currency information
What is the Moroccan Dirham currency code and symbol?
The three letter currency code for the Moroccan Dirham is MAD and the symbol is د.م..
Is the Moroccan Dirham a closed currency?
Yes the Moroccan Dirham is a closed currency. Which means that you may find it difficult to purchase the currency (MAD) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.
For more information and a full list of closed currencies please refer to our guide: What is a closed currency?
Which countries use the Moroccan Dirham?
Moroccan Dirham (MAD) in the markets
The interactive chart below shows the HKD to MAD exchange rate and trend for the previous 3 months:
Travel, Currency and Money saving tips for Western Sahara
Travel money for Western Sahara
As mentioned above, the Moroccan Dirham is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (MAD) before departure and will need to buy it upon arrival in Western Sahara.
For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the MAD you will incur currency conversion or foreign transaction fees if you use a travel money card in Western Sahara.
However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.
Western Sahara Trip Checklist
Sending money to Western Sahara
When searching around for information on how to get a good exchange rate when sending money to Western Sahara you need to start with finding out the latest Moroccan Dirham foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Western Sahara
When sending money to Western Sahara it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Moroccan Dirham amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted MAD amount will be transfered to the recipient account you specify in Western Sahara.
Use our Send to MAD calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Moroccan Dirham deposited into the recipient bank account and less margins and fees kept by the banks!