The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CAD to MAD Market Data
Canadian dollar (CAD) to Moroccan dirham (MAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell CAD →
Buy MAD
1 CAD = 6.7102 MAD
▲+0.2% since yesterday
CAD to MAD is at 7-day highs near 6.7102, just above its 3-month average, having traded in a very stable 2.3% range from 6.6212 to 6.7731
Is the CAD to MAD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Canadian dollar against the Moroccan dirham is to review how the CAD/MAD rate has changed over time.
The table below shows the percentage change in the CAD to MAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
CAD/MAD
Change
Period
07 Jul 2023
7.3557
0.4% ▼
2 Week
22 Apr 2023
7.4025
1% ▼
3 Month
21 Jul 2022
7.9050
7.3% ▼
1 Year
22 Jul 2018
7.1894
1.9% ▲
5 Year
23 Jul 2013
8.1845
10.5% ▼
10 Year
26 Jul 2003
6.8109
7.6% ▲
20 Year
CAD/MAD historic rates & change to 21-Jul-2023
CAD to MAD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Moroccan dirham across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
What is the
best Send Money conversion rate for CAD to MAD?
The best CAD to MAD exchange rate is 6.6707 from Wise. This is -0.59% compared to the mid-market rate 6.7102.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Canadian dollar (CAD) to Moroccan dirham (MAD) rates from different sources before making a conversion.
The above
Loonie to Dirham comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest CAD-MAD mid-rate and the possible savings of using various providers.
How do CAD-MAD rates compare between providers?
Looking at the
full comparison table
the best CAD to MAD exchange rate is 6.6707 from Wise, -0.59% from the mid-market rate 6.7102. The next best rate is 6.6699 from XE, -0.6% from the mid-rate. Then WorldRemit with 6.6095 is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.
Recent analyst forecasts indicate that the Canadian dollar (CAD) is currently supported by rising oil prices, which bolster its appeal as a commodity-linked currency.