What is the
WorldRemit Send Money conversion rate for GBP to MAD?
The WorldRemit GBP to MAD exchange rate is 11.83. This is -4.7% compared to the latest GBP-MAD mid-market rate 12.41.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
British pound (GBP) to Moroccan dirham (MAD) rates from different sources before making a conversion.
The above
WorldRemit - Sterling to Dirham comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest GBP-MAD mid-rate and the possible savings of using various providers.
How do WorldRemit GBP-MAD rates compare between providers?
Looking at the full
GBP to MAD - Send Money comparison table the provider with the best GBP to MAD exchange rate is Wise at 12.36, -0.4% from the latest mid-market rate 12.41.
The next best is XE at 12.34, -0.56% from the mid-rate.
Then OFX at 11.892, which is -4.2% 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
like WorldRemit or platforms that offer rates closer to the mid-market rate.