Compare today's ILS to MAD (Israeli New Sheqel to Moroccan Dirham) exchange rates
📈 Israel to Morocco Money Transfer Snapshot Today
- Best ILS to MAD exchange rate today: MAD 2.9813, offered by Regency FX
- Number of money transfer providers compared: 8
- Exchange rate range: MAD 2.8993 to MAD 2.9813
- Potential savings on ILS 1000: MAD 82.00
- Number of deals and promo codes: 1
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real ILS to MAD exchange rate before providers add their margin or fees. exchange rate: 1 ILS = MAD 3.0109 (Updated about an hour ago)
See detailed Israel to Morocco money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's ILS-MAD exchange rates mean for you
Compare today's ILS-MAD exchange rates and send money from Israel to Morocco after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 8 providers that you can rely on for Israel to Morocco money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Israel to Morocco Providers
🥇 Regency FX with 1 ILS = 2.9813 MAD (best ILS to MAD exchange rate today).
🥈 Key Currency offering 1 ILS = 2.9813 MAD.
🥉 Currencyflow & Remitly are also providing good FX rate today.
The exchange rate provided by these 8 providers ranges from MAD 2.8993 to MAD 2.9813. For a ILS 1000 money transfer from Israel to Morocco, that could mean up to MAD 82.00 saved on FX alone.
ILS-MAD exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final MAD payout that your recipient gets in Morocco.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Israel to Morocco remittances.
🔄 Looking for the reverse corridor? Send money from Morocco to Israel instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Israel.
👇 We also suggest looking beyond today's ILS-MAD exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst ILS-MAD exchange rate is crucial, historical data shows that transfer fees, ILS amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Israel to Morocco historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your MAD payout.
Data-driven cost insights for Israel to Morocco money transfers
When you send money internationally from Israel to Morocco, the key factors that will influence the overall cost of your transaction are:
- ILS-MAD exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum MAD payout for your overseas recipient in Morocco.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Israel to Morocco, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Israel to Morocco money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 62 actual Israel to Morocco money transfers handled by 3 providers over the last 5 years (for a ILS 200 remittance benchmark).
This data-driven approach using real ILS-MAD transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Israel to Morocco money transfers
- Average total cost: 13.13% (range 9.01% to 23.13%, spread 14.12 percentage points)
- Potential payout difference: On a ILS 200 transfer, the above variation can save you up to ILS 28.24.
- Average FX markup: 2.77% (range -1.01%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 11.72%, spread 12.73 percentage points) - Average transfer fee: ILS 42.29 (range ILS 18.00 to ILS 100.00)
- Cheapest payment/delivery method combo: Cash → Bank Deposit (11.49% avg cost); most expensive is Bank Account Transfer → Bank Deposit (13.66%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 2.17% (ILS 4.34 on ILS 200 transfer).
- Market coverage: ~3 providers on average (competition level: limited)
- Average speed: About 31 hours (~1.3 days)
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Israel to Morocco money transfers.
📈 ILS to MAD exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Israel to Morocco money transfers is usually the single biggest factor that will determine your overall ILS cost and your recipient's MAD payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a ILS 200 money transfer benchmark, we see the following FX markup ranges for Israeli New Sheqel to Morocco transfers:
- Average markup: 2.77%
- Median markup: 1.67%
- Lowest markup: -1.01%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 11.72%
That is a spread of 12.73 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a ILS 200 transfer, the above markup range is equivalent to roughly MAD 25.46 purely from differences in the exchange rate. That incremental saving increases to MAD 63.65 for a ILS 500 transfer.
🛠️ How to use this insight: When comparing providers for Israel to Morocco remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
ILS to MAD exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Israel to Morocco remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Israeli New Sheqel reaches your recipient in Morocco.
Based on data from last 5 years, we notice the below about Israeli New Sheqel to Morocco money transfer fees:
- Average fee: ILS 42.29
- Median fee: ILS 26.00
- Lowest fee: ILS 18.00
- Highest fee: ILS 100.00
The average fee amount of ILS 42.29 noted above represents 21.15% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by ILS 82.00.
🛠️ How to use this insight: For your next money transfer from Israel to Moroccan Dirham, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for ILS-MAD remittances
Based on our detailed analysis of historical Israel to Morocco data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to Morocco from Israel:
- Cash: 12.97%
- Bank Account Transfer: 13.66%
That is a total spread of 0.69 percentage points.
This means that on a ILS 200 transfer, you could save up to ILS 1.37 simply by choosing the best priced payment method.
These savings will only multiply for higher ILS amounts.
Here is the average cost of popular delivery methods used to send money from Israel to Morocco:
- Bank Deposit: 12.87%
- Cash Pickup: 13.27%
The cost difference between the above delivery methods is 0.40 percentage points.
Once again, this means that you could save up to ILS 0.80 on a ILS 200 transfer to Morocco by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of Israel payment methods and Morocco delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Israel to MAD money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Cash | Bank Deposit | 11.49 |
| Cash | Cash Pickup | 13.27 |
| Bank Account Transfer | Bank Deposit | 13.66 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these ILS-MAD payment and delivery options is significant. Here are some observations:
- Cash → Bank Deposit has the lowest average cost at 11.49%.
- Bank Account Transfer → Bank Deposit has the highest average cost at 13.66%.
- Cash → Bank Deposit average cost is 2.17 percentage points lower than that of Bank Account Transfer → Bank Deposit.
- This means that on a ILS 200 money transfer, you could save up to ILS 27.31 simply by choosing the best payment and delivery method combo.
- Further, on a ILS 500 money transfer, the savings increase to ILS 68.28.
Here is a quick summary of the average historical cost of various payment and delivery methods for ILS to Morocco money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Cash averaged 12.97%, compared to 13.66% for Bank Account Transfer, a difference of 0.69 percentage points.
- Cheapest delivery method: Bank Deposit averaged 12.87%, compared to 13.27% for Cash Pickup (0.40 percentage points higher).
- Cheapest combo: Cash → Bank Deposit averaged 11.49%, which is 2.17 percentage points lower than Bank Account Transfer → Bank Deposit (13.66%).
🛠️ How to use this insight: As you compare money transfer providers for your next Israel to Morocco international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Israel to Morocco remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for ILS-MAD remittances?
When we compared Israel banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 0.69 percentage points more on average than money transfer providers for Israel to Morocco remittances.
This means banks tend to be approximately 1.05x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | ILS 47.04 | ILS 40.91 | ILS 6.14 |
| Exchange rate markup | 0.56% | 3.41% | -2.85 pp* |
| Average total cost (%) | 13.66% | 12.97% | 0.69 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Israel may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Israel, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of ILS-MAD money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending ILS 200 vs ILS 500 from Israel to Morocco.
We found that sending a higher amount (ILS 500) tends to be cheaper - average cost drops from 13.13% to 9.31%, a reduction of 3.81 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Israeli New Sheqel amounts to Morocco, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Israel to Morocco remittance market?
Based on data from the last 5 years, ILS-MAD money transfers are provided on an average by 3 remittance companies. With around 3 providers serving this market, we consider the level of competition to be limited.
Traditional banks have represented only 33.3% of active providers in this corridor (1 out of 3), meaning money transfer companies make up the majority.
The good news is that you can currently compare 8 providers on RemitFinder for ILS-MAD transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Israel to Morocco remittances.
⏱️ How fast are ILS-MAD money transfers?
If your recipient in Morocco needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Israel to Morocco transfers when it comes to processing time:
- Average transfer time: About 31 hours (~1.3 days).
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 96 hours (~4.0 days).
- Average speed at ILS 200: About 31 hours (~1.3 days).
- Average speed at ILS 500: About 31 hours (~1.3 days).
Banks vs money transfer providers speed comparison: Banks take 84 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Israel to Morocco in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for Morocco.
Israel to Morocco transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Israel to Morocco money transfers
These FAQs use data from RemitFinder's historical analysis of Israel to Morocco money transfers over several years.
What factors affect the total cost of sending money from Israel to Morocco?
The total cost of your ILS-MAD money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Israel to Morocco transfers?
Historical ILS to MAD exchange rate markup ranges from -1.01% to 11.72%, a spread of 12.73 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can ILS-MAD exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative ILS-MAD exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Israel to Morocco transfers?
Exchange rate markup ranges from -1.01% to 11.72% (a spread of 12.73 percentage points).
Transfer fees range from ILS 18.00 to ILS 100.00, which equals roughly 41.00% on a ILS 200.00 transfer.
At both ILS 200.00 and ILS 500.00, the transfer fee shows larger variation than the other component.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Israel to Morocco transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger ILS amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most MAD for your ILS.
How much can Israel to Morocco transfer costs vary between providers?
Historical transfer cost ranges from 9.01% to 23.13% for ILS transfers to Morocco. That is a spread of 14.12 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -1.01% to 11.72% (a spread of 12.73 percentage points). Thus, even small differences in FX margin can have a big impact on the final MAD payout.
Why do various money transfer providers price ILS to Morocco transfers differently?
If you send the same Israeli New Sheqel amount to Morocco via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final MAD payout in Morocco in a big way.
How stable are transfer costs in the Israel to Morocco corridor?
When we analyzed the historical total cost for ILS-MAD transfers, we observed a range from 9.01% to 23.13% (14.12 percentage points difference), along with a variability (standard deviation) of 2.96%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -1.01% to 11.72% (12.73 percentage points difference), with a standard deviation of 2.73%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your ILS-MAD transfers.
Which payment method is cheapest for Israel to Morocco remittances?
Cash is the cheapest payment method in Israel based on its average cost at 12.97% (compared to Bank Account Transfer at 13.66%, a difference of 0.69 percentage points).
Based on this, we recommend paying for your ILS transfer with Cash, and avoiding Bank Account Transfer if possible.
Which delivery method is cheapest for ILS-MAD money transfers?
Bank Deposit is the cheapest delivery method in Morocco as it costs 12.87% (compared to Cash Pickup at 13.27%, a spread of 0.40 percentage points).
If your recipient in Morocco can accept Bank Deposit, we recommend choosing it as your preferred delivery option for ILS-MAD transfers.
Is Bank Deposit cheaper than Cash Pickup for Israel to Morocco transfers?
Bank Deposit is cheaper for transfers to Morocco given its 12.87% average cost (versus 13.27% for Cash Pickup, a difference of 0.40 percentage points).
To save more, consider choosing the cheapest delivery option for Morocco.
What is the cheapest way to send money from Israel to Morocco?
We evaluated 3 payment and delivery method combinations for Israel to Morocco remittances.
Based on historical data, Cash → Bank Deposit is the cheapest combination with 11.49% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 13.66% cost. That is a difference of 2.17 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Israel to Morocco remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your ILS-MAD transfers.
Does sending more money reduce the cost for Israel to Morocco transfers?
Larger ILS-MAD transfers are cheaper on average.
The cost of a ILS 200 transfer averages 13.13% as compared to 9.31% for a ILS 500 transfer, a difference of 3.81 percentage points.
How long does it take to send money from Israel to Morocco?
Based on our analysis, the average transfer time for ILS-MAD transfers is 31 hours (~1.3 days), with the fastest transfers completing in less than one hour and the slowest in 96 hours (~4.0 days).
Are instant transfers available from Israel to Morocco?
Yes, historical data shows that some transfers to Morocco from Israel can complete in less than one hour.
Note that the actual speed of your ILS-MAD transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Israel to Morocco?
Banks in Israel are more expensive than money transfer providers.
The average cost of banks is 13.66% compared to 12.97% for money transfer providers in Israel, a difference of 0.69 percentage points.
Why do banks charge more for Israel to Morocco transfers?
Bank transfers in Israel cost 13.66% compared to 12.97% for money transfer companies.
The difference is often due to the fact that banks in Israel provider lower exchange rates and charge high wire transfer fees.
How competitive is the Israel to Morocco remittance market?
Based on historical data, the competition level in Israel to Morocco is considered limited with 3 active providers.
Money transfer providers represent about 66.7% of identified providers in Israel.
Do I risk overpaying if I do not compare providers for Israel to Morocco?
Historically, total ILS-MAD transfer cost has varied by 14.12 percentage points. On a ILS 200 transfer, that can translate to ILS 28.24 in savings.
ILS-MAD exchange rate markup also varies across providers. The average markup spread has been about 12.73 percentage points. On a ILS 200 transfer, that could be ILS 25.46 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about ILS 82.00 across providers.
That is why comparing providers can materially change how much of the ILS you send does your recipient receive in Morocco in Morocco.
Latest ILS to MAD Conversion Rates
Here are some latest ILS to MAD (Israeli New Sheqel to Moroccan Dirham) exchange rates for popular conversion amounts*.
| 1 ILS | 3.01 MAD |
| 5 ILS | 15.05 MAD |
| 10 ILS | 30.11 MAD |
| 25 ILS | 75.27 MAD |
| 50 ILS | 150.55 MAD |
| 100 ILS | 301.09 MAD |
| 150 ILS | 451.64 MAD |
| 200 ILS | 602.18 MAD |
| 250 ILS | 752.73 MAD |
| 300 ILS | 903.27 MAD |
| 400 ILS | 1,204.36 MAD |
| 500 ILS | 1,505.45 MAD |
| 600 ILS | 1,806.54 MAD |
| 700 ILS | 2,107.63 MAD |
| 800 ILS | 2,408.72 MAD |
| 1000 ILS | 3,010.90 MAD |
| 1500 ILS | 4,516.35 MAD |
| 2000 ILS | 6,021.80 MAD |
| 2500 ILS | 7,527.25 MAD |
| 3000 ILS | 9,032.70 MAD |
| 4000 ILS | 12,043.60 MAD |
| 5000 ILS | 15,054.50 MAD |
| 10000 ILS | 30,109.00 MAD |
| 15000 ILS | 45,163.50 MAD |
| 20000 ILS | 60,218.00 MAD |
| 30000 ILS | 90,327.00 MAD |
| 40000 ILS | 120,436.00 MAD |
| 50000 ILS | 150,545.00 MAD |
| 100000 ILS | 301,090.00 MAD |
*Based on the Mid-market Exchange Rate
1 Based on 62 pricing observations across 3 firms over the last 5 years for a ILS 200 money transfer from Israel to Morocco. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Israel to Morocco remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.