Compare today's MAD to USD (Moroccan Dirham to US Dollar) exchange rates
Interbank Exchange Rate: 1 MAD = 0.1095 USD
Updated about an hour ago
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All you need to know about Moroccan Dirham to US Dollar money transfers
Easily compare money transfer providers in one place to send money from Morocco to British Indian Ocean Territory. Send money overseas to your loved ones by comparing Moroccan Dirham (MAD) to US Dollar (USD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.
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 Morocco.
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Latest MAD to USD Conversion Rates
Here are some latest MAD to USD (Moroccan Dirham to US Dollar) exchange rates for popular conversion amounts*.
| 1 MAD | 0.11 USD |
| 5 MAD | 0.55 USD |
| 10 MAD | 1.10 USD |
| 25 MAD | 2.74 USD |
| 50 MAD | 5.48 USD |
| 100 MAD | 10.95 USD |
| 150 MAD | 16.43 USD |
| 200 MAD | 21.90 USD |
| 250 MAD | 27.38 USD |
| 300 MAD | 32.85 USD |
| 400 MAD | 43.80 USD |
| 500 MAD | 54.75 USD |
| 600 MAD | 65.70 USD |
| 700 MAD | 76.65 USD |
| 800 MAD | 87.60 USD |
| 1,000 MAD | 109.50 USD |
| 1,500 MAD | 164.25 USD |
| 2,000 MAD | 219.00 USD |
| 2,500 MAD | 273.75 USD |
| 3,000 MAD | 328.50 USD |
| 4,000 MAD | 438.00 USD |
| 5,000 MAD | 547.50 USD |
| 10,000 MAD | 1,095.00 USD |
| 15,000 MAD | 1,642.50 USD |
| 20,000 MAD | 2,190.00 USD |
| 30,000 MAD | 3,285.00 USD |
| 40,000 MAD | 4,380.00 USD |
| 50,000 MAD | 5,475.00 USD |
| 100,000 MAD | 10,950.00 USD |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to send money to British Indian Ocean Territory from Morocco?
Sending money internationally to British Indian Ocean Territory from Morocco can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Moroccan Dirham to USD remittances.
Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to British Indian Ocean Territory. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in United States Dollar.
How to get the best exchange rate for your money transfers from Morocco to British Indian Ocean Territory?
One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to British Indian Ocean Territory.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Morocco to British Indian Ocean Territory transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.
You may also want to sign up for our free exchange rate alert for your MAD to United States Dollar money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.
What's the cheapest way to transfer money from Morocco to British Indian Ocean Territory?
Finding the cheapest way to send money from Morocco to British Indian Ocean Territory might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MAD to USD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.
Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Morocco to British Indian Ocean Territory exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.
Should I use my bank to send money from Morocco to British Indian Ocean Territory?
Bank transfers have been a traditionally popular way to send money overseas from Morocco to British Indian Ocean Territory. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the MAD to USD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.
We, therefore, recommend that before you use your Morocco bank for your British Indian Ocean Territory money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.
How to send money from Morocco to British Indian Ocean Territory fast?
How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Morocco to British Indian Ocean Territory. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.To help you convert MAD to USD fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.
If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Moroccan Dirham amount reaching British Indian Ocean Territory. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.
Hopefully, you do not find yourself in a crisis where you have to rush United States Dollar quickly to British Indian Ocean Territory, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.
Which are the best money transfer companies to transfer money from Morocco to British Indian Ocean Territory?
The first step in selecting the best money transfer operators for Morocco to British Indian Ocean Territory remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Moroccan Dirham to United States Dollar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to British Indian Ocean Territory.
Step by step guide to send money from Morocco to British Indian Ocean Territory
Follow the below easy steps to send money to British Indian Ocean Territory from Morocco.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Morocco bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in British Indian Ocean Territory).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.