📈 Spain to Morocco Money Transfer Snapshot Today
- Best EUR to MAD exchange rate today: MAD 10.8177, offered by Regency FX
- Number of money transfer providers compared: 15
- Exchange rate range: MAD 10.8177 to MAD 10.5621
- Potential savings on EUR 1000: MAD 255.60
- Number of deals and promo codes: 7
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real EUR to MAD exchange rate before providers add their margin or fees. exchange rate: 1 EUR = MAD 10.8285 (Updated about an hour ago)
See detailed Spain to Morocco money transfer comparison below.
Spain to Morocco money transfer providers that matched the search criteria
📢 B2B transfers only
📢 New! Cash pickup available
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 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 these rates mean for sending money to Morocco from Spain today
Compare top-rated money transfer providers to find the best way to remit money to Morocco from Spain. Check today's EUR to MAD exchange rates, read detailed provider reviews, and discover exclusive deals and promo codes.
RemitFinder compared 15 providers for Spain to Morocco money transfers today. Here is what the competition looks like right now:
Today's Most Competitive Providers to Transfer Money to Morocco from Spain
🥇 Regency FX with 1 EUR = 10.8177 MAD (best EUR to MAD exchange rate today).
🥈 Key Currency offering 1 EUR = 10.8177 MAD.
🥉 Verto & Currencyflow are also providing good FX rate today.
The 15 providers compared today offer exchange rates from MAD 10.5621 to MAD 10.8177. On a EUR 1000 transfer from Spain to Morocco, that spread means up to MAD 255.60 in potential savings — simply by choosing the right provider.
Euro to Moroccan Dirham exchange rates fluctuate throughout the day, and top-ranked providers can change quickly. Even a small difference in the rate offered can significantly impact how much MAD your recipient receives in Morocco.
Compare the providers above to maximize every EUR you send to Morocco. The best Euro to Moroccan Dirham transfer rate changes daily, so comparing today matters.
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 Spain.
👇 There is more to a great transfer than today's EUR to MAD exchange rate — 5 years of historical pricing data reveals what really drives the total cost of sending money to Morocco from Spain.
Whilst Euro to Moroccan Dirham exchange rate is crucial, historical data shows that transfer fees, EUR amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze 5 years of Spain to Morocco remittance data to show you exactly where costs arise, and the best practices that maximize your MAD payout on every transfer.
Cost insights to remit money from Spain to Morocco (data-backed)
When you send money internationally from Spain to Morocco, the following 4 key factors determine how much your recipient actually receives:
- EUR to MAD exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, optimizing all four factors together gives your recipient in Morocco the maximum MAD payout on every transfer.
Another counter-balancing aspect is money transfer speed. If you need to transfer money from Spain to Morocco urgently, you may have to compromise on some of the above factors whilst optimizing for speed.
To understand what actually drives cost, we analyzed historical remittance pricing1 for EUR to MAD money transfers — comparing transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 427 actual Spain to Morocco money transfers handled by 13 providers over the last 5 years (for a EUR 140 remittance benchmark).
This analysis of real Euro to Moroccan Dirham transfer data identifies the lowest-cost payment and delivery combinations — so you keep more of every Euro you send.
Before we deep dive, here are the key trends:
📌 Key Cost Insights: Transferring money from Spain to Morocco
- Average total cost: 5.09% (range -1.56% to 43.07%, spread 44.63 percentage points)
- Potential payout difference: On a EUR 140 transfer, the above variation can save you up to EUR 62.48.
- Average FX markup: 2.34% (range -2.35%
ⓘ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 18.19%, spread 20.54 percentage points) - Average transfer fee: EUR 3.85 (range EUR 0.00 to EUR 36.00)
- Cheapest payment/delivery method combo: Credit Card → Bank Deposit (3.03% avg cost); most expensive is Bank Account Transfer → Bank Deposit (9.69%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 6.65% (EUR 9.31 on EUR 140 transfer).
- Market coverage: ~13 providers on average (competition level: competitive)
- Average speed: About 14 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we break down each of these factors in detail — so you know exactly where to focus when comparing providers for your next money transfer to Morocco from Spain.
📈 EUR to MAD Exchange Rate: The biggest factor when you send Euro to Moroccan Dirham
The exchange rate on your Spain to Morocco money transfer is the single biggest factor determining your overall EUR cost — and how many Moroccan Dirham your recipient actually receives.
To analyze exchange rates, we use the exchange rate markup (also called FX margin) — the difference between the mid-market exchange rate
Here is what 5 years of historical data shows for FX markup on Euro to Morocco transfers:
- Average markup: 2.34%
- Median markup: 2.10%
- Lowest markup: -2.35%
ⓘ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: 18.19%
That is a spread of 20.54 percentage points between the lowest and highest observed FX markups.
To put this into perspective — on a EUR 140 transfer, that spread is MAD 28.76 in differences purely from the exchange rate. On a EUR 345 transfer, that gap grows to MAD 70.86.
🛠️ How to use this insight: When comparing providers for Spain 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.
The EUR to MAD exchange rate is the single most critical factor in the cost of your transfer. When comparing providers, always check the rate first — it matters more than you might expect.
💰 Transfer Fees: What to watch when you remit money from Spain to Morocco
Whilst exchange rate gets most of the attention, the transfer fee can also have a big impact on how much of your Euro actually reaches your recipient in Morocco.
Based on 5 years of pricing data, here is what we see on Euro to Morocco money transfer fees:
- Average fee: EUR 3.85
- Median fee: EUR 2.99
- Lowest fee: EUR 0.00
- Highest fee: EUR 36.00
The average fee of EUR 3.85 represents 2.75% of a EUR 140 transfer, a meaningful cost on its own.
And even when two providers offer identical exchange rates, the difference between the lowest and highest fee means a payout difference of up to EUR 36.00.
🛠️ How to use this insight: For your next money transfer from Spain to Moroccan Dirham, look for providers that offer lower (or even 0) transfer fees.
One important caveat: watch out for hidden fees. Some providers advertise zero or low fees but offset it with a lower EUR to MAD exchange rate. The money lost through an inferior FX rate is just as real as a visible fee — but since it does not show up as a line item, it is called a hidden fee.
This is why comparing total cost (fee + FX markup combined) always gives you a clearer picture instead of looking at rates or fees alone.
Finally, keep in mind that fixed fees matter more on smaller transfers. On a EUR 200 transfer, a EUR 5 fee is 2.5% of your total amount. On a EUR 2,000 transfer, that same fee is just 0.25%. If you send smaller Euro to Moroccan Dirham transfers regularly, pay even more attention to fees.
Transfer fees can be just as costly as a poor exchange rate — always look at the total cost of your EUR to MAD transfer, not just rates or fees alone.
💸 Payment & Delivery Methods that reduce your cost to transfer money to Morocco from Spain
Based on our analysis of historical Spain to Morocco remittance data, we see consistent variation in overall cost amongst various payment method and delivery methods.
Even when Euro to Moroccan Dirham exchange rates are similar, different combinations of payment and delivery options can lead to meaningful differences in what you pay.
💳 Average Cost by Payment Method
Here is the average cost for popular payment methods used to send money to Morocco from Spain:
- Credit Card: 4.07%
- Debit Card: 4.24%
- Cash: 4.87%
- Bank Account Transfer: 6.51%
That is a spread of 2.43 percentage points.
👉 On a EUR 140 transfer, this means you could save up to EUR 3.40 simply by choosing a lower-cost payment method.
These savings increase further for larger EUR transfer amounts.
📥 Average Cost by Delivery Method
Here is the average cost of popular delivery methods used to remit money from Spain to Morocco:
- Cash Pickup: 4.57%
- Bank Deposit: 6.22%
This is a difference of 1.64 percentage points.
👉 On a EUR 140 transfer, you could save up to EUR 2.30 by choosing Cash Pickup instead of Bank Deposit.
Different combinations of payment methods in Spain and delivery methods in Morocco can lead to very different total costs when sending or remitting money.
Here is a summary of the average cost of payment and delivery method combinations for Spain to MAD money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Credit Card | Bank Deposit | 3.03 |
| Debit Card | Bank Deposit | 3.45 |
| Bank Account Transfer | Cash Pickup | 3.57 |
| Credit Card | Cash Pickup | 4.83 |
| Debit Card | Cash Pickup | 4.85 |
| Cash | Cash Pickup | 4.87 |
| Bank Account Transfer | Bank Deposit | 9.69 |
Sorted by Average Cost % (cheapest to most expensive).
The difference between these EUR to MAD payment and delivery options is significant.
- Lowest cost: Credit Card → Bank Deposit (3.03%)
- Highest cost: Bank Account Transfer → Bank Deposit (9.69%)
- Difference: 6.65 percentage points
👉 On a EUR 140 transfer, you could save up to EUR 13.56
👉 On a EUR 345 transfer, savings increase to EUR 33.42
Here is a quick summary of the average historical cost of various payment and delivery methods for EUR to Morocco money transfers.
💸 Cheapest Payment & Delivery Methods to send EUR to MAD transfers (data-backed)
- Cheapest payment method: Credit Card (4.07%) vs Bank Account Transfer (6.51%)
- Cheapest delivery method: Cash Pickup (4.57%) vs Bank Deposit (6.22%)
- Cheapest combination: Credit Card → Bank Deposit (3.03%) vs Bank Account Transfer → Bank Deposit (9.69%)
🛠️ How to use this insight: As you compare money transfer providers for your next Spain 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 Spain to Morocco remittances by carefully choosing the cheapest payment and delivery methods.
🏦 Are banks more expensive than money transfer services for Spain to Morocco money transfers?
When we compared Spain banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 9.59 percentage points more on average than money transfer providers for Spain to Morocco remittances.
This means banks are roughly 3.25x more expensive for sending EUR to Morocco.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | EUR 15.18 | EUR 2.77 | EUR 12.41 |
| Exchange rate markup | 3.00% | 2.28% | 0.73 pp* |
| Average total cost (%) | 13.84% | 4.26% | 9.59 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Spain 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 use your bank in Spain, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost to remit money from Spain to Morocco?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending EUR 140 vs EUR 345 from Spain to Morocco.
We found that sending a higher amount (EUR 345) is typically cheaper — average cost drops from 5.09% to 3.52%, a reduction of 1.57 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 Euro 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 market for sending money to Morocco from Spain?
Based on data from the last 5 years, Euro to Moroccan Dirham money transfers are provided on an average by 13 remittance companies. With this number of providers, we consider the level of market competition to be competitive.
Traditional banks account for only 15.4% of active providers (2 out of 13), whilst money transfer services make up the majority. This means you have more options beyond banks when you transfer EUR to Morocco.
Today, you can compare 15 providers on RemitFinder for Euro to Moroccan Dirham transfers — more than the historical average. This gives you a wider choice of pricing options as well as payment and delivery methods.
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 Spain to Morocco remittances.
This is why comparing providers is especially important when you transfer money from Spain to Morocco.
⏱️ How fast can you transfer Euro to Moroccan Dirham?
If your recipient in Morocco needs funds urgently, transfer speed becomes just as important as cost when sending money.
Here is what we see for Spain to Morocco transfers:
- Average transfer time: About 14 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at EUR 140: About 14 hours.
- Average speed at EUR 345: About 14 hours.
Banks vs money transfer providers speed comparison: Banks take 13 hours longer on average than money transfer providers.
In many cases, the fastest providers are not always the cheapest, so balancing speed and cost is important when you transfer EUR to Morocco.
🛠️ How to use this insight: If you need to send money from Spain 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.
Transfer speed for Spain to Morocco money transfers can vary widely across providers. For time-sensitive transfers, compare speed alongside cost and choose faster payment and delivery methods.
Frequently Asked Questions: Sending money to Morocco from Spain
These FAQs use data from RemitFinder's historical analysis of Spain to Morocco money transfers over several years.
What factors affect the total cost of sending money from Spain to Morocco?
The total cost of your Euro to Moroccan Dirham 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 transferring money to Morocco from Spain?
Historical Euro to Moroccan Dirham exchange rate markup ranges from -2.35% to 18.19%, a spread of 20.54 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can you get a better-than-market rate when you send Euro to Morocco?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative EUR to MAD remittance 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.
Exchange Rate vs Transfer Fee: What matters more when you send money to Morocco from Spain?
Exchange rate markup ranges from -2.35% to 18.19% (a spread of 20.54 percentage points).
Transfer fees range from EUR 0.00 to EUR 36.00, which equals roughly 25.71% on a EUR 140.00 transfer.
At EUR 140.00, the larger driver of overall cost is the transfer fee, whilst at EUR 345.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Spain to Morocco money transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger EUR 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 EUR.
How much can costs vary between providers when sending money from Spain to Morocco?
Historical transfer cost ranges from -1.56% to 43.07% for EUR transfers to Morocco. That is a spread of 44.63 percentage points, indicating significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -2.35% to 18.19% (a spread of 20.54 percentage points). Thus, even small differences in FX margin can have a big impact on the final MAD payout.
Why do Money Transfer Providers charge different rates for Euro to Moroccan Dirham money transfers?
If you send the same Euro 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 the costs to remit money to Morocco from Spain?
When we analyzed the historical total cost for EUR to MAD transfers, we observed a range from -1.56% to 43.07% (44.63 percentage points difference), along with a variability (standard deviation) of 4.99%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -2.35% to 18.19% (20.54 percentage points difference), with a standard deviation of 1.91%. 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 Euro to Moroccan Dirham transfers.
Which Payment Method is the cheapest to send money from Spain to Morocco?
Credit Card is the cheapest payment method in Spain based on its average cost at 4.07% (compared to Bank Account Transfer at 6.51%, a difference of 2.43 percentage points).
Based on this, we recommend paying for your EUR transfer with Credit Card, and avoiding Bank Account Transfer if possible.
Is Debit Card cheaper than Credit Card when you transfer money to Morocco from Spain?
Credit Card is cheaper on average when sending money to Morocco from Spain since it costs 4.24% (compared to 4.07% for Credit Card payments, a difference of 0.16 percentage points).
As a result, we recommend that you avoid paying for your transfer to Morocco with a Credit Card.
Which Delivery Method is cheapest when you remit money to Morocco from Spain?
Cash Pickup is the cheapest delivery method in Morocco as it costs 4.57% (compared to Bank Deposit at 6.22%, a spread of 1.64 percentage points).
If your recipient in Morocco can accept Cash Pickup, we recommend choosing it as your preferred delivery option for Euro to Moroccan Dirham transfers.
Is Bank Deposit cheaper than Cash Pickup when you send money to Morocco from Spain?
Cash Pickup is cheaper for Euro transfers to Morocco given its 6.22% average cost (versus 4.57% for Cash Pickup, a difference of 1.64 percentage points).
To save more, consider choosing the cheapest delivery option for Morocco.
What is the cheapest way to send money from Spain to Morocco?
We evaluated 7 payment and delivery method combinations for Spain to Morocco remittances.
Based on historical data, Credit Card → Bank Deposit is the cheapest combination with 3.03% cost.
At the other end of the spectrum, Bank Account Transfer → Bank Deposit is the most expensive combination at 9.69% cost. That is a difference of 6.65 percentage points between the cheapest and most expensive combinations.
Money transfer providers price payment and delivery methods for Spain to Morocco remittances differently. As you compare options, look for the cheapest combination to maximize the value of your EUR to MAD transfers.
Does sending more money reduce the cost to transfer money to Morocco from Spain?
Larger Euro to Moroccan Dirham transfers are cheaper on average.
The cost of a EUR 140 transfer averages 5.09% as compared to 3.52% for a EUR 345 transfer, a difference of 1.57 percentage points.
How long does it take to send EUR to MAD money transfers?
Based on our analysis, the average transfer time for Euro to Moroccan Dirham transfers is 14 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Can you instantly transfer money from Spain to Morocco?
Yes, historical data shows that some transfers to Morocco from Spain can complete in less than one hour.
Note that the actual speed of your EUR to MAD transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Spain to Morocco remittances?
Banks in Spain are more expensive than money transfer providers.
The average cost of banks is 13.84% compared to 4.26% for money transfer providers in Spain, a difference of 9.59 percentage points.
Why do banks charge more to remit money from Spain to Morocco?
Bank transfers in Spain cost 13.84% compared to 4.26% for money transfer companies.
The difference is often due to the fact that banks in Spain provide lower exchange rates and charge higher wire transfer fees.
How competitive is the market for sending money from Spain to Morocco?
Based on historical data, the competition level in Spain to Morocco is considered competitive with 13 active providers.
Money transfer providers represent about 84.6% of identified providers in Spain.
Can you overpay if you do not compare providers before transferring money to Morocco from Spain?
Historically, total EUR to MAD transfer cost has varied by 44.63 percentage points. On a EUR 140 transfer, that can translate to EUR 62.48 in savings.
Euro to Moroccan Dirham exchange rate markup also varies across providers. The average markup spread has been about 20.54 percentage points. On a EUR 140 transfer, that could be EUR 28.76 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about EUR 36.00 across providers.
That is why comparing providers can materially change how much of the EUR you send your recipient receives in Morocco.
Latest Exchange Rates for Sending Money to Morocco from Spain
Here are some latest EUR to MAD (Euro to Moroccan Dirham) exchange rates for popular conversion amounts*.
| 1 EUR | 10.83 MAD |
| 5 EUR | 54.14 MAD |
| 10 EUR | 108.29 MAD |
| 25 EUR | 270.71 MAD |
| 50 EUR | 541.43 MAD |
| 100 EUR | 1,082.85 MAD |
| 150 EUR | 1,624.28 MAD |
| 200 EUR | 2,165.70 MAD |
| 250 EUR | 2,707.13 MAD |
| 300 EUR | 3,248.55 MAD |
| 400 EUR | 4,331.40 MAD |
| 500 EUR | 5,414.25 MAD |
| 600 EUR | 6,497.10 MAD |
| 700 EUR | 7,579.95 MAD |
| 800 EUR | 8,662.80 MAD |
| 1000 EUR | 10,828.50 MAD |
| 1500 EUR | 16,242.75 MAD |
| 2000 EUR | 21,657.00 MAD |
| 2500 EUR | 27,071.25 MAD |
| 3000 EUR | 32,485.50 MAD |
| 4000 EUR | 43,314.00 MAD |
| 5000 EUR | 54,142.50 MAD |
| 10000 EUR | 108,285.00 MAD |
| 15000 EUR | 162,427.50 MAD |
| 20000 EUR | 216,570.00 MAD |
| 30000 EUR | 324,855.00 MAD |
| 40000 EUR | 433,140.00 MAD |
| 50000 EUR | 541,425.00 MAD |
| 100000 EUR | 1,082,850.00 MAD |
*Based on the Mid-market Exchange Rate
1 Based on 427 pricing observations across 13 firms over the last 5 years for a EUR 140 money transfer from Spain 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 Spain 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.