Traveling to Morocco: How to Exchange Money and Manage Your Budget

Craftsmanship in Morocco: leather goods

You have planned to travel to Morocco?

Find in this series of articles all the tips to best organize your trip to Morocco.

Top 10 tips for traveling to Morocco:

• Maps of Morocco: visiting the south or north Morocco

• The best time to travel to Morocco, weather in Morocco

• Means of transport in Morocco

• Passport, visa, vaccines to travel to Morocco

• Call to Morocco, take a sim card

• Shopping in Morocco

• How to dress for travel to Morocco

• Traveling alone or alone in Morocco

• Learning the essentials in Darija to travel

If you're planning a trip to Morocco, one of the first practical concerns is: how do you exchange money in Morocco? From the local currency to payment tips, here's a clear and helpful guide to handling your money during your stay in Morocco.

What is the currency in Morocco?

The official currency of Morocco is the Moroccan dirham, abbreviated MAD. It is non-exportable, which means you can’t legally bring it in or out of the country. The average exchange rate is about 1 euro = 10 to 11 dirhams, though this may vary slightly depending on the market.

How to exchange money in Morocco?

Currency exchange in Morocco is straightforward and safe when using official channels, such as:

• Authorized currency exchange offices

• Banks

• ATMs (cash machines)

• Some hotels (less favorable, use only in case of emergency)

Banks and exchange offices usually require your passport to complete the transaction. You’ll receive a receipt, which is important if you want to convert your leftover dirhams at the end of your trip.

Should you exchange money at the airport or in the city?

While currency exchange desks at Moroccan airports are convenient, they generally offer a less favorable exchange rate than city exchange offices. If you need some cash upon arrival (for a taxi, for example), exchange a small amount at the airport, and do the rest later in town.

Best currency exchange offices in Marrakech, Agadir, and Casablanca

Here are some recommended exchange offices known for offering competitive rates in Morocco’s top travel destinations:

In Marrakech:

• Al-Amane Exchange Office (Gueliz)

• Banque Populaire – Jemaa el-Fna Square

• Change Express Marrakech – Hivernage

• Hotel Ali - Jemaa el-Fna square

In Agadir:

• International Exchange – Avenue Hassan II

• CIH Bank Exchange – Downtown

• Agadir Center Change – Tourist Zone

In Casablanca:

• Sidi Belyout Exchange Office (Hassan II Blvd)

• Rue de Paris Change – Habous District

• BMCE or Attijariwafa Bank – City Center

💡 Tip: Always compare rates at two or three locations before exchanging large sums. Make sure there are no hidden fees.

Can you pay with a credit card in Morocco?

Yes, credit cards (Visa, Mastercard) are widely accepted in hotels, restaurants, stores, and supermarkets. However, cash is king in small shops, taxis, souks, and local markets. Also, be aware that your home bank or the Moroccan ATM provider may charge foreign transaction or withdrawal fees, so check with your bank before traveling.

How much does a meal cost in Morocco?

Food prices in Morocco vary depending on where you eat:

• Street food or local eateries: 20 to 50 MAD (about €2–€5)

• Mid-range restaurant: 80 to 150 MAD (€8–€15)

• Tourist or fine dining restaurant: from 200 MAD (€20 and up)

Overall, Morocco is a budget-friendly travel destination for eating well.

Traditional tagine in Morocco

How much does a mint tea cost in Morocco?

The famous Moroccan mint tea typically costs 5 to 15 MAD (about €0.50–€1.50), depending on the location. In tourist cafes or luxury riads, it may be a bit more expensive, but still very affordable.

How much does argan oil cost?

High-quality cosmetic argan oil costs about 100 to 200 MAD per 100 ml (€10–€20). For culinary argan oil, prices vary depending on purity and place of purchase. Avoid buying from overly touristy souks; instead, choose certified women's cooperatives for authentic, ethical products.

Argan nuts on the tree

How much do spices cost in Morocco?

Morocco is a paradise for spice lovers. Here are some average prices:

• Cumin, turmeric, ginger: 10 to 30 MAD per 100g

• Ras el-hanout: 20 to 40 MAD per 100g

• Real saffron: expensive, usually 80 to 100 MAD per gram

As with argan oil, beware of counterfeits in overly touristy areas.

Spices at the herbalist’s, always with a touch of Moroccan humor

Conclusion

Preparing your currency exchange in advance is a key step for a smooth and enjoyable trip to Morocco. Exchange your money at reputable offices in the city, use your credit card wisely, and enjoy the Moroccan lifestyle without breaking the bank. With these practical tips, you’ll manage your budget with confidence and make the most of your Moroccan travel experience.