Morocco interbank foreign exchange volume rises 88.1% in August

Morocco's interbank foreign exchange market experienced significant growth in August 2026, with transaction volumes reaching 29.6 billion dirhams. According to a monthly report from Bank Al-Maghrib, this represents an 88.1% increase compared to the same period last year.

Transactions between banking institutions and their clients also showed upward trends. Spot foreign currency purchases totaled 33.9 billion dirhams, up from 32.2 billion dirhams in August 2025, while forward purchases rose from 14.9 billion to 18.6 billion dirhams. Client-side spot sales reached 36.3 billion dirhams, compared to 30.7 billion dirhams the previous year.

Regarding exchange rates, the dirham depreciated between August and September 2026, falling 1.4% against the euro and 2% against the US dollar.