British Pound to Moroccan Dirham: The change rate among the British Pound Sterling (GBP) and the Moroccan Dirham (MAD) is a topic of exchange for travelers, investors, and agencies engaged in transactions among the UK and Morocco.
Current Exchange Rate Overview
As of February 20, 2025, the change rate stands at:
1 GBP = 12.5620 MAD
This rate displays a moderate lower of 0.13% from the preceding day’s close. Over the past week, the change rate has fluctuated between an excess of 12.578 and a low of 12.557, indicating relative balance in the forex pair.
Historical Exchange Rate Trends
Understanding the ancient context of the GBP/MAD exchange rate gives treasured insights into its overall performance and ability for future movements.
Year-to-Date Performance
Highest Rate in 2025: 12.6439 MAD on January 1, 2025
Lowest Rate in 2025: 12.2246 MAD on January 18, 2025
Average Rate in 2025: 12.4387 MAD
These figures recommend that the change rate has skilled modest fluctuations inside a notably slender band due to the fact that the start of the year.
Monthly Breakdown
January 2025:
Highest Rate: 12.6439 MAD
Lowest Rate: 12.2246 MAD
Average Rate: 12.3997 MAD
February 2025 (as much as February 20):
Highest Rate: 12.6019 MAD on February 18, 2025
Lowest Rate: 12.5278 MAD on February 16, 2025
Average Rate: Data now no longer completely available
The information shows a moderate appreciation of the Moroccan Dirham towards the British Pound in January, observed through relative balance in February.
Factors Influencing the GBP/MAD Exchange Rate
Several elements make a contribution to the fluctuations in the GBP/MAD exchange rate:
Economic Indicators
Inflation Rates: Disparities in inflation among the United Kingdom and Morocco can have an effect on shopping strength parity, influencing change rate.
Interest Rates: Central financial institution guidelines concerning exchange rate affect investor returns, thereby affecting forex call for.
Gross Domestic Product (GDP): Economic boom signs replicate the fitness of a country’s financial system, influencing forex strength.
Political Stability
Political occasions, consisting of elections or coverage changes, can cause uncertainty, affecting investor self belief and forex valuations.
Market Speculation
exchanger perceptions and speculative sports can purpose short-time period volatility in change rate.
Future Projections and Forecasts
While predicting precise change rate is challenging, numerous forecasts offer insights into ability traits.
Short-Term Forecasts
February 2025: The change rate is anticipated to vary among 12.4918 MAD and 12.3676 MAD, with a median of 12.4297 MAD
Long-Term Forecasts
2025 Year-End: Projections recommend a median rate of 12.68 MAD, with ability highs accomplishing 13.01 MAD in September
These forecasts suggest a slow appreciation of the Moroccan Dirham towards the British Pound over the year.
How is the GBP to MAD Exchange Rate Calculated?
The GBP/MAD exchange rate is decided through numerous elements, including:
1. Interbank Exchange Rates
The interbank rate is the rate at which banks change currencies with one another. This is commonly the nearest rate to the actual marketplace rate of a forex.
This rate fluctuates continuously because of marketplace call for and supply.
2. the Forex market Market Activity
The overseas change (forex) marketplace is one in all the largest monetary markets, and buying and selling quantity impacts change rate.
The change rate is stimulated through critical financial institution guidelines, monetary overall performance, and investor self belief.
3. Supply and Demand
When extra human beings purchase Moroccan Dirhams (e.g., UK vacationers touring to Morocco), the call for increases, and the rate of MAD rises.
If fewer human beings want MAD or if there’s extra call for GBP, the rate of GBP rises towards MAD.
4. Economic Performance of the United Kingdom and Morocco
A more potent UK financial system (excessive GDP, low unemployment) can boost the rate of GBP.
If Morocco’s financial system is growing, the Dirham might also additionally strengthen, making GBP much less treasured in change.
Where Can You Exchange GBP to MAD?
1. Banks in the UK and Morocco
UK Banks: Most excessive-road banks provide currency trading services, however rates and rates won’t usually be aggressive.
Moroccan Banks: Popular Moroccan banks consisting of Attijariwafa Bank, BMCE Bank, and Banque Populaire provide currency trading services.
2. Currency Exchange Bureaus
Exchange bureaus in airports, metropolis centers, and visitor regions in Morocco and the United Kingdom offer change services.
Tip: Avoid replacing huge quantities at airports as they commonly have worse rates and better rates.
3. ATMs in Morocco
Using an ATM in Morocco is one of the most handy approaches to get Dirhams.
Major banks in Morocco are given UK debit and credit score playing cards, however take into account withdrawal rates.
4. Online Currency Exchange Services
Websites like Wise (previously TransferWise), Revolut, and FairFX provide aggressive rates with lower rates than banks.
Some structures permit forex conversion at interbank rate, making them a rate-powerful option.
5. Credit Cards and Digital Payments
Many agencies in Morocco are given Visa, Mastercard, and American Express.
Some virtual wallets like Apple Pay and Google Pay paintings in Morocco, however it’s far endorsed to usually bring coins in case card bills aren’t accepted.
Best Time to Exchange GBP to MAD
Factors to Consider:
Exchange Rate Trends:
Monitor GBP/MAD traits and change whilst the rate is favorable.
Use apps like XE Currency, OANDA, or CurrencyFair to music stay change rate.
Market Openings:
The Forex market functions 24/5 (Monday to Friday).
The satisfactory time for higher rate is through excessive marketplace liquidity hours (e.g., London and New York buying and selling hours).
Economic Announcements:
Major monetary occasions consisting of Bank of England rate decisions, UK GDP reports, and Moroccan inflation updates can affect rates.
GBP to MAD for Tourists Traveling to Morocco
What Are the Most Common Exchange Methods?
Exchange a few cash earlier than departure for instant expenses.
Use ATMs in Morocco for a higher change rate.
Credit playing cards are widely accepted, however coins are wanted in nearby markets, taxis, and small agencies.
Are There Any Currency Exchange Restrictions in Morocco?
The Moroccan Dirham (MAD) is a restrained forex, which means it can not be taken out of Morocco in huge quantities.
You can most effectively change a restricted quantity of MAD again to GBP whilst leaving Morocco.
Should You Exchange All Your Money Before You Travel?
No, it is satisfactory to exchange a small quantity and withdraw coins as hard to keep away from wearing huge sums.
Some exchange bureaus in Morocco provide higher rates than in the UK.
In summary
The GBP/MAD exchange rate as of February 20, 2025, displays a solid courting among the British Pound and the Moroccan Dirham, with minor fluctuations stimulated with the aid of using financial indicators, political events, and marketplace dynamics.
FAQs
What are the projections for the GBP/MAD exchange rate in 2025?
Forecasts advocate a slow appreciation of the Moroccan Dirham, with capacity rate achieving as much as 13.01 MAD in line with GBP with the aid of using September 2025.
How can I convert GBP to MAD?
You can use on-line foreign money converters or economic information websites that offer real-time exchange rates. For huge transactions, consulting economic establishments is advisable.
Where can I discover historic exchange rate records for GBP/MAD?
Websites like Exchange Rates UK and Pound Sterling Live provide historic exchange rate records.
To read more, click here
