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Frequently Asked Questions (FAQs) EUR-MAD

Where to obtain and where not to acquire dirhams from Morocco in France Abrir Respuesta

Where you are never advised in doing a euro to Moroccan Dirhams currency exchange is at the airport. As with the bottle of water at the price of gold, the airport manager and the airport currency supplier, share the benefits of your exchange at the airport. Have in mind that, the more players that intervene in the travle money game the higher the rates to apply to consumers.

Practically all French banks impose on you a 3% fee, with a minimum (whichever is higher) quantity between 6 and 10 euros.

I have exchanged Euros to MADs, what can I do with my remaining MADs when I return to France? Abrir Respuesta

After your trip, you can change your remaining currency, only banknotes, never loose coins, (MADs in this case) at your bank or your closest travel money supplier.

Find out the Moroccan Dirhams to Euro prices first and do a comparison on Comparer Devise to find out the better location. Bear in mind that your bank will impose on you, another time, a fee near to 3% with a minimum of six to nine Euros (the greater of the two).

How will I find the best euro to Moroccan Dirhams exchange rate today? Abrir Respuesta

Getting to know the best exchange rate for the euro with respect to the dirhams from Morocco today in France, is easy.

Firstly, we advise you to not belive in the rates of the currency converters you see on the Internet. These prices are for foerign currency but not for banknotes. In addition, they are restricted to banks. The rates you give out as an individual are less appealling.

The second thing you should do is look at the direct euro to Moroccan Dirhams exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that varies constantly).

The higher that number is, the more dirhams from Morocco you will be handed out for every Euro you bring.

Therefore, the best exchange rate will be the higher exchange rate. Comparer Devise makes it easy for you to obtain the best euro to Moroccan Dirhams exchange rate. Our results page shows Moroccan Dirhams offers from highest to lowest rate of the day in various currency providers, banks and airports in France.

Is the online purchase of dirhams safe in France? Abrir Respuesta

In France, travel money providers and some banks are starting to propose online currency exchange services to their users with 3 delivery options:

  • a) buy now and pay now online and get the currency at home/the office or withdraw it from a store of the courier company (Correos, MRW, Seur, Nacex, etc.). Some of them will permit you to pay cash on delivery when you will be delivered the order in hand.
  • b) do an online reservation for dirhams. Afterwards choose a branch of the supplier where to pick it up from (prior online payment with a card).
  • c) do a reservation for dirhams. Then select an office near your home or work where to pick up and pay. In this modality, the price you pay for your currency may be sometimes that of the day you made the online reservation, and in others, the price the day you go to the office of the holiday money supplier.

Opt for the alternative that better suits you. Comparer Devise makes it easy for you to compare.

How does the euro to Moroccan Dirhams currency exchange work? Abrir Respuesta

The Euro-Moroccan Dirhams exchange rate is rather easy to understand. As in all markets, you can find wholesale companies as well as retailers.

Banks and currency suppliers are retail businesses that buy from currency wholesalers the banknotes they plan to offer to individuals at the wholesale exchange rate (interbank exchange rate) and add their working margin.

They then sell those banknotes to individuals at their selling price of the day, earning that margin.

For example, if you want to get dirhams MAD, you go to a bank or currency supplier and pay the sale rate of the day they advertise. Such price already incorporates a profit margin for the currency provider.

Is it recommendable to make an online purchase or reservation of dirhams from Morocco in France? Abrir Respuesta

Absolutely. If you want to ensure the Euro to Moroccan Dirhams price you see on our result page. And also if you need to make sure that the foreign currency provider won´t impose on you a fee.

In France there are some travel money providers with a bad reputation who charge their customers a remarkable commission when acquiring dirhams from Morocco directly from their branches without having previously ordered on their Internet site.

When is the best moment to order dirhams? Abrir Respuesta

There is no worse or better ocasion to convert euros to dirhams. All currencies appreciate or depreciate each day based on the other foreign currencies they are compared with.

For that reason, if you intend buying dirhams, the best thing you can do is make a preceding price comparison on Comparer Devise.

Is there a ceiling of MADs that I can order online in France? Abrir Respuesta

Usually, tourists change around six hundred € to MADs in France. If, for any reason, you have to order MADs for more than five thousand €, it is recommenden to contact your supplier or bank. Firstly to get a cheaper Euro to Moroccan Dirhams exchange rate than the one you see in Comparer Devise. Second to confirm that they are authorized to sell to you with the amount of personal data they know about you.

Where can I buy MADs in France? Abrir Respuesta

In France you can acquire MADs primarily at your bank or at the currency suppliers. As a rule of thumb banks impose on you a fixed commission ranging between 2.5% and 3% with a minimum of 6 to 10 euros for each currency. This applies when you get currency and when you offer your surplus to euros. This means that if you convert 100 euros to MADs, additionally to the euro to Moroccan Dirhams exchange rate of the day, you will be charged between 6 and 10 additional euros. Currency providers that advertise no commission are more interesting since they do not impose you this commission.

Comparer Devise shows you the euro to Moroccan Dirhams exchange prices of the day and displays them from most to least interesting so that you can choose well where to buy obtain MADs.

Do I have to provide any kind of identity card to purchase MADs? Abrir Respuesta

The common thing is that the holiday money provider where you will buy your MADs will ask you to show an updated and valid identity card (passport or resident´s identity card called carte nationale d´identité in France). Take into account that the driver's ID is not normally accepted as a valid document.

Contrarily banks will not usually request any documentation from their customers who buy MADs for they already identified them when they opened an account with them.

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