Usually, travel money providers in France have high limits for a one shot MAD-EUR currency exchange. Or for any other travel money ypour wish to change to euros.
These maximum quantities are fixed by the french Central Bank. They have to do with the money laundering prevention regulations and KYC (Know Your Customer) obligations.
Nevertheless, these maximum quantities usually vary between the equivalent of dirhams marocains to 3,000 and 5,900 €, which is a lot more than what a tourist needs for their stay expenses.
There is no worse or better ocasion to convert dirhams to euros. All foreign currencies depreciate or appreciate all the time based on the other currencies they are matched with.
Therefore, when you are going to sell dirhams for euros, the best thing you can do is make a prior price comparison on Comparer Devise.
In France, holiday money providers and some banks are starting to offer online currency exchange services to their users when you sell dirhams du Maroc to euros online.
You only have to make an online dirham marocain to euro reservation. Then choose an office of the supplier where to pick the euros from. And the date you will go to the chosen agency.
Bear in mind that prices vary daily so it will be optimal to book online the same day you will go to the agency.
Currency exchange is a business like many others: you have individuals who sell and buy currencies like the dirham marocain in exchange for euros to/from a retailer (the one that sells/buys from us MADs).
If they do not stock enough number of MADs, they get them from a wholesaler business. The difference between what they have paid for the MADs and what they charge you when you buy them is the profit margin they make.
Nevertheless, in this currency exchange business, it may be the case that the bank or currency provider does not acquire the banknotes from an intermediary, but alternatively buys them from an individual flying to to France with MADs.
In this case, in addition to earning a profit for buying the dirham marocain notes from this traveller, they impose on you another margin when they sell you the currency. Double win!
Generally, to change dirhams du Maroc to euros, the European money laundering prevention regulations demand currency suppliers to know their customers (Know Your Customer (KYC)). This means that you will need to identify yourself as a buyer or seller with a a valid and current ID card (passport or resident´s identity card called, carte nationale d´identité).
To find out the best MAD-EUR exchange rate, we suggest you do a simulation on Comparer Devise.
You will see that a column appears in the result page that claims MAD-EUR exchange today.
Then examine the amount below for each currency supplier. As for banks, we show you an average rate, however acknowledge that virtually all of them in France impose, in addition to the rate, a fee of 2.5 to 3per cent normally, with a minimum of between 6 to 10 euros.
The exchange rate you obtain is known as the dirham marocain to euro direct exchange rate, and the higher that number is, the more Euros you will obtain for each ISO you hand in. Comparer Devise compares the exchange rates daily so that you acquire the best foreign exchange every day when you sell dirhams du Maroc to euros.
Foreign banknotes like the dirham marocain or the euro are exactly identical everywhere: currency providers at the airport, at the city center or your bank. If you seek for price, we help you find the best dirham marocain to euro exchange price of the day, free of charge.
If you are interested in trust, convenience and security, it is best to collect directly your euros in exchange for your dirhams MADs at a branch near your home, office or hotel. You can find these alternatives on this results page where you are now.
If you need to block the MADs to euro rate when you travel to France, Comparer Devise recommends you to make an online reservation on the website of the chosen holiday money provider.
Additionally, by doing so you avoid the possible commissions that some foreign currency suppliers in France impose on you by changing MADs for euros directly in one of their stores.
In France when you reserve online on your bank's website or App, you will still pay their travel money fee of around 2 to 3%, and you will pay at the exchange prices of the day of collection, not those of the day of the online booking.
Once your travels are over, you can change your remaining dirhams MADs at your closest of the different currency provider´s branches displayed on the Comparer Devise results page.
Then click/tap on the Sell your currency tab and look for your remaining currency and then fill in the quantity of dirham marocain banknotes you need to change. Please do not include loose coins, because these providers will not admit them.
In France you have three places where you can change dirhams MADs to euros. You will probably think first of your bank. Nevertheless, the banks all charge you an exchange rate to your dirhams MADs as well as a fee of 3%. This implies that, for example if you change the equivalent of 1000 euros from dirhams MADs to euros you will be charged a 30 euros commission.
alternatively, our other option might be the airport upon arrival to France. Yet, this channel is the most costly of all alternatives because the foreign exchange providers that work there, have to pay chunk of their earnings to the airport manager.
Foreign exchange providers that work out of the airport in France are the best option to change dirhams MADs to euros.