What Are the Best Places to Buy Euros in Marrakech?

The official currency of Morocco is the Moroccan Dirham, abbreviated as Dh. Its identification code is MAD (Moroccan Dirham). Each dirham can be divided into 100 Santimats. Usually the exchange is favourable if you have euros.

Moroccan banknotes     

In Marrakech, you will find several banknotes in different shades of green. The banknote’s cuts are: 20, 50, 100 and 200 Dirhams. You will find also different coin’s cuts, called Santimats, from: 5, 10, 20 and 0,5 and 1, 2, 5 and 10.

In this historical moment, however, it must be said that the 1 Santimat’s coin is not minted, so probably you won’t see it.

Each cut of the banknotes has a different color, with images of monuments and landscapes of Morocco. You may come across slightly different banknotes of the same cut, as there are several series in circulation at the same time.

If you want to change your money from Euro to Dh or to buy Euros, you will have the opportunity to do it thanks to the numerous banks you can easily  find in the central square of the city.

If you want to make payments with a credit card, there are no problems: all credit cards are widely accepted, the maximum commission applied is 3%.

1 euro, corresponds to around 11 Dirhams and you will realize that it is really easy to learn to use them, both in the markets and in the lanes of the city, where everything has a commercial flavor and even the flavors will seem more exotic.

Furthermore, knowing the Moroccan currency surely will help you when you need to buy euros.

Where you can change money? What are the best places to buy euros?

As we said, you will have no difficulties paying with your credit card. You will be able to take advantage of a very low commission using credit cards (3%):you can also use a smartphone application to do your purchases. And you need to know that you have also the chance to pay in euros or dollars for most commercial activities, with a small commission, that’s why we recommend you to pay with Dirhams.

If you want to buy euros in Marrakech, there are different methods. We would like to let you know about it in this little guide, so you will have no difficulties and you will live your experience in Marrakech at best.

Surely the best places to change your Dirhams, are the offices in Jamaa el Fna Square at Hotel Chez Ali. You will also find the best and safest banks, with the most advantageous rates. The official locations are always the best for changes and you will avoid unpleasant surprises. The most famous banks from which you can withdraw are: BMCE (Banque Marocaine du Commerce Extèrieur), Sociètè Generale and Attijariwafa Bank, BMCI (Banque Marocaine pour le Commerce et l’Industrie). These banks are very reliable and you will feel comfortable for their efficiency and speed in all the operations.

The worst Currency exchange services with the worst exchange rates can be found at airports or hotels. In the airports of the main cities including Marrakech there are several exchange offices and buy euros, so if you are coming back from your vacation and want to buy back the euros, you will have the chance to choose the cheapest rate for you.

It’s the same for hotels, obviously they offer you a good service because they do something for you but let’s face it: often the commissions are much higher.

Our advice is to pay attention to the average market rate, so you can check the exchange rate it offers.

The average market rate is the real exchange rate and the difference is a real gain for exchange offices and therefore it’s up to you to choose the best one.

To compare the rates offered, our advice is to go to professionals and read our guides first, so you will understand how life in Marrakech works and how you can best organize your vacation, perhaps saving a little money,and use it for buying what you prefer

In case you want to use our services, contact us and we will be happy to help you in choosing the right place.We will also be happy to lead you and accompany you with our comfortable taxi service.

We also remind you that it isn’t possible to take the Dirham out of Morocco, which is the reason why,we advise you to change your Dirhams and buy back euros, before leaving Morocco.