Exchange Rate in Morocco
Morocco - Exchange Rate
In Q2, the country saw steep growth, amid across-the-board improvements in private and public consumption and fixed capital investment, while exports grew more sharply than imports. Looking at GDP by industry, a bumper harvest after 2020’s drought supported agricultural output, while manufacturing output was also up notably. Nonetheless, the buoyant Q2 readings were driven largely by a base effect. Underlying activity likely remained burdened by Covid-19 restrictions which, although loosened in May, remained tough through the quarter. Turning to Q3, Covid-19 cases increased sharply in July and restrictions were tightened in August, though the accelerating vaccination program sounds a positive note going forward. On 8 September polls open for elections to parliament. The country’s election rules make a strong majority government unlikely, meaning a likely continuation of the status quo.Morocco - Exchange Rate Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Exchange Rate (vs USD) | 9.92 | 10.12 | 9.35 | 9.57 | 9.56 |
Morocco Exchange Rate Chart
Source: Thomson Reuters.
Morocco Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.02 | 0.0 % | Dec 31 |
| Exchange Rate | 9.56 | -0.29 % | Dec 31 |
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