8.81775 Moroccan Dirhams
The latest on GBP to USD exchange rates One British pound currently exchanges at a rate of 1.3258 USD.
Morocco is still a cash based economy. Euros and ( US and CAD – not Australian) dollars are always accepted in Morocco and you will save time bringing cash to convert, doing away with bank lineups or non-active cash machines to acquire dirhams. You can also use your debit card at bank machines.
Currency Import regulations: – tolerated: Foreign currencies: no limit. Amounts exceeding the equivalent of MAD 100,000. – must be declared on arrival.
Morocco is a country with a big wealth gap. Haggling and negotiating over the price is an integral part of the Moroccan market experience. However, Morocco is still relatively cheap for many things and can be considered a budget destination if you bear these points in mind.
Cost of Living in Morocco
|Domestic Beer (1 pint draught)||30.00MAD|
|Imported Beer (12 oz small bottle)||35.00MAD|
|Coke /Pepsi (12 oz small bottle)||5.50MAD|
In nominal terms, £1 is worth more than $1. So at face value, the British Pound is stronger than the US Dollar . However, the value of one currency compared to another is not a true indicator of strength, wealth or power. A better way to measure a currency’s strength is through its relative movement over time.
1. Kuwaiti Dinar (KWD)- Highest Currency Value in the World
|Sr.No.||Highest Currency in the World||Value of|
|10||United States Dollar||1 USD|
|9||Swiss Franc||1 CHF|
|8||Cayman Island Dollar||1 KYD|
If you choose the skirt option, just be aware that most Moroccan women will not be wearing short skirts. Maxi dresses and maxi skirts are a great way to keep cool, but you might want to put a scarf around your shoulders if they are bare for both modesty and the sun.
You’ll need to carry some cash with you. Many riads accept payment in euros, but often at less preferential rates than you can get at the bank.
Tipping in Morocco If you don’t receive good service then don’t tip and if you get great service give more than 10%. In taxis , just round up to the nearest 5 dirhams, e.g. if the taxi meter says 17, pay 20. Hotel maids are poorly paid, so if you have had fresh towels and your room cleaned then do leave a decent tip .
How much money will you need for your trip to Morocco ? You should plan to spend around MAD395 ($44) per day on your vacation in Morocco , which is the average daily price based on the expenses of other visitors.
You can use credit and debit card in towns and tourist areas in Morocco . Visa and Mastercard are most widely accepted. If you usually use an Amex card , you’ll need to take an alternative card or carry enough cash for your trip, as you may not be able to find an ATM to withdraw cash easily.
The dirham is considered to be a closed currency, which means it can only be bought once you arrive in Morocco . Moroccan legislation rules that it is technically illegal to bring Moroccan currency into the country from another country. Although this law is mainly aimed at business travelers, it applies to tourists too.