Sending money to Morocco is easy and simple, just like sending money to any other place in the world. There are plenty of great methods available to you. If you are looking for speed, there are fewer options, but money transfers to Morocco can be very cheap.
The current exchange rate for the Moroccan Dirham (MAD) is 9.6525 MAD per American Dollar (USD) as of the time this was written. The MAD reached a high of 9.7639 MAD per USD and a low of 9.4818 MAD per USD during the last 90 days. The average currency exchange rate was 9.6520 MAD per USD for the last 90 days.
The average volatility rate of the MAD against the USD was 0.19% over the course of the last 90 days. This is a pretty low volatility rate, and the MAD has fluctuated only moderately over the course of the last year. You can reasonably expect only small fluctuations to continue going forward, barring any unforeseen circumstances.
The fastest way to send money online to Morocco is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, you can expect your money to reach its Moroccan destination in a matter of minutes. Furthermore, Ria Money Transfer offers some of the most competitive rates on the market for both their fast and slow options. You simply end up getting a better deal with Ria Money Transfer, as they are cheaper than most of their slower competition.
If you are looking for a slightly better deal which values speed at an even more affordable price, try using WorldRemit. With WorldRemit, you pay less than you would with Ria Money Transfer’s fast option. The transfer time with WorldRemit should be less than 24 hours at any given moment.
The cheapest way to send money online to Morocco is through OFX. With OFX, you do need to send a minimal amount of money with each transfer. If you are fine sending the minimal transfer required by OFX, then you will end up saving huge sums of money. OFX charges its customers on a sliding scale depending on how much money they are sending. The more money you send at once through OFX, the better deal you get.
If you can’t abide by the minimal transfers enforced by OFX, TransferWise is similarly cheap for smaller transactions.
The easiest way to send funds to Morocco is through TransferWise. With TransferWise, you only need to complete a few simple steps before your money is sent to Morocco. First, you need to tap in an amount of money and a destination. After that, you just need to pay TransferWise for the transaction, and your money will be in Morocco in a day or two.
TransferWise is also the overall best way to transfer money online to Morocco. TransferWise is the best because they offer the best overall deal when it comes to sending funds to Morocco. TransferWise offers prices that are very difficult to beat (only OFX is cheaper), and it only takes them a day or two to complete your transfer. When you add all this to the fact that TransferWise is so simple to use, it is clear that TransferWise is the best way to send funds online to Morocco.