MoneyTransfers

How to send money to Morocco from Spain with the best EUR-MAD rate

Find money transfer deals for sending money from Spain to Morocco. Compare the cheapest, fastest, and most reliable providers with the best EUR to MAD exchange rates.

Read on for the best deals, expert information, and easiest ways to send money to Morocco from Spain.

Transferring the other way? Send MAD from Morocco to Spain instead.
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July 7th, 2025
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Best money transfer companies

Send money from Spain to Morocco

Last updated: Today
Mid-market rate as of 07/07/2025: 1 EUR = 10.572174 MAD
Results below are based on a 7000 EUR search
0 of 14 providers
Sponsored
Wise
Recipient gets (MAD)
MAD 72,500.85
Full transfer details
Visit Wise
MAD 716 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MAD)
MAD 73,113.60
Full transfer details
Visit Xe
MAD 1,329 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
Live Rates
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Exclusive: Special Rate for 1st Transfer
1
Key Currency
Recipient gets (MAD)
MAD 73,820.20
Full transfer details
Visit Key Currency
MAD 2,035 better than a typical bank*

"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."

Personal account manager
Multi-currency card
Receive to bank account
Exclusive: First Transfer Deal
2
Regency FX
Recipient gets (MAD)
MAD 73,805.40
Full transfer details
Visit Regency FX
MAD 2,020 better than a typical bank*

"Regency's UK-based account management team has vast experience. Get support on all kinds of transfers, from overseas property transactions to business payments & more."

Personal account manager
Multi-currency card
Receive to bank account
Professional, personal service
Rate match guarantee (T&Cs apply)
3
TorFx
Recipient gets (MAD)
MAD 73,783.20
Full transfer details
Visit TorFx
MAD 1,998 better than a typical bank*

"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation conversations & no max transfer limit."

Personal account manager
Multi-currency card
Receive to bank account
Ideal for buying property abroad
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
4
Xe
Recipient gets (MAD)
MAD 73,113.60
Full transfer details
Visit Xe
MAD 1,329 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions
5
Remitly
Recipient gets (MAD)
MAD 72,870.00
Full transfer details
Visit Remitly
MAD 1,085 better than a typical bank*

"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."

Personal account manager
Multi-currency card
Receive to bank account or cash pickup
6
Wise
Recipient gets (MAD)
MAD 72,500.85
Full transfer details
Visit Wise
MAD 716 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Mid-market rate updates every 60 minutes
Estimated Rates
We don't have access to live rates from these companies. Instead, we've researched their average exchange rates and fees.
Panda Remit
Recipient gets (MAD)
MAD 73,741.04
Not Recommended
These providers aren't as competitive as the others we've reviewed.
  • PayPal
    PayPal
    Recipient gets (MAD)
    MAD 68,132.16
    Not recommended
Sponsored
Wise
Recipient gets (MAD)
MAD 72,500.85
Full transfer details
Visit Wise
MAD 716 better than a typical bank*

"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for large transfers
Sponsored
Receive a £/$/€25 gift card when you refer a friend! (T&Cs apply)
Xe
Recipient gets (MAD)
MAD 73,113.60
Full transfer details
Visit Xe
MAD 1,329 better than a typical bank*

"Xe has over 30 years of currency exchange experience, and is one of the most reputable names on the market. 200 countries, 100 currencies, & funds often received in seconds."

Personal account manager
Multi-currency card
Receive to bank account
Dedicated support for larger transactions

Overall best option: Wise

Wise is our recommended company for sending money to Morocco from EUR.

Of the 14 companies that support EUR to MAD, Wise offered the best combination of cost and speed.

Sending 7,000 EUR to MAD will cost you €146.59 in fees, and you will receive 72,500.85 MAD.

So for a great mix of cost, speed & features, send Euros to Morocco using Wise.

Wise is the top rated company for sending money from Spain (EUR) to Morocco (MAD) - Wise Screenshot

How to compare deals on your Spain to Morocco transfer

Summary of recent searches

Top rated for transfers from Spain to Morocco
Wise
Total number of ES - MA providers
14
Average cheapest fees & rate
Key Currency
Average fastest transfer
Regency FX
Average transfer time
Within minutes
Best for bank transfers
Key Currency
Best for debit card
Xe

Understanding Spain to Morocco money transfers

1
Comparing providers

Comparing providers when sending money from Spain to Morocco is the easiest way to make a transfer at the best price.

We’ve compared 14 providers for sending Euro to Morocco. This ensures you will get the best options for your transfer to Morocco from Spain.

We rate Wise as the best overall, but comparing gives you a comprehensive view of all the options for transferring money from Spain to Morocco.

2
Get ahead of the Euro-Moroccan Dirham exchange rate
3
Choosing the right payment method
4
Financial regulators in Spain and Morocco
5
Consider transfer limits
6
Receiving money in Morocco
7
Have your ID ready
8
Tax declarations

Cheapest way to send money to Morocco from Spain: Key Currency

Of the 14 providers compared, Key Currency is the cheapest option for sending money right now.

The cost is a combination of a fee of 0 EUR and an exchange rate for converting Euro to Moroccan Dirham that is 0.25% different to the mid-market rate.

We found that Key Currency is 0.02% cheaper than the second-best option.

We would recommend Key Currency for low cost, affordable transfers from Moroccan Dirhams to Morocco.

Key Currency is the cheapest way to send money from Spain (EUR) to Morocco (MAD) - Key Currency Screenshot

Fastest money transfers to Morocco from Spain: Regency FX.

We tested 14 companies offering transfers from Euro to Morocco and Regency FX offered the quickest options.

For example, the transfer time for sending €7,000 to Morocco with Regency FX is minutos - 24 horas.

But, it can be quicker or longer depending on the exact amount, as well as the day and time of your transfer.

Money transfers from Spain to Morocco through Regency FX have a fee of 0 EUR.

To confirm that Regency FX was the 'fastest' option we compared 14 money transfer providers for the overall speed of sending money from Spain to Morocco. This was made up of depositing Euro to a money transfer account and transfer times to Morocco.

When sending quickly is a priority, Regency FX is our recommended choice for sending into Morocco from Spain.

Send large sums of money

Transferring bigger amounts of money from Spain to Morocco should be done with the exchange rate and management of the service in mind.

Wise offers the strongest all round option for large transfers of the
14 money transfer companies compared.

Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Moroccan Dirham to Moroccan Dirham.

As such, opt for Wise for sending large sums of money to Morocco from Spain.

Understanding the cost of moving money from Spain to Morocco

The total cost of sending money to Morocco from Spain, is made-up of a combination of fees and exchange rates. Sending with a company that can offer a good deal on both ensures a good deal on your transfer.

The Mid-Market and Exchange Rates: Currently, the mid-market for EUR-MAD is 10.5695 MAD per Euro.

  • Finding a company offering an exchange rate closer to this will mean more Moroccan Dirham for your Euro.

  • The average EUR-MAD mid-market rate for the last 7 days has been 10.5765 MAD per Euro. This includes a high of 10.5838, and low of 10.5722.

  • Out of the 14 companies compared, Wise offers the best exchange rates.

  • The exchange rate you receive on converting EUR to MAD should be the biggest determining cost factor when transferring Euro to Morocco.

Fees: Transfer fees may have to be paid alongside the transfer, either as a set fee or a percentage of the transfer. Key Currency has a fee of 0 EUR per transfer (which is the cheapest option right now for a €7,000 transfer).

Although you should search for your send amount for actual fees.

Amount Received: Money transfer companies will show you the amount of Moroccan Dirham eventually received in Morocco.

A lower cost of sending from Spain will result in more money received in Morocco.

How to find the best exchange rate for Euro to Moroccan Dirham

Timing is essential for sending money between EUR and MAD. The exchange rate you secure impacts how much MAD you get for your EUR.

Mid-market Rate
1 
=
10.569521 
MAD

Let's dive into some interesting recent trends.

  • Over the past week, the exchange rate from EUR to MAD has seen some fluctuation. On average, it stood at 10.5765.

  • During this period, the highest value recorded was 10.5838, while the lowest was 10.5722.

  • Wise, which is our recommended service to send money online from Spain to Morocco offers an exchange rate that is only -0.06% above the mid-market rate.

Want to secure the best EUR-Moroccan Dirham exchange rates?

Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Spain to Morocco!

Funding your Spain to
Morocco transfer

  • Bank transfers

    The default option for sending money from Spain to Morocco is often a bank transfer.

    Using a money transfer company, such as Key Currency for transfers from Spain to Morocco, allows for sending via a bank transfer while benefitting from lower fees and more favorable exchange rates. 


    From the 14 we tested, the cheapest provider for bank transfers from EUR to Morocco is Key Currency.

    With a fee of EUR0 to send money from Spain to Morocco, Key Currency offers a great combination of competitive exchange rates and lower fees.


  • Prepaid and debit cards

    Sending money from Spain to Morocco with a prepaid or debit card is easy with Wise.


    Wise is a leader in accepting card payments for transfers between Spain and Morocco.

  • Credit cards

    When it comes to international credit card transfers from Spain to Morocco, we recommend comparing your options to get the best deal.

    Fee alert: using a credit card to transfer money can mean a fee being charged by your card issuer. We recommend bank transfer or debit card instead.

How we analyze the market

We track the cost, speed, and product offerings of the leading money transfer services available between Morocco and Spain.


Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.

We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.

This thorough analysis helps you get the best available deal - every time you want to move money from Spain to Morocco.


We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to MAD.


For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.

Money transfer company reviews

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What is the best exchange rate I can get for sending money from Spain to Morocco?
Are there any minimum or maximum transfer amounts for sending money from Spain to Morocco?
Can I schedule regular transfers between Spain and Morocco?

Contributors

Keith Hodges
Keith is an experienced Content Specialist with a rich background in both marketing and journalism within the financial sector. At MoneyTransfers.com, Keith plays a pivotal role in driving the business forward and broadening its reach in various international money transfer markets. His expertise is a key factor in the company's expansion and success.
Luke Eales
Luke is CEO at MoneyTransfers.com, with 10 years' experience building consumer products in finance, insurance & travel. Luke focuses on the payments sector and foreign exchange markets, as well as personal finance more broadly.
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