Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 88.5% of Spain to Morocco searches, and was the top rated company out of 7 that support EUR to MAD.
So for a great mix of cost, speed & features, make your Spain to Morocco transfer using Wise.
How to get the best deal on your Spain to Morocco transfer
Important things to consider before sending money from Spain to Morocco
Don't settle for the first option. Always compare ways to send money from Spain to Morocco to find out about fees, speed, and reliability.
Our analysis included 7 providers that operate between Spain and Morocco.
Through this, you get a comprehensive view of all the options you have in Spain when you need to send money to Morocco.
Cheapest way to send money to Morocco from Spain: XE
Data collected over the past six months show that XE is 0.8% cheaper than the second-best option.
The €0.22 transfer cost represents the most common fee for EUR to MAD international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Morocco transfer, make sure you pick XE to send your money online.
*The most common fee applied to EUR-MAD by XE, based on data from the past six months.
Fastest way to send money from Spain to Morocco: TransferGo
Our data shows that TransferGo came up as the fastest way to send money from Spain to Morocco in 57.4% of searches. This makes them well suited to urgent EUR to MAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Spain to Morocco - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, TransferGo is your best choice at the moment. This service emerged as the quickest way to send money to Morocco from Spain in 57.4% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send EUR from Spain to Morocco, it’s the provider that will keep you safe and relaxed while your money moves into MAD.
Understanding the costs involved when moving money from Spain to Morocco
When calculating the costs of money transfers between Spain and Morocco, here's what really matters:
The Mid-Market Rate: Today, the EUR-MAD mid-market rate equals to 10.782278 MAD per Euro. Keep in mind that this rate fluctuates all the time.
The EUR-MAD average exchange rate of the past three months has been 10.9203 MAD per Euro, with a high of 11.2105 and a low of 10.7385.
Fees and Markups: That's where Wise shines, combining the best of both worlds: excellent EUR to MAD rates that are only 0.01% away from the average.
How to find the best exchange rate for Euro to Moroccan Dirham
Timing is essential sending money between EUR and MAD. The exchange rate you secure impacts how much MAD you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to MAD has seen some fluctuation. On average, it stood at 10.9203.
During this period, the highest value recorded was 11.2105, while the lowest was 10.7385.
Wise, which is our recommended service to send money online from Spain to Morocco offers an exchange rate that is only 0.07% 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!
Payment methods available to fund your Spain to Morocco transfer
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.
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.