Best Exchange Bureau in Fes: New Town or Medina? (2026)

Fes is divided into two worlds: the New Town (modern district) and Fes el-Bali (the ancient Medina). Exchange rates vary significantly between these two areas. A savvy tourist can save up to 8% by choosing the right spot.

🏢 New Town: The Smart Choice

Avenue Hassan II and Boulevard Mohammed V in the New Town have Fes's best exchange bureaus. Like in Casablanca or Rabat, competition works in your favour.

• Best rates: Margins of only 2 to 4%, sometimes less for large amounts.
• Licensed bureaus: All provide official receipts, essential for reconverting your dirhams.
• Convenient: Close to banks, ATMs and modern shops.

🕌 Fes el-Bali (Medina): Convenient but Pricier

Inside the Medina, particularly around Bab Boujloud (the Blue Gate) and Place R'cif, you'll find exchange bureaus. They apply higher margins (5 to 8%) because they know tourists staying in riads don't want to travel far.

Our advice: If you're staying in a Medina riad, pass through the New Town on arrival. Exchange enough for 2-3 days, then top up if needed.

🛫 Fes-Saiss Airport: The Bare Minimum

Fes-Saiss Airport has a few exchange counters, but the rates are consistently the worst in the city. Exchange only what you need for the taxi (80-120 MAD to the centre).

💡 Special Tips for Fes

• Negotiate in dirhams in the souks: Fes artisans are known for charging higher prices if you pay in euros. Having dirhams gives you much better bargaining power.
• Avoid informal guides: Some "guides" will offer to take you to "the best money changer". They earn a commission, which is reflected in your rate.
• Keep your receipt: If you want to convert dirhams back to euros before leaving Morocco, the receipt is mandatory.

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