CIH Rate vs Exchange Bureaus: Who Offers the Best Rate?

CIH (and other banks like BP, Attijariwafa, BMCE) offer reliable exchange services. However, for cash operations (banknotes), banks often apply less flexible rates than specialised exchange bureaus.

Bank vs Exchange Bureau: The Showdown

• Banks (CIH, etc.): Convenient if you're already a customer. Secure. But often with limited hours and sometimes queues. CIH's euro dirham exchange rate is generally aligned with the interbank market plus a standard margin.
• Exchange Bureaus: Often open later and on weekends. More competition = often more aggressive rates to attract clients. No processing fees for manual exchange.

Conclusion: Who Wins?

For international transfers, banks remain essential. But for exchanging cash (banknotes), comparing bank vs exchange bureau rates often favours the exchange bureau, especially for medium-sized amounts.