Where to Exchange Money in Morocco? Complete Guide (2026)

📍 The 5 Places to Exchange Money in Morocco

1. ✅ Authorised City Exchange Bureau (THE Best Choice)

By far the best option to exchange cash. Bureaus regulated by the Office des Changes are intensely competitive, pushing rates higher. Average spread: 0.5% to 1.5%.

• ✅ Best market rates
• ✅ No hidden commissions (usually)
• ✅ Fast service (5 minutes)

2. 🏦 Bank (Convenient but pricier)

Moroccan banks (CIH, Banque Populaire, Attijariwafa...) offer cash exchange. Their spread is noticeably higher: 2% to 4% on average.

3. ✈️ Airport (Avoid except for emergencies)

Exchange bureaus in airports (Mohammed V, Marrakech, Tanger) take advantage of your lack of alternatives. Spreads hit 8% to 15% — it's the worst place to exchange.

4. 🏨 Hotel / Riad (Emergencies only)

Very poor rates (5% to 10% margin). Avoid for large amounts.

5. ❌ Black Market / Informal (ILLEGAL)

You may be approached in the medina for "black market" exchange. It is strictly illegal in Morocco. You risk fake notes, terrible real rates, and fines.

🗺️ Where to exchange by city?

📝 Checklist Before Exchanging

1. Check official rates on Deviz.ma.
2. Bring large bills (€50, €100, €200) for a better rate.
3. Ask for the NET rate before handing over your cash.
4. Count your dirhams at the counter, never after leaving.
5. Keep the receipt — it's mandatory and needed if you want to reconvert leftover dirhams.