Current ZAR-MAD mid-market exchange rate

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Today's ZAR-MAD commentary

The current ZAR-MAD interbank rate is today near its minimal value of the last two weeks. Its lowest value observed during the last 14 days was ZAR 1 = MAD 0.7585 (only 0.17% less than its actual value of ZAR 1 = MAD 0.7597),. The strong contrast between the actual low level of the ZAR-MAD and the maximal value (ZAR 1 = MAD 0.7821) observed during the past fourteen days means that sending 3,500 ZAR today converts to approximately 78 MAD less than if you had sent your money at the best time of the past 14 days.

ZAR Profile

Name: South African rand

Symbol: R

Minor Unit: 1/100 Cent

Central Bank: South African Reserve Bank

Country(ies): Lesotho, Namibia, South Africa

Rank in the most traded currencies: #20

MAD Profile

Name: Moroccan dirham


Minor Unit: 1/100 Santim

Central Bank: Bank Al-Maghrib

Country(ies): Morocco