Should I exchange money before I travel to Morocco?

Should I exchange money before I travel to Morocco?

If you’re planning a trip to Morocco, one of the questions that may come to mind is whether you should exchange money before your trip. The answer to this question is a bit nuanced and depends on a few factors. Morocco’s official currency is the Moroccan dirham (MAD), and it’s not widely available outside the country. So, it’s a good idea to have some dirhams in your possession before you arrive. However, exchanging a large sum of money before your trip may not be the best option, as you may end up paying hefty exchange fees and receiving a less favorable exchange rate. It’s often best to exchange a small amount of money before your trip, then use ATMs or currency exchange services in Morocco to obtain more dirhams as needed. This way, you can avoid excessive fees and ensure you’re getting the best exchange rate.

FAQs about exchanging money before traveling to Morocco

1. Where can I exchange money before traveling to Morocco?

Before your trip, you can exchange money at your local bank or a currency exchange service. Keep in mind that not all banks carry Moroccan dirhams, so it’s a good idea to call ahead and ask if they have the currency available.

2. What denominations are the Moroccan dirhams available in?

Moroccan dirhams are available in banknotes in denominations of 20, 50, 100, and 200, as well as coins in denominations of 1, 2, 5, and 10.

3. Are credit cards widely accepted in Morocco?

Credit cards are accepted in many tourist areas and upscale establishments in Morocco, but it’s a good idea to carry cash for smaller purchases and when visiting more local or rural areas.

4. Is it better to exchange money at the airport or in the city?

Exchanging money at the airport may be convenient, but you’re likely to get a less favorable exchange rate and may have to pay higher fees. It’s often better to exchange money in the city at a bank or currency exchange service for a better rate.

5. Can I use US dollars or euros in Morocco?

While some tourist establishments may accept US dollars or euros, it’s best to use Moroccan dirhams for most transactions to avoid unfavorable exchange rates.

6. Are there ATMs available in Morocco?

ATMs are widely available in major cities and tourist areas in Morocco, making it convenient to withdraw Moroccan dirhams as needed. However, be mindful of potential fees and exchange rates when using ATMs.

7. How much money should I exchange before traveling to Morocco?

It’s a good idea to exchange a small amount of money before your trip for immediate expenses, then rely on ATMs and currency exchange services in Morocco for larger sums as needed.

8. Can I exchange money at my hotel in Morocco?

Some hotels may offer currency exchange services, but the rates and fees may not be as favorable as those offered by banks or dedicated currency exchange services.

9. What are the exchange rates like in Morocco?

Exchange rates in Morocco can vary, so it’s a good idea to compare rates at different currency exchange services to ensure you’re getting the best deal.

10. Are there any restrictions on bringing Moroccan dirhams into or out of the country?

There are no restrictions on bringing Moroccan dirhams into or out of the country. However, you’re required to declare any amount exceeding 100,000 dirhams upon entry or exit.

11. Are there any alternative payment methods to consider in Morocco?

In addition to cash, some establishments in Morocco may accept mobile payment services or traveler’s checks, but it’s best to have cash on hand for most transactions.

12. What should I do with any leftover Moroccan dirhams upon leaving the country?

Before departing Morocco, you can exchange your leftover dirhams for your preferred currency at a bank or currency exchange service. Keep in mind that exchange rates may vary, so it’s best to shop around for the best deal.