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Exchange rate

london
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Exchange rate

Hello

I am leaving tomorrow and will get money from a cash point while I am there.

Does anyone know the exchange rate from the cash points in the square (I want to write a little table of dirhams to pounds so I can use it as a quick guide in the souks).

Thank you

Castril De La Pena...
Destination Expert
for Morocco
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9,393 posts
61 reviews
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1. Re: Exchange rate

Mental arithmetic. Roughly speaking 1dh=8p, £1 = 12dh. So 50dh = £4.

Bear in mind when negotiating that Moroccan wages are really low, 100dh/day for manual workers, 50dh/day for disadvantaged women. So ask yourself did it really take that long to make? And would a low earning Moroccan pay what's being asked?

Marrakech, Morocco
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2. Re: Exchange rate

Actually fourteen dirhams to the £ today, not twelve.

Castril De La Pena...
Destination Expert
for Morocco
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9,393 posts
61 reviews
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3. Re: Exchange rate

Yes, but I was trying to make it easy.

Most people know their 8 and 12 times table (I hope).

Edited: 26 July 2012, 18:18
London, United...
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4. Re: Exchange rate

Pocket Guide for 26 July 2012

GB - £ ↓ £1 £5 £10 £50 £100 £250

MAD 14.04 70.21 140.42 702.11 1404.22 3510.56

GB - £ £500

MAD 7021.11

MAD↓ 50 100 250 500 1000 5000

GB - £ £3.56 £7.12 £17.8 £35.61 £71.21 £365.07

MAD 10,000

GB- £ £712.14

Hope this is helpful!

5. Re: Exchange rate

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Removed on: 26 July 2012, 20:35
London, United...
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6. Re: Exchange rate

Apologies if it didn't come out properly.

It gives exact break down of current rates.

Like you say 14 DH =£1,

70 DH = £5,

140 DH = £10,

702 DH = £50,

1404 DH = £100,

3510 DH = £250,

7021 = £500.

similarly:

50 DH = £3.50

100 DH = £7.12

250 DH = £17.80

You might be a retired teacher and I am currently in the profession. Please don't treat people like idiots! I am sure if people look at the information carefully they can work out the rates!

Marrakech, Morocco
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4,324 posts
55 reviews
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7. Re: Exchange rate

So why was my post removed?

See

http://www.xe.com/ucc/

for current exchange rates.

London, United...
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63 posts
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8. Re: Exchange rate

Xe is not relevant when changing money on holiday in another city . What's relevant is what you actually get in exchange or from AMT .it is always better to change cash and the best rate is always at the hotel Ali near the square

Edited: 27 July 2012, 07:26
Marrakech, Morocco
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4,324 posts
55 reviews
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9. Re: Exchange rate

Rubbish. What is a AMT? Oh, I see - you meant ATM. Refer to

tripadvisor.com/Travel-g293730-s601/Morocco:…

for proper advice.

Manchester, United...
Destination Expert
for Morocco
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5,390 posts
11 reviews
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10. Re: Exchange rate

Pilobolus2011 - what was your post? I missed it as I was at a meeting at that time.

An ATM receipt will only indicate what has been issued in Dirhams, it will not show exchange rates. These will only be shown on your card issuers statements when you receive this (by post or online).

Whilst in Morocco, you will only be see exact exchange rates in any of the money change outlets, Bureau de Change or in banks..

You can only withdraw amounts from an ATM in Dirhams. The display will show amounts such as 200Dh, 1000Dh, 2000Dh etc and will not give the option of withdrawing, say, £50 or $100 worth in local currency.

For the record, xe.com is a very useful tool for getting an idea of what the current exchange rates are although obvioulsy these may vary slightly once you arrive in Morocco.

ps - thanks for mentioning the link above, I'm so proud of his contribution!

Edited: 27 July 2012, 09:26