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Moroccan currency

Discussion in 'Morocco Property' started by tony ben, Jul 1, 2008.

  1. tony ben

    tony ben New Member

    The Moroccan currency seems to be doing better then GBP, what way do you all think this will go for the next couple of years.

    My friends in downing street are saying we all all doomed:eek:
     
  2. renterstoolkit

    renterstoolkit New Member

    prediction for 2010:
    - USD = 1.2 EURO (USD gains 20% against EUR)
    - GBP stays flat vs EUR
    - morroccan currency appreciates 20% against EUR and GBP
    Reason for this is investment in Morrocco will force rate up and if USD appreciates, they will have to follow suit. USD will appreciate only because EUR and GBP will start depreciating due to Europeand and England central Banks not doing enough for economy - only look at inflation which shall not be main indicator for economy
     
  3. Isadora

    Isadora New Member

    Where did you get this information?
    The Moroccan dirham is pegged to the euro, it fluctuates around €1=MAD10, however unlike the other currencies that fluctuate, the Moroccan dirham does not have an official fluctuation band.
    This has been the position since 1 Jan 1999
     
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