Travel in Morocco offers great value for your money if you know the conversion rates and can avoid overpaying for goods and services. Much of the Moroccan economy is a barter economy, and tourists are expected to haggle for purchases and services other than food.
As of 2009, $1 equaled 7.63 Moroccan dirhams. The dirham has become stronger over the last five years: In 2004, $1 equaled 10 dirhams.
Traveler's checks are not commonly used or accepted in Morocco; you will have to find a local bank that offers a service for traveler's checks.
ATM machines that accept international cards are found in all major cities and most smaller cities. When you withdraw money, you will get the current conversion rate.
You can exchange U.S. dollars or euros at local banks during business hours. Current rates should be posted.
In major cities, touts will approach you offering to exchange your money for you. There are plenty of places to change money legally, and you're only likely to get ripped off if you exchange money on the black market.
Article Written By Heather Carreiro
Heather Carreiro is a certified English teacher who has been writing since 2008. The editor of Matador Abroad, her work has appeared online at BootsnAll, Matador Network, GoNOMAD, Journey Beyond Travel and Expat Women. She earned a Bachelor of Arts in linguistics and Middle Eastern studies from the University of Massachusetts Amherst and is pursuing a Master of Arts in English at Bridgewater State University.