To understand how currency exchange works, think of a retail shop that trades a product to you as a consumer. The business acquires wares from a provider named wholesaler at a purchase price, to which it sums up a profit margin.
The difference between the sell price at which you buy in that shop (eg your dirhams from Morocco) and what it cost the store to acquire those dirhams from Morocco is the profit it obtains in that foreign exchange.
Nevertheless there is a difference in currency exchange with other activities. On balance, foreign currency notes (dirhams from Morocco in this case) rotate from consumer to consumer, that is, they are not consumed.
For that reason, it may be the case that a currency supplier or a bank buys dirhams from Morocco from a tourist travelling to Spain (earning a margin) and those same dirhams from Morocco pass into your hands when you get that currency (new profit margin).
Usually, when you change dirhams to euros at your bank branch, they will already know their clients and you will only have to identify yourself as a customer of that bank.
When you change dirhams to euros at a travel money supplier´s store, on the street or at the airport, you will need to show a valid and current identity card (passport or resident´s identity card called DNI or NIE in Spain). Take into account that your driver's license will not be accepted as a valid ID when changing dirhams to Euros.
Normally, when we wish to sell dirhams MAD to euros in Spain we only think of banks. Neverthelss we tend to forget that practically practically all Spanish banks apply on you a a margin on the dirhams MAD that you change with them, as well as, a fixed commission of 3% (with a minimum of 6 to 10 euros).
This makes the foreign exchange less interesting and in most cases it is much more advisable to exchange travel money at a high street foreign exchange supplier. These businesses offer the option of selling your dirhams MAD to euros via click and collect.
Regarding the airport, it is always the least interesting option as it is much more expensive than the foreign exchange suppliers located out of these premises.
Selling online Moroccan Dirhams to euros in Spain is very safe. Bear in mind that it is done with holiday money suppliers that need to have an authorization from the Spanish Central Bank.
In addition, these currency suppliers are businesses subject to inspection and can be sanctioned if they do not comply with the strict legal measures in Spain to indicate with whom they exchange Moroccan Dirhams to euros.
The cheapest dirhams MAD to euro prices are normally obtained when you change them online to do a click and collect from an agency of a currency provider near you.
As regards to banks in Spain, almost all of them permit online booking. In some cases have a website allowing you to reserve online and collect your euros some days later. But the MAD-EUR price you will end up paying will be, that of the collection day, not that of the day you reserved the dirhams MAD to euro change.
If you have dirhams MAD left over after your trip, head to our Sell your currency tab, fill in the Moroccan Dirham banknotes you have (banknotes only, not loose coins) and select your town. We will tell you the nearest currency provider´s offices that will acquire your leftover dirhams MAD from you and how many Euros they will give you in exchange.
Bear in mind that they will uniquely acquire you dirhams MAD banknotes but not loose change.
If you want to sell dirhams for euros you only have to choose dirhams in our currency purchase widget, tab Sell Currency. Then type in the amount you want to change and choose your town so that we can show you the nearest currency exchange branch.
Cambiator will sort the results of the different currency providers, ordered from more interesting to less appealing. We will also show you the median rate at Spanish high street banks and at the airports (if they buy dirhams).
The median purchase of the average traveler who changes Moroccan Dirhams to Euros is the equivalent in euros to 700 €, which is an amount that falls within the limits of the currency suppliers that operate with tourists in Spain.
The larger the amount in euros of your Moroccan Dirhams to change, the greater the possibility you will be asked for your professional activity data additionally to your passport or ID card.
Foreign banknotes like the Moroccan Dirham or the euro are exactly identical everywhere: banks, currency suppliers in your city and airports. If you seek for good rates, we help you obtain the best Moroccan Dirham to euro exchange exchange of the day, with no charge.
If you are interested in trust, convenience and security, it is best to collect directly your euros in exchange for your dirhams at a store near your home, office or hotel. You will find these alternatives on this results page you are now looking at.
Best rate of the day (change currency to euros)