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1 USD = 9.5207 MAD

1 MAD to USD = 0.1050

Provider Indicative Rate Service Notes Action

Online Exclusive

Horizon Currency
9.4541 Online money transfers only. Strictly no holiday cash requests. Do-it-yourself transfers for easily the best exchange rate in the market.

International Money Transfers

Rational FX
9.4350 International Payments and Transfers Indicative Dealing Desk Quote. Rate can only be applied to transfers in excess of £2000 equivalent.

Best Bank Rate

Banks
9.2541 Payments, transfers, holiday money Determined using data on spread charges supplied by IMTI Login to your online bank account

Worst Bank Rate

Banks
9.1875 Payments, transfers, holiday money Determined using data on spread charges supplied by Money Mover and Accourt Login to your online bank account

Airport Pickup

Moneycorp
9.3779 Holiday FX, Cash Delivery Booking Online prior to pickup is the key to getting a good rate

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USD/MAD Live Chart and Data

Exchange Rate History For Converting US Dollar (USD) to Moroccan Dirham (MAD)

2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012
Loading

Exchange Rate Today for Converting USD To MAD

Convert USD:
To MAD:
1
9.5207
10
95.2070
50
476.0350
100
952.0700
500
4,760.3500
1,000
9,520.7000
Convert USD:
To MAD:
2,500
23,801.7500
5,000
47,603.5000
7,500
71,405.2500
10,000
95,207.0000
50,000
476,035.0000
1,00,000
952,070.0000

Exchange Rate History for USD To MAD: 2018

January - 2018

SunMonTueWedThuFriSat
1

Open: 9.0884

Close: 9.1080

Mid: 9.1124

2

Open: 9.0890

Close: 9.0710

Mid: 9.0782

3

Open: 9.0728

Close: 9.0952

Mid: 9.0844

4

Open: 9.0969

Close: 9.0694

Mid: 9.0735

5

Open: 9.0707

Close: 9.0876

Mid: 9.0682

6

Open: 9.0707

Close: 9.0876

Mid: 9.0682

7
8

Open: 9.0716

Close: 9.1090

Mid: 9.0975

9

Open: 9.1208

Close: 9.1298

Mid: 9.1003

10

Open: 9.1367

Close: 9.1174

Mid: 9.1117

11

Open: 9.1204

Close: 9.0835

Mid: 9.0773

12

Open: 9.0950

Close: 8.9977

Mid: 9.0431

13

Open: 8.9991

Close: 8.9965

Mid: 8.9978

14
15

Open: 9.0106

Close: 8.9699

Mid: 8.9707

16

Open: 8.9712

Close: 8.9729

Mid: 8.9718

17

Open: 8.9846

Close: 9.0111

Mid: 8.9738

18

Open: 9.0133

Close: 8.9857

Mid: 8.9894

19

Open: 8.9892

Close: 8.9573

Mid: 8.9682

20

Open: 8.9573

Close: 8.9573

Mid: 8.9573

21
22

Open: 8.9902

Close: 8.9819

Mid: 8.9777

23

Open: 8.9851

Close: 8.9550

Mid: 8.9587

24

Open: 8.9559

Close: 8.9232

Mid: 8.9352

25

Open: 8.9231

Close: 8.9200

Mid: 8.9105

26

Open: 8.9208

Close: 8.8962

Mid: 8.8964

27

Open: 8.9208

Close: 8.8962

Mid: 8.8964

28
29

Open: 8.9163

Close: 8.9292

Mid: 8.9110

30

Open: 8.9269

Close: 8.9152

Mid: 8.9339

31

Open: 8.9191

Close: 8.9209

Mid: 8.8951

February - 2018

SunMonTueWedThuFriSat
1

Open: 8.9185

Close: 8.8751

Mid: 8.8931

2

Open: 8.8732

Close: 8.8918

Mid: 8.8911

3
4
5

Open: 8.9010

Close: 8.9428

Mid: 8.9170

6

Open: 8.9423

Close: 8.9350

Mid: 8.9411

7

Open: 8.9318

Close: 8.9873

Mid: 8.9321

8

Open: 8.9835

Close: 8.9887

Mid: 8.9888

9

Open: 8.9860

Close: 9.0079

Mid: 8.9888

10
11
12

Open: 8.9928

Close: 8.9674

Mid: 8.9977

13

Open: 8.9714

Close: 8.9448

Mid: 8.9568

14

Open: 8.9468

Close: 8.8940

Mid: 8.9223

15

Open: 8.8941

Close: 8.8775

Mid: 8.8841

16

Open: 8.8767

Close: 8.9157

Mid: 8.8780

17
18
19

Open: 8.9145

Close: 8.9260

Mid: 8.9131

20

Open: 8.9235

Close: 8.9531

Mid: 8.9428

21

Open: 8.9570

Close: 8.9800

Mid: 8.9446

22

Open: 8.9771

Close: 8.9579

Mid: 8.9517

23

Open: 8.9556

Close: 8.9690

Mid: 8.9714

24

Open: 8.9676

Close: 8.9682

Mid: 8.9679

25

Open: 8.9682

Close: 8.9677

Mid: 8.9616

26

Open: 8.9737

Close: 8.9610

Mid: 8.9587

27

Open: 8.9610

Close: 9.0002

Mid: 8.9631

28

Open: 8.9993

Close: 9.0165

Mid: 9.0123

March - 2018

SunMonTueWedThuFriSat
1

Open: 9.0185

Close: 8.9806

Mid: 9.0130

2

Open: 8.9798

Close: 8.9447

Mid: 8.9471

3
4
5

Open: 8.9556

Close: 8.9519

Mid: 8.9577

6

Open: 8.9514

Close: 8.9152

Mid: 8.9289

7

Open: 8.9122

Close: 8.9173

Mid: 8.9020

8

Open: 8.9163

Close: 8.9609

Mid: 8.9344

9

Open: 8.9574

Close: 8.9532

Mid: 8.9439

10

Open: 8.9574

Close: 8.9532

Mid: 8.9439

11
12

Open: 8.9535

Close: 8.9415

Mid: 8.9433

13

Open: 8.9385

Close: 8.9120

Mid: 8.9149

14

Open: 8.9157

Close: 8.9147

Mid: 8.9087

15

Open: 8.9147

Close: 8.9344

Mid: 8.9042

16

Open: 8.9380

Close: 8.9413

Mid: 8.9383

17

Open: 8.9380

Close: 8.9413

Mid: 8.9383

18
19

Open: 8.9565

Close: 8.9267

Mid: 8.9417

20

Open: 8.9268

Close: 8.9671

Mid: 8.9260

21

Open: 8.9652

Close: 8.9237

Mid: 8.9383

22

Open: 8.9270

Close: 8.9359

Mid: 8.9393

23

Open: 8.9364

Close: 8.9269

Mid: 8.9228

24

Open: 8.9247

Close: 8.9226

Mid: 8.9021

25
26

Open: 8.9353

Close: 8.8843

Mid: 8.9078

27

Open: 8.8865

Close: 8.9111

Mid: 8.8924

28

Open: 8.9097

Close: 8.9586

Mid: 8.9245

29

Open: 8.9580

Close: 8.9617

Mid: 8.9495

30

Open: 8.9657

Close: 8.9711

Mid: 8.9441

31

April - 2018

SunMonTueWedThuFriSat
1

Open: 8.9212

Close: 8.9072

Mid: 8.9156

2

Open: 8.9697

Close: 8.9500

Mid: 8.9501

3

Open: 8.9708

Close: 8.9785

Mid: 8.9587

4

Open: 8.9781

Close: 8.9759

Mid: 8.9669

5

Open: 8.9746

Close: 8.9886

Mid: 8.9882

6

Open: 8.9875

Close: 8.9749

Mid: 8.9741

7
8
9

Open: 8.9774

Close: 8.9516

Mid: 8.9451

10

Open: 8.9526

Close: 8.9261

Mid: 8.9361

11

Open: 8.9257

Close: 8.9222

Mid: 8.9110

12

Open: 8.9243

Close: 8.9412

Mid: 8.9413

13

Open: 8.9444

Close: 8.9425

Mid: 8.9457

14

Open: 8.9444

Close: 8.9425

Mid: 8.9457

15
16

Open: 8.9448

Close: 8.9192

Mid: 8.9277

17

Open: 8.9203

Close: 8.9263

Mid: 8.9175

18

Open: 8.9253

Close: 8.9199

Mid: 8.9156

19

Open: 8.9199

Close: 8.9335

Mid: 8.9291

20

Open: 8.9358

Close: 8.9631

Mid: 8.9563

21

Open: 8.9931

Close: 8.9931

Mid: 8.9785

22
23

Open: 8.9695

Close: 8.9975

Mid: 8.9663

24

Open: 8.9941

Close: 8.9796

Mid: 8.9779

25

Open: 8.9805

Close: 9.0105

Mid: 8.9830

26

Open: 9.0103

Close: 9.0351

Mid: 9.0090

27

Open: 9.0350

Close: 9.0246

Mid: 9.0240

28

Open: 9.0350

Close: 9.0246

Mid: 9.0240

29
30

Open: 9.0233

Close: 9.0436

Mid: 9.0250

May - 2018

SunMonTueWedThuFriSat
1

Open: 9.0480

Close: 9.1538

Mid: 9.1069

2

Open: 9.1154

Close: 9.1070

Mid: 9.0949

3

Open: 9.1067

Close: 9.0876

Mid: 9.0828

4

Open: 9.0890

Close: 9.1070

Mid: 9.1118

5

Open: 9.1200

Close: 9.1200

Mid: 9.1038

6
7

Open: 9.1067

Close: 9.1142

Mid: 9.1111

8

Open: 9.1146

Close: 9.1507

Mid: 9.1268

9

Open: 9.1484

Close: 9.1584

Mid: 9.1431

10

Open: 9.1556

Close: 9.1244

Mid: 9.1397

11

Open: 9.1252

Close: 9.1096

Mid: 9.1134

12

Open: 9.1252

Close: 9.1096

Mid: 9.1134

13
14

Open: 9.1101

Close: 9.1148

Mid: 9.0873

15

Open: 9.1165

Close: 9.1687

Mid: 9.1341

16

Open: 9.1711

Close: 9.1675

Mid: 9.1661

17

Open: 9.1702

Close: 9.1821

Mid: 9.1598

18

Open: 9.1823

Close: 9.1997

Mid: 9.1733

19

Open: 9.1602

Close: 9.1581

Mid: 9.1592

20
21

Open: 9.1956

Close: 9.1824

Mid: 9.1856

22

Open: 9.1818

Close: 9.1835

Mid: 9.1694

23

Open: 9.1834

Close: 9.2213

Mid: 9.1931

24

Open: 9.2240

Close: 9.2169

Mid: 9.2118

25

Open: 9.2168

Close: 9.2433

Mid: 9.2182

26
27
28

Open: 9.2255

Close: 9.2630

Mid: 9.2363

29

Open: 9.2625

Close: 9.3090

Mid: 9.2803

30

Open: 9.3088

Close: 9.2433

Mid: 9.2619

31

Open: 9.2465

Close: 9.2302

Mid: 9.2337

June - 2018

SunMonTueWedThuFriSat
1

Open: 9.2317

Close: 9.2463

Mid: 9.2378

2

Open: 9.1930

Close: 9.1840

Mid: 9.1885

3
4

Open: 9.2462

Close: 9.2272

Mid: 9.2238

5

Open: 9.2269

Close: 9.2145

Mid: 9.2230

6

Open: 9.2123

Close: 9.1864

Mid: 9.1813

7

Open: 9.1880

Close: 9.1872

Mid: 9.1711

8

Open: 9.1850

Close: 9.2049

Mid: 9.1942

9

Open: 9.1596

Close: 9.1596

Mid: 9.1596

10
11

Open: 9.1861

Close: 9.1966

Mid: 9.1669

12

Open: 9.1956

Close: 9.2080

Mid: 9.1866

13

Open: 9.2096

Close: 9.1831

Mid: 9.1902

14

Open: 9.1824

Close: 9.2969

Mid: 9.2201

15

Open: 9.2999

Close: 9.2762

Mid: 9.2907

16

Open: 9.2999

Close: 9.2762

Mid: 9.2907

17
18

Open: 9.2859

Close: 9.2615

Mid: 9.2698

19

Open: 9.2614

Close: 9.2864

Mid: 9.2733

20

Open: 9.2873

Close: 9.2909

Mid: 9.2785

21

Open: 9.2904

Close: 9.2762

Mid: 9.2972

22

Open: 9.2756

Close: 9.2470

Mid: 9.2492

23

Open: 9.2756

Close: 9.2470

Mid: 9.2492

24
25

Open: 9.2511

Close: 9.2285

Mid: 9.2330

26

Open: 9.2292

Close: 9.2572

Mid: 9.2315

27

Open: 9.2533

Close: 9.2932

Mid: 9.2603

28

Open: 9.2922

Close: 9.2926

Mid: 9.2876

29

Open: 9.2877

Close: 9.2285

Mid: 9.2428

30

July - 2018

SunMonTueWedThuFriSat
1
2

Open: 9.2324

Close: 9.2428

Mid: 9.2407

3

Open: 9.2428

Close: 9.2292

Mid: 9.2361

4

Open: 9.2307

Close: 9.2251

Mid: 9.2223

5

Open: 9.2233

Close: 9.2081

Mid: 9.2035

6

Open: 9.2088

Close: 9.1774

Mid: 9.1783

7

Open: 9.1736

Close: 9.1757

Mid: 9.1747

8
9

Open: 9.1777

Close: 9.1747

Mid: 9.1794

10

Open: 9.1750

Close: 9.1897

Mid: 9.1784

11

Open: 9.1905

Close: 9.2134

Mid: 9.1889

12

Open: 9.2149

Close: 9.2190

Mid: 9.2030

13

Open: 9.2205

Close: 9.2138

Mid: 9.2154

14

Open: 9.2205

Close: 9.2138

Mid: 9.2154

15
16

Open: 9.2169

Close: 9.1992

Mid: 9.1975

17

Open: 9.1990

Close: 9.2231

Mid: 9.2119

18

Open: 9.2214

Close: 9.2216

Mid: 9.2185

19

Open: 9.2227

Close: 9.2170

Mid: 9.2239

20

Open: 9.2158

Close: 9.1837

Mid: 9.2007

21

Open: 9.1650

Close: 9.1650

Mid: 9.1392

22

Open: 9.1650

Close: 9.1601

Mid: 9.1692

23

Open: 9.1707

Close: 9.1909

Mid: 9.1811

24

Open: 9.1917

Close: 9.1916

Mid: 9.1892

25

Open: 9.1908

Close: 9.1647

Mid: 9.1661

26

Open: 9.1650

Close: 9.2165

Mid: 9.1828

27

Open: 9.2163

Close: 9.2064

Mid: 9.2008

28

Open: 9.2163

Close: 9.2064

Mid: 9.2008

29
30

Open: 9.2067

Close: 9.1850

Mid: 9.1814

31

Open: 9.1858

Close: 9.1917

Mid: 9.1749

August - 2018

SunMonTueWedThuFriSat
1

Open: 9.1925

Close: 9.2024

Mid: 9.1880

2

Open: 9.2039

Close: 9.2248

Mid: 9.2134

3

Open: 9.2263

Close: 9.2131

Mid: 9.2020

4

Open: 9.2263

Close: 9.2131

Mid: 9.2020

5
6

Open: 9.2188

Close: 9.2107

Mid: 9.2090

7

Open: 9.2103

Close: 9.1812

Mid: 9.1903

8

Open: 9.1820

Close: 9.1823

Mid: 9.1661

9

Open: 9.1827

Close: 9.2220

Mid: 9.1961

10

Open: 9.2219

Close: 9.2841

Mid: 9.2453

11

Open: 9.2219

Close: 9.2841

Mid: 9.2453

12
13

Open: 9.2866

Close: 9.2830

Mid: 9.2777

14

Open: 9.2816

Close: 9.3108

Mid: 9.2805

15

Open: 9.3119

Close: 9.3143

Mid: 9.3153

16

Open: 9.3122

Close: 9.3006

Mid: 9.2821

17

Open: 9.3029

Close: 9.2630

Mid: 9.2641

18

Open: 9.3029

Close: 9.2630

Mid: 9.2641

19
20

Open: 9.2679

Close: 9.2613

Mid: 9.2618

21

Open: 9.2615

Close: 9.2110

Mid: 9.2111

22

Open: 9.2102

Close: 9.1926

Mid: 9.1924

23

Open: 9.1926

Close: 9.2144

Mid: 9.2100

24

Open: 9.2146

Close: 9.1848

Mid: 9.1748

25

Open: 9.2146

Close: 9.1848

Mid: 9.1748

26
27

Open: 9.1656

Close: 9.1431

Mid: 9.1605

28

Open: 9.1424

Close: 9.1460

Mid: 9.1276

29

Open: 9.1460

Close: 9.1232

Mid: 9.1376

30

Open: 9.1253

Close: 9.1560

Mid: 9.1296

31

Open: 9.1537

Close: 9.1752

Mid: 9.1559

September - 2018

SunMonTueWedThuFriSat
1
2
3

Open: 9.1850

Close: 9.1772

Mid: 9.1697

4

Open: 9.1804

Close: 9.1818

Mid: 9.1808

5

Open: 9.1794

Close: 9.1641

Mid: 9.1620

6

Open: 9.1620

Close: 9.1703

Mid: 9.1533

7

Open: 9.1700

Close: 9.1935

Mid: 9.1655

8
9
10

Open: 9.1920

Close: 9.1768

Mid: 9.1677

11

Open: 9.1771

Close: 9.1752

Mid: 9.1638

12

Open: 9.1764

Close: 9.1590

Mid: 9.1507

13

Open: 9.1596

Close: 9.1249

Mid: 9.1338

14

Open: 9.1257

Close: 9.1621

Mid: 9.1248

15

Open: 9.1257

Close: 9.1621

Mid: 9.1248

16
17

Open: 9.1607

Close: 9.1401

Mid: 9.1351

18

Open: 9.1406

Close: 9.1328

Mid: 9.1105

19

Open: 9.1345

Close: 9.1363

Mid: 9.1359

20

Open: 9.1377

Close: 9.0928

Mid: 9.1127

21

Open: 9.0926

Close: 9.1088

Mid: 9.1019

22

Open: 9.1741

Close: 9.1769

Mid: 9.1594

23
24

Open: 9.1106

Close: 9.0955

Mid: 9.0969

25

Open: 9.0971

Close: 9.1015

Mid: 9.0961

26

Open: 9.0986

Close: 9.1008

Mid: 9.0806

27

Open: 9.1001

Close: 9.1498

Mid: 9.1227

28

Open: 9.1499

Close: 9.1611

Mid: 9.1661

29

Open: 9.1499

Close: 9.1611

Mid: 9.1661

30

October - 2018

SunMonTueWedThuFriSat
1

Open: 9.1615

Close: 9.1792

Mid: 9.1522

2

Open: 9.1798

Close: 9.1971

Mid: 9.1773

3

Open: 9.1930

Close: 9.2290

Mid: 9.1992

4

Open: 9.2292

Close: 9.2078

Mid: 9.2131

5

Open: 9.2079

Close: 9.2080

Mid: 9.2058

6

Open: 9.1716

Close: 9.1716

Mid: 9.1716

7

Open: 9.1716

Close: 9.1695

Mid: 9.1801

8

Open: 9.2121

Close: 9.2177

Mid: 9.2032

9

Open: 9.2171

Close: 9.2178

Mid: 9.2229

10

Open: 9.2222

Close: 9.2005

Mid: 9.2018

11

Open: 9.2012

Close: 9.1777

Mid: 9.1800

12

Open: 9.1784

Close: 9.1880

Mid: 9.1750

13

Open: 9.1784

Close: 9.1880

Mid: 9.1750

14
15

Open: 9.1953

Close: 9.1776

Mid: 9.1773

16

Open: 9.1775

Close: 9.1816

Mid: 9.1784

17

Open: 9.1796

Close: 9.2239

Mid: 9.1839

18

Open: 9.2236

Close: 9.2393

Mid: 9.2240

19

Open: 9.2388

Close: 9.2135

Mid: 9.2081

20

Open: 9.2388

Close: 9.2135

Mid: 9.2081

21
22

Open: 9.2194

Close: 9.2341

Mid: 9.2181

23

Open: 9.2334

Close: 9.2311

Mid: 9.2234

24

Open: 9.2302

Close: 9.2628

Mid: 9.2471

25

Open: 9.2627

Close: 9.2752

Mid: 9.2731

26

Open: 9.2765

Close: 9.2612

Mid: 9.2685

27
28

Open: 9.2589

Close: 9.2595

Mid: 9.2616

29

Open: 9.2696

Close: 9.2751

Mid: 9.2595

30

Open: 9.2737

Close: 9.2891

Mid: 9.2760

31

Open: 9.2892

Close: 9.3053

Mid: 9.2908

November - 2018

SunMonTueWedThuFriSat
1

Open: 9.3006

Close: 9.2608

Mid: 9.2747

2

Open: 9.2547

Close: 9.2481

Mid: 9.2461

3

Open: 9.2547

Close: 9.2481

Mid: 9.2461

4
5

Open: 9.2516

Close: 9.2403

Mid: 9.2386

6

Open: 9.2377

Close: 9.2254

Mid: 9.2312

7

Open: 9.2235

Close: 9.2273

Mid: 9.2104

8

Open: 9.2244

Close: 9.2534

Mid: 9.2258

9

Open: 9.2550

Close: 9.2672

Mid: 9.2608

10
11
12

Open: 9.2815

Close: 9.3224

Mid: 9.2826

13

Open: 9.3228

Close: 9.2809

Mid: 9.3040

14

Open: 9.2695

Close: 9.2783

Mid: 9.2736

15

Open: 9.2784

Close: 9.2643

Mid: 9.2657

16

Open: 9.2651

Close: 9.2133

Mid: 9.2424

17

Open: 9.2695

Close: 9.1495

Mid: 9.2076

18
19

Open: 9.2239

Close: 9.1949

Mid: 9.1963

20

Open: 9.1904

Close: 9.2374

Mid: 9.2063

21

Open: 9.2343

Close: 9.2292

Mid: 9.2168

22

Open: 9.2289

Close: 9.2227

Mid: 9.2130

23

Open: 9.2199

Close: 9.2465

Mid: 9.2223

24

Open: 9.2442

Close: 9.2473

Mid: 9.2458

25
26

Open: 9.2490

Close: 9.2537

Mid: 9.2265

27

Open: 9.2465

Close: 9.2692

Mid: 9.2429

28

Open: 9.2705

Close: 9.2388

Mid: 9.2582

29

Open: 9.2396

Close: 9.2239

Mid: 9.2146

30

Open: 9.2238

Close: 9.2469

Mid: 9.2231

December - 2018

SunMonTueWedThuFriSat
1

Open: 9.2487

Close: 9.2440

Mid: 9.2464

2
3

Open: 9.2533

Close: 9.2427

Mid: 9.2329

4

Open: 9.2402

Close: 9.2441

Mid: 9.2431

5

Open: 9.2461

Close: 9.2501

Mid: 9.2478

6

Open: 9.2479

Close: 9.2326

Mid: 9.2311

7

Open: 9.2306

Close: 9.2247

Mid: 9.2267

8

Open: 9.2306

Close: 9.2247

Mid: 9.2267

9
10

Open: 9.2191

Close: 9.2433

Mid: 9.2250

11

Open: 9.2365

Close: 9.2606

Mid: 9.2397

12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
For full historical data please visit: USD/MAD exchange rate history pages for the past 365 days
For full historical data please visit: USD/MAD exchange rate history pages for the year 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012

USD News and Forecasts from Pound Sterling Live's Editorial Team

Pound-to-Dollar Rate to Spend 2019 Trapped Near Current Lows says Barc…

The Pound-to-Dollar rate will spend much of the next year trapped near its post-referendum lows...

Pound-to-Dollar Rate 5-Day Forecast: 1.2660 Key Level, Brexit Vote Mai…

The Pound-Dollar exchange rate could extend lower as the advantage still lies with the bears...

The U.S. Dollar Hits the Deck after Nonfarm Payrolls Slide in November…

The U.S. Dollar slumped Friday after November's eagerly-awaited nonfarm payrolls number surprised on the downside...

Pound-to-Dollar Rate Bounces from Support as Brexit Risks Diminish

The Pound-to-Dollar remains in a downtrend but charts show there is an increasing possibility of...

The U.S. Dollar Overlooks ISM Surprise in Risk Sell-off, Cedes Ground …

The Dollar was volatile Thursday following a better-than-expected reading of the latest Institute for Supply Management (ISM)...

Publications from the US Federal Reserve

Do Opioids Slow Return to Work after Injuries?

Some reports blame opioid use for part of the decline in labor force participation among adult men. Estimates based on workers’ compensation data shed light on the relationship between opioid...

Securities Financing and Asset Markets: New Evidence

This paper presents new evidence on bilateral securities financing based on the Federal Reserve's Senior Credit Officer Opinion Survey, which was launched in the wake of the financial crisis to...

Special Repo Rates and the Cross-Section of Bond Prices: the Role of t…

We estimate the joint term-structure of U.S. Treasury cash and repo rates using daily prices of all outstanding Treasury securities and corresponding special collateral (SC) repo rates. This allows us...

Organizational Equilibrium with Capital

This paper proposes a new equilibrium concept - organizational equilibrium - for models with state variables that have a time inconsistency problem. The key elements of this equilibrium concept are:...

Accounting for Macro-Finance Trends: Market Power, Intangibles, and Ri…

Real risk-free interest rates have trended down over the past 30 years. Puzzlingly in light of this decline, (1) the return on private capital has remained stable or even increased...