Live Rate

1 ZAR = 0.5573 MAD ▼ -0.8700%

High 0.5573

Low 0.5573

Open 0.5573

Prev. Close 0.5622

One Week

+1.14%

0.5642 H · 0.5487 L

One Month

-1.57%

0.5642 H · 0.5481 L

One Year

+11.39%

0.5781 H · 0.5435 L

Best Transfer Rate

0.5553

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ZAR/MAD Currency Converter

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Rate: 1 ZAR = 0.5573 MAD · Compare specialist providers →

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Market Analysis: Updated Daily 10 May 2026

What's Driving ZAR/MAD Today

The South African Rand to Moroccan Dirham exchange rate is shaped by monetary policy decisions from both central banks, alongside inflation data, economic growth indicators and global risk sentiment. Sterling pairs are particularly sensitive to UK data releases and political developments.

Key drivers to watch include central bank rate decisions, CPI inflation prints, labour market data and trade balance figures. Our editorial team publishes daily commentary on the forces moving the ZAR/MAD rate.

This commentary is updated each trading day. For the latest analysis visit the ZAR/MAD News Hub →

Latest ZAR/MAD News More news →

9 Jan Rand Still Has Fuel in the Tank Says Nedbank

19 Sep Rand a Buy says Crédit Agricole

6 Jun Nedbank Holds Bullish Bias on the Rand

20 May South African Rand Charges Ahead

29 Apr South African Rand's Recovery Can Extend: Investec

More ZAR/MAD news →

Daily South African Rand to Moroccan Dirham Statistics

Select month:

Date	Open	Close	High	Low	Mid
Fri 8 May	0.5574	0.5568	0.5586	0.5574	0.5571
Thu 7 May	0.5601	0.5575	0.5642	0.5575	0.5588
Wed 6 May	0.5544	0.5622	0.5634	0.5544	0.5583
Tue 5 May	0.5506	0.5545	0.5553	0.5497	0.5526
Mon 4 May	0.5540	0.5508	0.5575	0.5487	0.5524
Fri 1 May	0.5510	0.5527	0.5538	0.5481	0.5519
Thu 30 Apr	0.5508	0.5510	0.5524	0.5486	0.5509
Wed 29 Apr	0.5591	0.5511	0.5621	0.5493	0.5551
Tue 28 Apr	0.5599	0.5579	0.5592	0.5579	0.5589
Mon 27 Apr	0.5595	0.5598	0.5615	0.5579	0.5597
Fri 24 Apr	0.5570	0.5578	0.5596	0.5558	0.5574
Thu 23 Apr	0.5625	0.5582	0.5631	0.5576	0.5604
Wed 22 Apr	0.5603	0.5615	0.5623	0.5594	0.5609
Tue 21 Apr	0.5637	0.5603	0.5652	0.5582	0.5620
Mon 20 Apr	0.5654	0.5637	0.5660	0.5625	0.5646
Fri 17 Apr	0.5622	0.5657	0.5692	0.5594	0.5640
Thu 16 Apr	0.5635	0.5638	0.5650	0.5623	0.5637
Wed 15 Apr	0.5652	0.5643	0.5661	0.5626	0.5648
Tue 14 Apr	0.5658	0.5660	0.5679	0.5646	0.5659
Mon 13 Apr	0.5631	0.5626	0.5642	0.5604	0.5629
Fri 10 Apr	0.5678	0.5651	0.5686	0.5638	0.5665
Thu 9 Apr	0.5683	0.5674	0.5696	0.5647	0.5679
Wed 8 Apr	0.5600	0.5695	0.5706	0.5580	0.5648
Tue 7 Apr	0.5566	0.5560	0.5586	0.5532	0.5563
Mon 6 Apr	0.5536	0.5551	0.5567	0.5522	0.5544
Fri 3 Apr	0.5527	0.5526	0.5547	0.5511	0.5527
Thu 2 Apr	0.5535	0.5527	0.5556	0.5494	0.5531
Wed 1 Apr	0.5547	0.5555	0.5584	0.5538	0.5551
Tue 31 Mar	0.5469	0.5527	0.5534	0.5461	0.5498
Mon 30 Mar	0.5473	0.5484	0.5496	0.5457	0.5479
Fri 27 Mar	0.5450	0.5472	0.5473	0.5435	0.5461
Thu 26 Mar	0.5509	0.5451	0.5493	0.5467	0.5480
Wed 25 Mar	0.5488	0.5508	0.5530	0.5486	0.5498
Tue 24 Mar	0.5528	0.5489	0.5535	0.5451	0.5509
Mon 23 Mar	0.5510	0.5541	0.5584	0.5459	0.5526
Fri 20 Mar	0.5554	0.5519	0.5567	0.5482	0.5537
Thu 19 Mar	0.5551	0.5553	0.5584	0.5502	0.5552
Wed 18 Mar	0.5612	0.5551	0.5638	0.5549	0.5582
Tue 17 Mar	0.5623	0.5611	0.5631	0.5589	0.5617
Mon 16 Mar	0.5570	0.5617	0.5624	0.5570	0.5594
Fri 13 Mar	0.5599	0.5576	0.5621	0.5584	0.5588
Thu 12 Mar	0.5676	0.5599	0.5686	0.5596	0.5638
Wed 11 Mar	0.5740	0.5682	0.5751	0.5675	0.5711
Tue 10 Mar	0.5730	0.5739	0.5768	0.5674	0.5735
Mon 9 Mar	0.5630	0.5728	0.5728	0.5569	0.5679
Fri 6 Mar	0.5578	0.5593	0.5608	0.5537	0.5586
Thu 5 Mar	0.5678	0.5578	0.5685	0.5560	0.5628
Wed 4 Mar	0.5621	0.5680	0.5693	0.5606	0.5651
Tue 3 Mar	0.5738	0.5610	0.5752	0.5570	0.5674
Mon 2 Mar	0.5715	0.5726	0.5763	0.5705	0.5721
Fri 27 Feb	0.5739	0.5740	0.5770	0.5730	0.5740
Thu 26 Feb	0.5768	0.5772	0.5780	0.5738	0.5770
Wed 25 Feb	0.5746	0.5768	0.5781	0.5742	0.5757
Tue 24 Feb	0.5727	0.5745	0.5748	0.5723	0.5736
Mon 23 Feb	0.5699	0.5712	0.5729	0.5697	0.5706
Fri 20 Feb	0.5677	0.5717	0.5716	0.5676	0.5697
Thu 19 Feb	0.5693	0.5677	0.5705	0.5651	0.5685
Wed 18 Feb	0.5691	0.5720	0.5714	0.5688	0.5706
Tue 17 Feb	0.5727	0.5692	0.5715	0.5704	0.5710
Mon 16 Feb	0.5733	0.5728	0.5755	0.5722	0.5731
Fri 13 Feb	0.5721	0.5715	0.5732	0.5685	0.5718
Thu 12 Feb	0.5764	0.5731	0.5773	0.5726	0.5748
Wed 11 Feb	0.5735	0.5768	0.5768	0.5728	0.5752
Tue 10 Feb	0.5724	0.5731	0.5740	0.5703	0.5728
Mon 9 Feb	0.5719	0.5727	0.5746	0.5701	0.5723
Fri 6 Feb	0.5653	0.5713	0.5725	0.5623	0.5683
Thu 5 Feb	0.5673	0.5642	0.5702	0.5641	0.5658
Wed 4 Feb	0.5727	0.5725	0.5743	0.5705	0.5726
Tue 3 Feb	0.5697	0.5726	0.5745	0.5688	0.5712
Mon 2 Feb	0.5664	0.5685	0.5715	0.5609	0.5675
Fri 30 Jan	0.5748	0.5660	0.5754	0.5636	0.5704
Thu 29 Jan	0.5737	0.5749	0.5774	0.5701	0.5743
Wed 28 Jan	0.5670	0.5720	0.5726	0.5662	0.5695
Tue 27 Jan	0.5655	0.5666	0.5672	0.5642	0.5661
Mon 26 Jan	0.5639	0.5656	0.5670	0.5642	0.5648
Fri 23 Jan	0.5689	0.5636	0.5707	0.5624	0.5663
Thu 22 Jan	0.5641	0.5659	0.5688	0.5634	0.5650
Wed 21 Jan	0.5587	0.5631	0.5642	0.5579	0.5609
Tue 20 Jan	0.5619	0.5587	0.5607	0.5561	0.5603
Mon 19 Jan	0.5611	0.5619	0.5619	0.5594	0.5615
Fri 16 Jan	0.5644	0.5622	0.5645	0.5603	0.5633
Thu 15 Jan	0.5619	0.5657	0.5662	0.5614	0.5638
Wed 14 Jan	0.5629	0.5619	0.5642	0.5609	0.5624
Tue 13 Jan	0.5616	0.5637	0.5633	0.5596	0.5627
Mon 12 Jan	0.5602	0.5615	0.5618	0.5600	0.5609
Fri 9 Jan	0.5576	0.5605	0.5608	0.5565	0.5591
Thu 8 Jan	0.5595	0.5577	0.5598	0.5574	0.5586
Wed 7 Jan	0.5622	0.5621	0.5624	0.5600	0.5622
Tue 6 Jan	0.5601	0.5622	0.5624	0.5596	0.5612
Mon 5 Jan	0.5538	0.5577	0.5567	0.5564	0.5558
Fri 2 Jan	0.5516	0.5537	0.5542	0.5505	0.5527
Thu 1 Jan	0.5505	0.5505	0.5505	0.5505	0.5505

ZAR/MAD Historical Data

Long-term ZAR/MAD historical data

Daily closing rates going back decades: full historical archive

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ZAR/MAD Exchange Rate (South African Rand to Moroccan Dirham)

What's Driving ZAR/MAD Today