Saudi Riyal to Moroccan Dirham

About SAR/MAD

The Saudi Riyal (SAR) to Moroccan Dirham (MAD) exchange rate reflects the value of one SAR in MAD. SARF tracks both the official central bank rate and the parallel market rate, which together reveal the true cost of foreign exchange in MENA markets. The spread between these two rates is a key indicator of economic pressure and currency market fragmentation.

Saudi Arabia pegs the Saudi Riyal (SAR) to the US Dollar at 3.75, one of the most stable fixed exchange rate arrangements globally. The central bank maintains substantial reserves to defend the peg, making the spread between official and parallel rates among the smallest in the region.

The Moroccan Dirham (MAD) operates under a managed float regime, with the central bank allowing limited flexibility. Morocco's FX market is one of the most open in North Africa, with tight spreads and active participation.