LocalExchangeRates.com

Official Rate Sheet: Moroccan Dirham (MAD) / Ghanaian Cedi (GHS)

Date generated:

Mid-Market Rate: 1 MAD = 1.1821 GHS

Real-Time Interbank Wholesale Feed: October 6, 2026

Moroccan Dirham to Ghanaian Cedi Exchange Rate (MAD to GHS)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 MAD in GHS?

1 MAD = 1.1821 GHS

At the current mid-market wholesale exchange rate, converting 1,000 Moroccan Dirham (MAD) yields approximately 1,182.14 Ghanaian Cedi (GHS) (inverse rate: 1 GHS = 0.8459 MAD). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): MAD

You Receive (Estimate): GHS

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 MAD = 1.1821 GHS

Kurs odwrotny: 1 GHS = 0.8459 MAD

Status danych: Live Data (Redis)

Looking for reverse calculation? Check GHS to MAD (Ghanaian Cedi to Moroccan Dirham) Live Converter →

MAD to GHS Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Moroccan Dirham against Ghanaian Cedi

Period High

1.1963 GHS

Period Low

1.1680 GHS

Volatility / Avg

1.1821 GHS

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 1.1680 GHS

Max: 1.1963 GHS

52-Week Range (1Y) Current Position: 65% Range

Min: 1.1408 GHS

Max: 1.2235 GHS

Standard Denomination Conversion Matrix (MAD & GHS)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Moroccan Dirham → Ghanaian Cedi (MAD / GHS)

Wholesale Benchmark

Moroccan Dirham (MAD)	Ghanaian Cedi (GHS)
1 MAD	1.18 GHS
5 MAD	5.91 GHS
10 MAD	11.82 GHS
25 MAD	29.55 GHS
50 MAD	59.11 GHS
100 MAD	118.21 GHS
200 MAD	236.43 GHS
250 MAD	295.53 GHS
500 MAD	591.07 GHS
1,000 MAD	1,182.14 GHS
2,500 MAD	2,955.34 GHS
5,000 MAD	5,910.68 GHS
10,000 MAD	11,821.36 GHS

Ghanaian Cedi → Moroccan Dirham (GHS / MAD)

Wholesale Benchmark

Ghanaian Cedi (GHS)	Moroccan Dirham (MAD)
1 GHS	0.85 MAD
5 GHS	4.23 MAD
10 GHS	8.46 MAD
25 GHS	21.15 MAD
50 GHS	42.30 MAD
100 GHS	84.59 MAD
200 GHS	169.19 MAD
250 GHS	211.48 MAD
500 GHS	422.96 MAD
1,000 GHS	845.93 MAD
2,500 GHS	2,114.82 MAD
5,000 GHS	4,229.63 MAD
10,000 GHS	8,459.27 MAD

Provider / Channel	MAD/GHS Effective Exchange Rate	Estimated Fee	Estimated Received (GHS)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1.1821 GHS	0.00%	5,910.68 GHS	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1.1408 GHS	~3.50%	5,703.80 GHS	-206.87 GHS
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1.0639 GHS	~10.00%	5,319.61 GHS	-591.07 GHS

1 MAD to GHS: Moroccan Dirham to Ghanaian Cedi Exchange Guide

Searches for 1 MAD to GHS or convert MAD to GHS describe the amount of Ghanaian Cedi received per 1 Moroccan Dirham. At today's wholesale baseline of 1 MAD = 1.1821 GHS (inverse: 1 GHS = 0.8459 MAD), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Morocco ↔ Ghana)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Bank Al-Maghrib (BAM) and Bank of Ghana (BoG) shape the medium-to-long term valuation of MAD/GHS.

MAD and GHS Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Morocco and Ghana.

How the MAD to GHS Exchange Rate Works

Foreign exchange transactions between Morocco (MAD) and Ghana (GHS) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between MAD and GHS:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Bank Al-Maghrib (BAM) and Bank of Ghana (BoG) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Morocco and Ghana exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (GHS) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Moroccan Dirham to Ghanaian Cedi Conversion

Common questions regarding Moroccan Dirham to Ghanaian Cedi conversion, bank spreads, and transfer costs.

How much is 1,000 MAD in GHS today?

At the current mid-market exchange rate (1 MAD = 1.1821 GHS), 1,000 Moroccan Dirham equals approximately 1,182.14 Ghanaian Cedi. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Moroccan Dirham?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with MAD?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Bank Al-Maghrib (BAM)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.