Today's AED to MAD Price Update

Summary

This report provides the real-time exchange rate between the United Arab Emirates Dirham (AED) and the Moroccan Dirham (MAD), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The United Arab Emirates Dirham (AED) and the Moroccan Dirham (MAD) are both important fiat currencies in their respective regions. The exchange rate between them reflects market conditions and currency valuation dynamics in the Middle Eastern and North African markets.

Today’s Price

• 1 AED = 2.49 MAD
• 24h High: 2.4942 MAD
• 24h Low: 2.4886 MAD

Market Analysis

The AED/MAD pair has shown relatively stable price action, trading within a narrow range over the recent period. Over the last 30 days, the pair moved between 2.4591 and 2.5000, with an average rate of 2.4888 and 0.20% volatility.

• Technical outlook: Market forecasts suggest the AED/MAD rate could rise to 2.50 MAD in the next 24 hours, representing a 0.20% increase, with potential movement to 2.51 MAD within the next 7 days
• Short-term forecast: February analysis indicates AED/MAD may rally by approximately 0.06%, establishing an average price of 2.49 for the month
• Trading opportunities: Investors monitoring the pair may observe potential gains if buying at current prices and holding for forecasted rate levels

Conclusion

Continue to monitor the AED/MAD pair closely, utilizing technical analysis and market forecasts to inform trading decisions. The pair’s stability presents opportunities for both range-bound and directional trading strategies.