Lets take a look at exchange rates.
Great British Pounds (GBP) to Euros (EUR) and Moroccan Dirhams (MAD)
One of the most important things to consider when purchasing a property is the finance.
If the property is in a different country and therefore potentially different currency this becomes more complicated.
You may have money or are earning money in one currency but the purchase is in another and so you are exposed to the constant
changing exchange rates.
With this page I look at how much variance the Moroccan Dirham has had over time in comparison to Sterling and the Euro.
This may help in deciding whether to finance it from home currency or Moroccan.
So how much is my GBP 100,000 worth then?
The table below shows the value of 100,000 pounds on the first of each month mentioned in Euros and Moroccan Dirhams.
|
Month
/ Year
|
Euro's
|
Dirham's
|
|
December
2007
|
140 564.27
|
1 590 244.50
|
|
November
2007
|
144 122.65
|
1 632 316.53
|
|
October
2007
|
143 615.93
|
1 620 526.81
|
|
September
2007
|
147 997.98
|
1 657 307.11
|
|
August
2007
|
148 413.45
|
1 663 465.85
|
|
July
2007
|
148 387.51
|
1 657 551.83
|
|
June
2007
|
147 221.20
|
1 646 874.35
|
|
May
2007
|
146 477.22
|
1 639 725.65
|
|
April
2007
|
147 102.09
|
1 642 035.48
|
|
March
2007
|
148 445.04
|
1 656 409.08
|
|
February
2007
|
151
217.30
|
1
682 854.56
|
|
January
2007
|
148
920.33
|
1
659 046.95
|
|
December
2006
|
148
610.49
|
1
658 070.58
|
|
November
2006
|
149
599.82
|
1
656 403.35
|
|
October
2006
|
147
557.92
|
1
632 089.94
|
|
September
2006
|
148
632.58
|
1
650 094.10
|
|
August
2006
|
146
262.98
|
1
622 637.49
|
|
July
2006
|
144
487.79
|
1
596 205.78
|
|
June
2006
|
146
049.36
|
1
618 936.10
|
|
May
2006
|
144
050.71
|
1
589 144.51
|
|
April
2006
|
143
595.63
|
1
576 674.73
|
|
March
2006
|
146
929.18
|
1
604 238.97
|
|
February
2006
|
146
929.18
|
1
608 125.93
|
|
January
2006
|
145
921.49
|
1
634 597.99
|