Foreign exchange: BAM's weekly indicators in 5 key points

Here are five key points from Bank Al-Maghrib’s (BAM) weekly indicators for the period June 06 to June 12, 2024:

1. The dirham appreciated by 0.55% against the euro and depreciated by 0.31% against the US dollar.

2. No auctions were carried out on the foreign exchange market.

3. Official reserve assets stood at 369.2 billion dirhams, down 0.4% week-on-week and up 4.8% year-on-year.

4. BAM interventions averaged 127.1 billion dirhams daily.

5. On the interbank market, average daily trading volume stood at 3.3 billion dirhams, and the interbank rate averaged 3%.