GBP → MAD: Local Bank Delivery in Minutes—Even Tariffs Can’t Keep Up
Benjamin Clark - 2025-06-19 16:50:53.0 13
1 Canadian Trade Headlines: Tariff Clouds Push Senders to Save
Bank of Canada Governor Tiff Macklem warned on 18 June that pro-longed U.S.–Canada steel and aluminium tariffs could feed inflation and squeeze household budgets. That makes choosing a cheaper-and-faster channel for GBP to MAD transfers more urgent than ever.
2 Market Snapshot: GBP/MAD Near Annual Lows
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Mid-market rate (Wise, 18 Jun 2025): £1 ≈ 12.29 MAD
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One-week range 12.25–12.40 MAD ( < 1.3 % swing)—a sweet spot for timing remittances.
3 Cost Showdown (Sending £500)
|
Channel |
Flat Fee |
FX Mark-Up* |
Arrival |
|---|---|---|---|
|
Barclays branch |
£25 (SWIFT) |
2–3 % |
1–3 BD |
|
Wise |
£22.59 (transparent) |
0 % (mid-market) |
Same-day |
|
Panda Remit |
£0 first send; £1.99 after |
≈0 % (mid-market aligned) |
< 2 min |
*Hidden spread above interbank rate.
Bottom line: Panda Remit’s total cost is roughly one-tenth that of a bank—and dramatically faster.
4 Why Panda Remit Wins for GBP→MAD
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Local clearing to major Moroccan banks (BMCE, Attijariwafa, etc.)—no intermediary deductions.
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Dual regulation (UK FCA & U.S. FinCEN) plus 256-bit TLS encryption ensure compliance and security.
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App-only workflow: live rates, fees and tracking on one screen; no branch lines, no paperwork.
5 Personal-Use Checklist
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Passport + proof of UK/CA residence
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GBP funding card
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Moroccan bank account details (or cash-pickup code)
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Proof of purpose—tuition invoice, property contract, or freelance agreement
Upload scans in-app; future transfers to the same recipient skip repeat KYC.
6 Call to Action
Why let tariffs steal your purchasing power? Slice fees instead.
Register with Panda Remit now and enjoy zero fees on your first transfer!
https://www.pandaremit.com/zh/chn/register
