As summer approaches, a period of peak travel to Algeria, and therefore of dynamics within the parallel foreign exchange market, the euro and the dollar are stabilizing against the Algerian dinar.
The euro remains above the threshold of 240 Algerian dinars, crossed at the start of 2024.
THE currency exchange office Officials in Algeria are still absent, despite multiple declarations from the competent authorities about their imminent opening, currencies are still exchanged against the Algerian dinar on the black market.
At Port-Saïd Square in Algiers, the hub of the black exchange market in Algeria, the exchange rates of the euro and the dollar against the Algerian dinar constantly fluctuate depending on several factors, including supply and demand, as well as the speculation.
The euro up slightly against the Algerian dinar on the black currency market
The value of the national currency at official quotations as well as the state of the country’s economy are also determining in the exchange value on the black currency market. It is therefore difficult to predict fluctuations in the values of the euro and the dollar in relation to the Algerian dinar.
This Tuesday, April 30, the euro is exchanged against 241 DZD at Square Port-Saïd, in Algiers. The single European currency is practically at the same levels as the start of the current week, but up compared to last week’s exchange rate. Last Sunday, April 21, the euro stood at 240.50 Algerian dinars on the same market.
As for the American dollar, a greenback is exchanged this Tuesday, April 30 for 225 DZD, or 22,500 dinars for a 100 dollar bill. The American currency also recorded a slight increase of 0.5 dinars compared to its level last week.
Dinar exchange rate in the official quotations of the Bank of Algeria
As for the Bank of Algeria, the official opening quotations of the Algerian dinar for the period from April 30 to May 2 indicate a slight drop in the euro compared to last week.
One euro is in fact displayed at 143.84 DZD during the purchase and 143.91 DZD during the sale, can we contact on the exchange table published this Tuesday by the Bank of Algeria (BA).
The dollar is displayed at 134.43 DZD for purchase and 134.44 dinars for sale.
For other currencies, one pound sterling is quoted at 168.54 Algerian dinars for purchase and 168.60 DA for sale. The Canadian dollar is displayed on the BA daily exchange table at 98.16 DZD for buying and 98.18 DZD for selling.
