This weekend, new twists and turns shook behind the scenes of the informal currency market. This Thursday, November 21, foreign currencies, like the dollar and the pound, have crossed new limits, reaching historic levels in Algiers Square, the epicenter of parallel foreign exchange transactions.
The pound sterlingin particular, crossed the symbolic threshold of 300 Algerian dinars. It is now trading at 298.00 Algerian dinars for purchase and rises to 310.00 Algerian dinars for sale.
Another key player in the market, the American dollar also follows this upward trend. Its rate stands at 237.00 dinars for purchase and reaches 240.00 dinars for sale.
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For his part, the euro also shows notable progress. It is currently trading at 254.00 Algerian dinars for purchase and 256.00 dinars for sale, consolidating its position among the most traded currencies.
These increases raise many questions about the factors underlying this outbreak exchange rates. In the meantime, forex traders and individuals are navigating a context where uncertainty and volatility reign supreme.
Bank of Algeria: what are the exchange rates of the dollar and the pound this November 21?
Between November 20 and 22, 2024, the official market of the Bank of Algeria recorded exchange rates reflecting relative stability, despite a slight increase in figures. This situation contrasts with the fluctuations observed on the black marketproviding a benchmark for formal transactions.
In banking, the pound sterling trades at 169.23 Algerian dinars for purchase and 169.32 dinars for sale. While, the American dollar maintains a buying rate at 133.35 Algerian dinars and a selling rate at 133.37 dinars.
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As for the euro, often used for commercial and tourist exchangesit stands at 141.00 dinars for purchase and 141.02 dinars for sale.
