Algerian Dinar to US Dollar Stable in Official, Black Forex Markets

As this week commenced, the foreign exchange rate of the primary foreign currencies, including the US dollar versus the Algerian dinar, appears to remain stable on both the official foreign exchange market and the parallel foreign exchange or black currency market. This scenario exhibits slight modifications compared to the past week on the latter.

 

We think our followers will benefit from reading this foreign exchange report today, especially those who will be exchanging their units of the Algerian dinar to main foreign currencies like the US dollar, euro, Canadian dollar, and the British pound sterling. Hence, we decided to share this news with them.

 

Based on the report posted online by digital news outlet California18.com, the US dollar has maintained a similar level in the foreign exchange circuit.

 

In the foreign exchange table of the main currencies on the interbank foreign exchange market in the Algerian capital Algiers, US$1 is quoted at 140.40 Algerian dinars for buying and 140.42 Algerian dinars for selling.

 

Additionally, the official currency of the United States remains stable at the level of the parallel foreign exchange or black currency market. Traders are selling US dollars in the square of Algiers against approximately 189 Algerian dinars for purchasing and 192 Algerian dinars for sale.

 

With regards to the other main foreign currencies in the official foreign exchange market, the euro still stays at 159.52 Algerian dinars for purchasing and 159.60 Algerian dinars for sale. These figures are the opening trade quotes from last Thursday, February 17, to today, Monday, February 21.

 

As for the British pound sterling, one pound always trades in the official quotations of the week’s commencement against 190.82 Algerian dinars for purchasing and 190.86 Algerian dinars for sale.

 

Then, one unit of the Canadian dollar is offered against 110.49 Algerian dinars for buying and 110.51 Algerian dinars for selling, per the foreign exchange table of the primary foreign currencies on the interbank foreign exchange market based in Algiers.

 

This week, a minimal change can be seen as the scenario on the parallel foreign exchange or black currency market. The euro recorded a surge against the Algerian dinar on the black currency market.

 

This single European currency presently trades in the neighborhood of 217 Algerian dinars for buying and 218 Algerian dinars for selling. As for the British pound sterling, traders offer it at the start of this week against 259 Algerian dinars for purchasing and 257 Algerian dinars for sale.

 

Finally, the Canadian dollar traded against 151 Algerian dinars for buying and 148 Algerian dinars for selling. We think the stability of the US dollar exchange rate vis-a-vis Algeria’s official currency is auspicious.

 

After all, we think people exchanging their units of the Algerian dinar to US dollar can plan how to properly spend the money they will receive from both the official foreign exchange market and the parallel foreign exchange or black currency market.

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