This Monday, November 4, exchange rates recorded a significant increase, particularly for the eurowhich continues its rise to Square d’Alger. Currency traders now display it at 251 dinars for purchase and 253 Algerian dinars for sale, marking a persistent upward trend.
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The American dollar follows the same movement, with a purchase rate at 226 Algerian dinars and sale at 229 dinars. For its part, the pound sterling maintains its momentum, reaching 293 dinars for purchases and 295 dinars for sales, approaching the symbolic bar of 300 dinars. As for the Canadian dollar, it remains stable, trading at 166 Algerian dinars for purchase and 168 dinars for sale.
Evolution of currencies in Algeria: what are the exchange rates in Banks?
On the official marketexchange rates remain stable, according to the latest quotes from the Bank of Algeria in effect from November 1 to November 5. The euro displays a purchase rate of 144.71 Algerian dinars and sells at 144.76 dinars. As for the American dollar, it remains stable at 133.18 dinars for buying and 133.19 dinars for selling.
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On the side of the pound sterlingthe rate stands at 171.76 Algerian dinars for purchases and 171.80 dinars for sales. Finally, the Canadian dollar also maintains its stable level with a rate of 95.53 Algerian dinars for purchases and 95.55 dinars for sales.
This stability of the dinar against the main foreign currencies on the official market contrasts with the increases observed on the informal markethighlighting the notable differences in exchange rate dynamics in Algeria.
