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On Monday, July 8, 2024, Algeria currency exchange rates Although the difference between official and parallel market rates continues to widen, it still shows relative stability. Data from the Central Bank of Algeria from August 16 to 20 highlight this trend. Find out in this article exchange rate Major currencies at the start of the week.
according to Official quote from Bank of Algeria, EUR Maintaining its value, the buying price is 147.33 Algerian dinars and the selling price is 147.36 Algerian dinars. Dollar It also maintained its position, with the purchase price set at 134.40 Algerian dinars and the sales price at 134.41 Algerian dinars.
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GBP, Its buying price is 173.06 Algerian dinars and its selling price is 173.12 Algerian dinars, slightly higher than the official market level of the Central Bank of Algeria. Canadian Dollar According to statistics, the buying price is 97.91 Algerian dinars and the selling price is 97.93 Algerian dinars. Official quotation.
Where does the dinar stand compared to currencies on the parallel market?
exist Parallel market at Port Said Square in Algiers, The European currency was trading at 239.00 ADD on the bid and 241.00 ADD on the ask. The US dollar was trading in a similar way, rising to 220.00 ADD on the bid and 222.00 ADD on the ask.
In the case of the United Kingdom, its currency is converted into Informal Market The purchase price is 280.00 ALD and the sale price is 282.00 ALD. On its own, the Canadian dollar shows a purchase value of 158.00 ALD and a sale value of 160.00 ALD.
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In short, although Algeria’s official currency exchange rate Looks stable, gaps persist Parallel market value The following table summarizes the exchange rates of the main foreign currencies in Algeria on the official and informal markets as of Monday, July 8, 2024:
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