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During the week of Eid al-Adha, the Algerian currency exchange rate appears to have maintained some stability, despite the discrepancy between the official rate and the informal market rate. Official data from the Central Bank of Algeria for the period June 19-21, 2024 illustrate this trend.
On the official market, the euro maintained its exchange rate, buying at 144.33 ALD and selling at 144.36 ALD. The US dollar showed similar values, buying at 134.41 ALD and selling at 134.43 ALD. In addition, the British pound is currently buying at 171.08 ALD and selling at 171.16 ALD.
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This apparent stability of the official value contrasts sharply with the exchange rates observed on the black market. Port Said Square, AlgiersIn this informal market, the Euro hit new highs, trading as high as 234.00 ALD on the buy side and 236.00 ALD on the sell side. Similarly, the US dollar was trading at 217.00 ALD on the buy side and 220.00 ALD on the sell side. As for the British pound, the British pound maintained a high exchange rate, trading at 262.00 ALD on the buy side and 265.00 ALD on the sell side.
Summer 2024: How much is the Tunisian Dinar?
With summer just around the corner, many Algerians are starting to plan their vacations to Tunisia. The recent opening of train travel between the two countries has made travel easier, attracting more and more tourists. For those preparing to leave, it is essential to know the current exchange rate of the Tunisian currency.
At the level Bank of Algeriathe purchase price of the Tunisian dinar was 42.66 Algerian dinars and the selling price was 43.08 Algerian dinars. On the parallel trading market, the Tunisian currency was bought at 68.00 Algerian dinars and sold at 70.00 Algerian dinars.
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For an overview of the main foreign exchange rates for Thursday, June 20, 2024, please see the summary table below. It will give you a better understanding of the dynamics of the Algerian foreign exchange market, the relationship between official values and informal market values:
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