This Wednesday, May 17, 2023, traders in Square Port Saïd in Algiers are exchanging the unit of the euro for 224.00 Algerian dinars for purchase and for 226.00 Algerian dinars for sale. While at the official market of the Bank of Algeria, the single euro is bought at 147.89 Algerian dinars and sold at 147.93 Algerian dinars.
In addition, traders on the parallel market have established the buying rate for one US dollar at 204.00 Algerian dinars, while its selling rate is 206.00 Algerian dinars. However, quotations from the Bank of Algeria indicate that the buying rate for this same currency is 135.85 Algerian dinars, while its selling rate is 135.87 Algerian dinars.
In addition, at Square d’Alger, it is possible to acquire British currency for 250.00 Algerian dinars on purchase, and resell it at 252.00 Algerian dinars. On the other hand, the opening trade quotations of the Algerian dinar at the Bank, for the period from May 16 to 18, 2023, indicate that the pound sterling, currency of the United Kingdom, can be bought at 169.86 Algerian dinars and sold at 169.92 dinars Algerians.
It should be noted that parallel market traders offer the Saudi riyal at a buying rate of 52.50 Algerian dinars and at a selling rate of 54.50 Algerian dinars. Regarding the Bank of Algeria, you have the option of buying a unit of Saudi currency at 36.22 Algerian dinars and selling it at 36.23 Algerian dinars.
Dinar exchange rate at the Bank and on the black market this Wednesday, May 17
Finally, and to recap, you will find below a table summarizing the exchange rates of the Algerian dinar against the main foreign currencies in the Bank and on the black market for this Wednesday, May 17, 2023:
