The value of foreign currencies is stagnating both on the official exchange market and on the informal market. This Tuesday, May 2, 2023, the currency traders of the Square Port Saïd of Algiers still yield the unit of the euro against 222.00 Algerian dinars for purchase and against 224.00 Algerian dinars for sale. In the Bank, the unit of this same currency is bought at 148.75 Algerian dinars and sold at 148.79 Algerian dinars.
In addition to the European currency, the US dollar buying rate remains at 202.00 Algerian dinars and its selling rate at 204.00 Algerian dinars, at the level of the informal stock market. However, the opening commercial quotations of the dinar at the Bank of Algeria from April 28 to May 2, 2023 show the purchase of the US dollar unit at 135.37 Algerian dinars and its sale at 135.39 Algerian dinars.
In addition, traders on the black market in Square d’Alger still exchange the single Canadian currency for 146.00 Algerian dinars for purchase and 148.00 Algerian dinars for sale. While in the Bank, the single Canadian dollar is bought at 99.22 Algerian dinars and sold at 99.26 Algerian dinars.
Finally, for pilgrims preparing to perform the Hajj for the year 2023, it is important to note that the Saudi Riyal is bought in black at 51.00 Algerian dinars and is sold at 54.00 Algerian dinars. While at the level of the official market of the Bank of Algeria, the Saudi currency is exchanged against 36.06 Algerian dinars for purchase and against 36.12 Algerian dinars for sale.
Exchange rate of the Algerian dinar in the Bank and on the black market this May 2
To recap, the table below summarizes the exchange rates of the Algerian dinar against the main foreign currencies for this Tuesday, May 2, 2023:
