Foreign exchange guide to Algeria and the Algerian Dinar (DZD)
What's in this Algeria currency guide?
DZD News, Forecasts and Trends
Rabobank told Bloomberg TV in early April that they see a difficult virus affected year in 2020 for the Algerian dinar.
The below interactive chart shows the USD to DZD exchange rate, trend and recent alerts for the last 90 days.
ALERT:14-DAY LOWS |
USD/DZD at 128.18 was trading 2.6% above AVG:124.98 with LO:118.79 and HI:129.02 (90 days). ALERT: USD/DZD dropped to 14-DAY LOWS.
Frequently Asked Questions
What currency should I use in Algeria?
The domestic currency in Algeria is the Algerian Dinar.
What is the Algerian Dinar currency code and symbol?
The three letter currency code for the Algerian Dinar is DZD — symbol is دج.
Which countries use the Algerian Dinar?
It is the domestic currency in Algeria.
Is the Algerian Dinar a closed currency?
No, the Algerian Dinar is freely available and convertible. See guide: What is a closed currency?
Travel, Currency and Money saving tips for Algeria
Travel money for Algeria
Save money and time by Ordering your Algerian Dinar online from Travelex, you get better rates and can pick up the DZD cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Algerian Dinar otherwise you may get much worst exchange rates.
Sending money to Algeria
When searching around for information on how to get a good exchange rate when sending money to Algeria you need to start with finding out the latest Algerian Dinar foreign-transfer exchange rate.
Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save (we make that calculation easy here).
Get a better deal for foreign transfers to Algeria
When sending money to Algeria it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Algerian Dinar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted DZD amount will be transfered to the recipient account you specify in Algeria.
Use our Send to Algerian Dinar calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Algerian Dinar deposited into the recipient bank account and less margins and fees kept by the banks!