DZD Market Update
23 May 2026 • 01:24 GMT
The Algerian dinar has seen limited movement against the major currencies recently. against the US dollar, it remains quite stable, trading just below its 3-month average at around 0.007547. The range has been narrow, fluctuating between 0.007497 and 0.007755, showing little volatility. This stability reflects the ongoing influence of oil and gas prices, which are key sources of foreign currency for Algeria, and the country's broader economic challenges like public debt and subsidies.
Meanwhile, the dinar reached a 30-day high against the euro at approximately 0.006504, close to its recent range, indicating steady demand in that pairing. against the yen, the DZD traded at a 14-day high of about 1.2014, slightly above its average, in a stable range. The DZD also hit a 30-day high versus the Canadian dollar near 0.010436, pointing to some short-term strength.
Overall, the dinar continues to trade within relatively narrow ranges, with movements mainly driven by commodity prices and regional economic factors. Traders should keep an eye on oil markets and Algeria’s monetary policy for potential future shifts.