DZD Market Update
02 May 2026 • 01:34 GMT
The Algerian dinar remains close to its recent highs against the US dollar, trading near 0.007554, just below its 3-month average of around 0.007605. This marks a slight increase over the past week, despite the dollar's broader rebound supported by rising oil prices and strong US growth signals. The dinar's stability reflects ongoing pressure from oil and gas revenues, which are key sources of foreign currency for Algeria, although volatility persists due to fluctuations in global energy markets and domestic economic factors.
Meanwhile, the dinar has also held steady against the euro and other major currencies, trading near 0.006442 (EUR) and 0.005563 (GBP). Notably, the dinar has seen some strength against the Indian Rupee, reaching near 0.7168, a 90-day high, underscoring relative resilience in regional trade flows.
Overall, while the US dollar has gained ground globally, the Algerian dinar has maintained its recent strength against the dollar, supported by stable oil revenues and cautious market sentiment. Traders should keep an eye on oil prices and geopolitical developments, which could influence future moves in the dinar’s exchange rates.