DZD Market Update
13 May 2026 • 00:40 GMT
The Algerian dinar has traded near seven-day lows against the US dollar, around 0.007551, just below its three-month average. Market stability remains, with the DZD holding within a narrow 3.4% range over recent days. Movements in oil and gas prices continue to influence the dinar, as these commodities are key to Algeria's foreign currency reserves.
While the dinar has weakened slightly against the USD, it remains relatively stable against other major currencies. For example, DZD has held close to its 3-month average against the euro at 0.006437 and the GBP at 0.005581, showing only small deviations. The currency has also seen minor gains against the Canadian dollar, reaching near 0.010350, close to its 3-month average.
Overall, the DZD's recent movements reflect ongoing market stability amidst fluctuating oil prices and regional economic factors. Traders should watch for any sudden shifts in oil markets or policy changes that could impact the dinar’s direction.