💱 USD to DZD Converter
Live US Dollar to Algerian Dinar exchange rate — updated in real-time
USD to DZD — Overview
The USD to DZD exchange rate shows how many Algerian Dinars one US Dollar can buy. Algeria's currency is managed by the Bank of Algeria and is not freely convertible on international markets.
History & Background
The Algerian Dinar (DZD) was introduced in 1964 after independence. Algeria operates a managed float exchange rate system. The Dinar has depreciated significantly over the decades due to inflation and oil price fluctuations, as Algeria's economy is heavily dependent on hydrocarbon exports.
Key Factors Affecting USD/DZD
The USD/DZD rate is primarily influenced by global oil prices (Algeria is a major oil exporter), Bank of Algeria monetary policy, inflation differentials, and Algeria's foreign exchange reserves. The parallel market rate often differs significantly from the official rate.
Tips for Exchanging USD to DZD
When exchanging USD to DZD in Algeria, use official banks or authorized exchange offices. Be aware that a parallel (black market) exists but using it is illegal. The official rate is set by the Bank of Algeria.