The DZD/EUR pair shows how many Euros are needed to buy one Algerian Dinar, reflecting Algeria's energy exports and Eurozone monetary policy.
The curve shows the change in one unit of DZD expressed in EUR. An upward slope means the base currency is strengthening relative to the quote currency; a downward slope indicates the opposite.
Use the 7-day, 30-day or 1-year periods to distinguish a short movement from a more lasting trend.
Volatility can reflect central-bank announcements, economic data, trade flows or risk sentiment. A chart is not a forecast: it describes the observations available for the selected period.
Du au · 25 observations
The DZD/EUR currency pair expresses the exchange rate between the Algerian Dinar (DZD), the official currency of Algeria, and the Euro (EUR), the common currency of the Eurozone. This directed pair indicates how many Euros are required to purchase one Algerian Dinar. An appreciation of the Dinar means the Euro weakens relative to it, making Algerian goods more expensive for Eurozone importers and reducing the cost of European products for Algerian consumers. The pair is relevant for trade between Algeria and the Eurozone, remittances, and investment flows.
The primary drivers of the DZD/EUR exchange rate stem from the monetary policies of the Bank of Algeria and the European Central Bank (ECB). Algeria's economy is heavily dependent on hydrocarbon exports, particularly oil and natural gas, making the Dinar sensitive to global energy prices. The ECB's interest rate decisions, inflation targeting, and quantitative easing measures influence the Euro's strength. Additionally, Algeria's foreign exchange reserves, fiscal policy, and political stability play a role. Trade flows, tourism, and capital movements between Algeria and the Eurozone also affect the pair. Risk sentiment in global markets can lead to capital flows into or out of the Euro, impacting the exchange rate.
Over the past several years, the DZD/EUR rate has been influenced by fluctuations in oil prices, which directly affect Algeria's export revenues and foreign currency reserves. The Euro has experienced periods of strength and weakness due to ECB policy shifts and economic conditions in the Eurozone. Without specific historical data, a qualitative assessment suggests that the pair tends to move in response to energy market developments and divergent monetary policies. The Bank of Algeria has historically managed the Dinar's value through interventions, while the ECB maintains an independent monetary policy focused on price stability. Future movements will depend on these structural factors and global economic conditions.
This analysis is provided for information only and is neither a forecast nor financial advice.
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| Date UTC | Rate | Change |
|---|---|---|
| 0,0065647 | +0.38% | |
| 0,00654016 | -0.33% | |
| 0,00656193 | +0.03% | |
| 0,00655994 | -0.32% | |
| 0,00658096 | -0.40% | |
| 0,00660711 | -0.10% | |
| 0,00661397 | +0.21% | |
| 0,00660032 | -0.38% |
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Displayed source: api.forex. Indicative values are used only as a visual fallback.