Algerian dinar exchange rate: euro 276 DZD on parallel market vs 152 DZD official
Euro quoted around 276 DZD on the parallel market and about 152 DZD at the Bank of Algeria on 9 Nov; the dollar sits near 136 DZD officially, widening gaps for remittances.
The Algerian dinar exchange rate showed a large gap on 9 November 2026: the euro traded near 276 DZD in Algiers' square Port‑Saïd while the Banque d'Algérie's table placed the euro at about 152 DZD. This divergence matters because it affects what people and businesses actually get when they exchange cash or receive foreign transfers.
What happened: markets and official quotes
On 9 November, cash dealers at the square Port‑Saïd in Algiers were reporting the euro at about 276 dinars, according to Mediaterranee. com. The same day the Banque d'Algérie's daily table showed an official euro rate of roughly 152 dinars (the source gives 152.
EXDZ data for 9 November records market quotes close to those street rates: eurMarketBuy 274. 05 DZD. For the dollar, the Banque d'Algérie's table for the day shows about 136. 09 DZD, and EXDZ data lists usdOfficialBuy at 136. 25 DZD; parallel‑market quotes reported in the press were near 245–246 DZD.
Background — how we got here
The Banque d'Algérie publishes an official daily table that is used for transactions inside the banking system; Mediaterranee's report cites those official figures for 9 November. Parallel‑market prices are determined by supply and demand for banknotes on the street: tourism needs, the flow of diaspora cash, and how much foreign currency is physically circulating affect those quotes, according to the press coverage cited by Mediaterranee. com.
Over the week leading to 9 November the official euro rate moved only a little, with the Banque d'Algérie showing rates around 152 DZD on several days. By contrast, street prices for cash have been relatively stable near 276 DZD for the euro, reflecting persistent separation between the official and informal markets.
The figures in context — how big is the gap
Using the numbers reported, the parallel‑market euro price of about 276 DZD exceeds the official rate of about 152 DZD by roughly 80–81%, a difference flagged in the press and visible in both the Mediaterranee report and EXDZ data. That gap means a 100‑euro banknote sells for around 27,600 DZD on the street but would be valued at about 15,213 DZD at the Banque d'Algérie's official rate cited in the article.
For the dollar the pattern is similar: parallel quotes in the reports reached roughly 245. 50 DZD for sale versus an official rate near 136 DZD, another premium on the order of 80%. EXDZ data also shows a wide separation between market and official levels for major currencies on 9 November.
What this means for households and senders — sending and receiving cash
If you receive cash from abroad or buy foreign banknotes in Algiers, the amount you get in dinars will depend heavily on where the exchange happens. For people depending on physical euros or dollars sent by relatives, the common street price near 276 DZD per euro is the practical exchange they can access; the official rate does not translate into immediate cash at that level.
For those who plan to send money to Algeria or remit through formal channels, expect that bank transfers and currency conversions inside the banking system will use the Banque d'Algérie table (around 152 DZD per euro on 9 November). The press notes that the parallel market is driven by cash supply and demand — so remittance receivers who need immediate cash will typically face the parallel‑market dynamics cited by Mediaterranee.
What this means for businesses and the diaspora
Businesses that import goods and must pay in foreign currency will usually rely on official channels and banking rates; the official euro and dollar quotations published by the Banque d'Algérie are the reference for bank operations, as noted in the reporting. However, firms that trade in cash or operate informally may be exposed to parallel‑market prices and the volatility they bring.
For the diaspora, differences between the official and parallel markets matter for timing and method of transfer. Cash carried or posted to recipients will generally enter the local parallel market pricing; formal transfers into bank accounts will use the official table. The press points specifically to diaspora transfers as one of the factors that influence parallel prices.
What is still unknown
The immediate drivers behind daily shifts in parallel quotations — which cambistes, which neighborhoods, and how much cash is moving at any given time — vary and are only partially visible through press tallies; Mediaterranee notes that street figures are indicative and change with place and hour. The precise mechanics of how the Bank of Algeria adjusts the official dollar rate day‑to‑day (it ties movements to the euro‑dollar parity) are summarized in the reporting, but detailed policy intentions are not provided in the article.
Also unclear from the available reporting is how long the gap will persist or what combination of policy steps or shifts in cash flows would narrow it. The press pieces used for this explainer record recent rates and trends but do not present a timetable for change.
What to watch next
Watch the Banque d'Algérie's daily exchange table for official adjustments; the Mediaterranee report cites the central bank's daily numbers for 9 November and notes small official movements through the preceding week. Parallel‑market numbers are tracked live by local press outlets at public squares such as Port‑Saïd; those figures can move day to day.
Also track reported cash availability and stories about remittance flows from abroad: the press regularly links changes in the square‑Port‑Saïd quotes to diaspora transfers and to how many banknotes are circulating. For people planning transfers or trips, compare the Banque d'Algérie table and the parallel quotes reported by the press before you act.
Questions and answers
What is the Algerian dinar exchange rate today?
On 9 November 2026 the press reported the euro near 276 DZD on the parallel market and the Banque d'Algérie listed the euro around 152 DZD; EXDZ data for that date shows eurMarketBuy 274. 05 DZD.
What is the euro to dinar rate today in the parallel market?
Local press coverage for 9 November showed the euro near 276 DZD at Algiers' square Port‑Saïd; EXDZ data for the same day records a market sell at 276.
Should I use the official rate or the parallel rate when I send money to Algeria?
If you send money through formal bank transfers, banks will use the Banque d'Algérie's official table (about 152 DZD per euro on 9 November). Cash received on the street or exchanged with informal dealers will reflect parallel‑market quotes (around 276 DZD per euro), so the method you choose determines which rate applies.
How big is the gap between official and parallel rates and why does it matter?
On 9 November the gap was roughly 80–81% for the euro: parallel quotes near 276 DZD versus an official rate near 152 DZD. That difference affects how much dinar recipients of euros or dollars actually receive, and it influences decisions on whether to use banks or cash channels.
Where do these numbers come from and how accurate are they?
This explainer uses figures published by Mediaterranee. com, which cites the Banque d'Algérie and street quotes for Port‑Saïd on 9 November, together with EXDZ data for the same date. Street rates are indicative and vary by cambiste, place and time; official rates come from the central bank's daily table.
Sources
This explainer summarises reporting from the outlets below. Read the originals for full details.
Written with AI assistance from the sources listed and ExchangeDZ market data, then checked for accuracy and originality. Not financial advice.