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Parallel currency market: Another rise in the euro exchange rate

13/10/2020
Source : algerie360.com
Categories: Index/Markets

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The euro exchange rate on the parallel market has increased over the past two days, while the US dollar has remained stable.

In fact, the exchange rate of the euro on the parallel market has returned to 200 DA per 1 euro over the last two days, while the US dollar remained stable at the level of 170 to 171 dinars per US dollar during the sale. This stability has been recorded since September 29, when it was estimated at 168 DA at the time of sale, and 170 to 171 DA at the time of purchase.

Moreover, most other currencies, starting with the euro, rose in parallel markets. On September 29, the European currency was estimated at 196 DA for the purchase, and 198 DA for sale, before the increase, on 11 October last, at 198 DA and 200 DA.



In addition, the other currencies in demand on the Algerian parallel market have also maintained stability for more than a month. Thus, the Canadian dollar is worth 122 dinars when bought and 126 dinars when sold, the pound sterling, which remains the most traded currency on the market, is traded at 216 dinars when bought and 220 dinars when sold, while the Swiss franc is bought at 180 dinars by traders and sells for 183 dinars.

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