PEL to DZD Converter and calculator


Conversion rates
Convert PEL to DZD
Convert DZD to PEL
PEL to DZD chart
PEL to DZD conversion data: Volatility and price changes of Propel in DZD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.04695 DZD | 0.04695 DZD | 0.09407 DZD | 0.1324 DZD |
Low | 0.04695 DZD | 0.04695 DZD | 0.03977 DZD | 0.02328 DZD |
Average | 0 DZD | 0 DZD | 0 DZD | 0 DZD |
Volatility | % | % | % | % |
Change | -0.00% | -0.12% | -25.31% | +922.88% |
Propel information
PEL to DZD market statistics
Current PEL to DZD exchange rate
Propel to Algerian Dinar is falling this week.More info about Propel on Bitget
Algerian Dinar information
About Algerian Dinar (DZD)
The Algerian Dinar (DZD), the official currency of Algeria, embodies the country's rich history, cultural heritage, and economic aspirations. It is commonly abbreviated as DZD and represented by the symbol د.ج. Introduced in 1964, two years after Algeria's independence from France, the Dinar is more than just a medium of exchange. It represents Algeria’s journey through post-colonial recovery, socialist policies, and gradual economic liberalization.
Historical Background
The transition to the Algerian Dinar from the Algerian Franc symbolized a significant break from the colonial past and a step towards economic sovereignty. This change was part of a broader movement to assert national identity and foster economic independence in the newly liberated nation.
Design and Symbolism
The design of the Algerian Dinar reflects the country’s historical and cultural legacy. Banknotes and coins feature prominent figures from Algeria’s past, including ancient heroes and modern leaders. They also showcase landmarks, like the Maqam Echahid monument, and natural wonders, symbolizing Algeria's diverse landscapes from the Mediterranean coast to the Sahara desert. These elements are not just decorative; they are powerful symbols of Algeria’s identity and pride.
Economic Role
The Dinar is central to Algeria’s economy, characterized by its significant oil and gas reserves. The currency facilitates trade in these key sectors, as well as in agriculture, manufacturing, and services. The value and stability of the Dinar are crucial for economic growth, affecting everything from government revenue to the cost of imports.
Monetary Policy and Inflation
Managed by the Bank of Algeria, the country’s central bank, the Dinar’s value is influenced by monetary policies, global oil prices, and foreign exchange reserves. The bank faces the challenge of controlling inflation while maintaining sufficient foreign exchange reserves, critical in an economy heavily reliant on hydrocarbon exports.
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PEL to DZD Conversion tables
Amount | 06:03 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PEL | د.ج0 | د.ج0 | -0.00% |
1 PEL | د.ج0 | د.ج0 | -0.00% |
5 PEL | د.ج0 | د.ج0 | -0.00% |
10 PEL | د.ج0 | د.ج0 | -0.00% |
50 PEL | د.ج0 | د.ج0 | -0.00% |
100 PEL | د.ج0 | د.ج0 | -0.00% |
500 PEL | د.ج0 | د.ج0 | -0.00% |
1000 PEL | د.ج0 | د.ج0 | -0.00% |
PEL to DZD FAQ
What factors influence the conversion rate of PEL to DZD?
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