Exchange Rate in Algeria
Algeria - Exchange RateQ1 ushered in an economic recovery, with growth returning for the first time since the start of the pandemic amid improvements in private consumption, fixed capital investment and exports. Falling imports and heftier government spending also contributed. Looking at the breakdown by industry, the energy sector was the key driver. However, the reading was flattered by a base effect, while weak wage growth and elevated unemployment will have kept a lid on domestic demand. Looking beyond Q1, looser restrictions from late March and the reopening of borders from June should have aided activity. Moreover, oil output continued to rise through July. However, the nightly curfew was extended in July and August amid a rock-bottom vaccination rate and steadily rising Covid-19 cases. Lastly, recent wildfires could stoke ongoing social discontent and threaten economic and political stability.
Algeria - Exchange Rate Data
|Exchange Rate (vs USD)||107.1||110.4||114.8||118.3||119.1|
5 years of economic forecasts for more than 30 economic indicators.
Algeria Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||119.1||-0.11 %||Jan 01|
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