Euro to Algerian dinar: the official vs Square parallel rate
How much is 1 euro to Algerian dinar on the black market today?
Two rates exist. The official Banque d'Algérie rate is about 158 DA per euro (our live mid, 46d ago). On the Square Port-Saïd parallel market the euro trades far higher — indicatively around 276-279 DA as observed on 2026-07-04 per exchangedz.com, babalweb.net. That is roughly 76% above official. The parallel rate moves daily and is informal — always check a current source before trading, and treat the official rate above as your benchmark.
The parallel figure is an INDICATIVE observation attributed to exchangedz.com, babalweb.net on 2026-07-04 — not an official or live rate, and not ours. It rots: the Square rate changes daily. Check a current source before you trade: exchangedz.com, babalweb.net.
Euro to dinar quick conversions (official rate)
| EUR | Official (DA) | Parallel (indic.) |
|---|---|---|
| €100 | 15 800 | ≈ 27 600–27 900 |
| €200 | 31 600 | ≈ 55 200–55 800 |
| €500 | 79 000 | ≈ 138 000–139 500 |
| €1000 | 158 000 | ≈ 276 000–279 000 |
Official column = our live EUR→DZD mid. Parallel column applies the indicative Square range above; treat it as a rough guide, not a quote.
Why is there a black market for the euro in Algeria?
The Algerian dinar is not freely convertible. Foreign-exchange controls in force since the 1970s make private currency exchange outside official channels legally restricted, yet a large informal market — centred on the Square Port-Saïd in Algiers — sets the rate most Algerians actually use.
The gap is driven by supply and demand for hard currency. The only legal personal channel is the "allocation touristique" — a tourist allowance of about €750 per traveller per year, far below real travel and import needs. Import restrictions push private importers to source euros informally. The informal market is estimated at several billion euros a year, fed heavily by retirees who worked in Europe.
Context source: fr.Wikipedia "Marché noir des devises en Algérie". This page is informational; exchanging currency outside authorised channels may be illegal in Algeria — we give no advice.