ChangeDA is a Mobile Application that collects currency exchange rate information Pound (£), Euro (€), US Dollar ($) and the Canadian dollar (C $) against the Algerian dinar at the parallel market in several points in Algiers + Gold prices

The Algerian case is very singular in the foreign exchange market, as the foreign currency is not available for purchase in the banks in the absence of bureaux de change, which allowed the proliferation of operations on the black market to a rate that does not meet any monetary rules.

The Place du Square Port-Said in Algiers is a reference for this parallel exchange system which dominates the market in addition to several informal exchange offices known to Algerians. Services offered in general food stores, Sale of clothing, mobile telephony and restaurants throughout the Algerian territory.

Introduction

ChangeDA is a popular online currency exchange platform that allows users to exchange various currencies, including the Algerian Dinar (DZD). The DZD exchange rate on ChangeDA fluctuates based on market conditions and is influenced by factors such as supply and demand, economic conditions, and political events.

Factors Influencing DZD Exchange Rate

* Economic Indicators: The strength of the Algerian economy, including GDP growth, inflation, and interest rates, affects the value of the DZD.

* Oil Prices: Algeria is a major oil exporter, and oil prices have a significant impact on the DZD exchange rate. Higher oil prices typically lead to a stronger DZD.

* Political Stability: Political instability or uncertainty can weaken the DZD. Conversely, a stable political environment can boost investor confidence and strengthen the currency.

* Foreign Exchange Reserves: The amount of foreign exchange reserves held by Algeria's central bank can influence the DZD exchange rate. Higher reserves provide a buffer against fluctuations in the market.

* Supply and Demand: The demand for DZD in the international currency market also affects its exchange rate. Factors such as international trade, tourism, and remittances can influence supply and demand.

Historical Trends

The DZD has experienced significant fluctuations over the past decade. It has been relatively stable against major currencies such as the US Dollar (USD) and Euro (EUR), but has depreciated against some emerging market currencies.

Live Exchange Rates

ChangeDA provides real-time exchange rates for the DZD against various currencies. These rates are constantly updated based on market conditions. Users can track the DZD exchange rate fluctuations and make informed decisions about their currency exchange transactions.

Exchange Fees and Commissions

ChangeDA charges competitive fees and commissions for currency exchange. These fees vary depending on the amount being exchanged and the currency pair involved. Users can compare fees with other platforms to ensure they are getting the best deal.

Conclusion

The DZD exchange rate on ChangeDA is determined by a combination of economic, political, and market factors. Users can monitor live exchange rates, track historical trends, and compare fees to make informed decisions about their currency exchange needs. ChangeDA offers a convenient and secure platform for exchanging DZD and other currencies.