Algeria - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Algeria was 135.06 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 135.06 in 2021 and a minimum value of 3.84 in 1980.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 4.94
1961 4.94
1962 4.94
1963 4.94
1964 4.94
1965 4.94
1966 4.94
1967 4.94
1968 4.94
1969 4.94
1970 4.94
1971 4.91
1972 4.48
1973 3.96
1974 4.18
1975 3.95
1976 4.16
1977 4.15
1978 3.97
1979 3.85
1980 3.84
1981 4.32
1982 4.59
1983 4.79
1984 4.98
1985 5.03
1986 4.70
1987 4.85
1988 5.91
1989 7.61
1990 8.96
1991 18.47
1992 21.84
1993 23.35
1994 35.06
1995 47.66
1996 54.75
1997 57.71
1998 58.74
1999 66.57
2000 75.26
2001 77.22
2002 79.68
2003 77.39
2004 72.06
2005 73.28
2006 72.65
2007 69.29
2008 64.58
2009 72.65
2010 74.39
2011 72.94
2012 77.54
2013 79.37
2014 80.58
2015 100.69
2016 109.44
2017 110.97
2018 116.59
2019 119.35
2020 126.78
2021 135.06

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices