DZD to XCD Exchange Rate - Convert Algerian Dinar to East Caribbean Dollar

Converting from Algerian Dinar (DZD) to East Caribbean Dollar (XCD)

What is Algerian Dinar (DZD)

The Algerian Dinar (DZD) is the official currency of Algeria, a North African country known for its rich history and diverse culture. The dinar has been the primary currency since 1964, replacing the Algerian pound. It is abbreviated as DZD and is commonly represented by the symbol د.ج. The dinar is subdivided into 100 centimes, although centime coins are rarely used in everyday transactions.

The monetary authority responsible for the issuance and regulation of the Algerian Dinar is the Bank of Algeria. The DZD is considered a fiat currency, meaning its value is not backed by a physical commodity like gold or silver, but rather by the trust and stability of the government that issues it. As such, its value can fluctuate based on various factors such as economic performance, inflation rates, and geopolitical stability.

Exchange rates for the DZD can vary significantly depending on economic conditions and market sentiments. Internationally, the Algerian dinar is not a widely traded currency, which can make conversions to foreign currencies like the East Caribbean Dollar relatively complex.

What is East Caribbean Dollar (XCD)

The East Caribbean Dollar (XCD) is the currency used by eight members of the Eastern Caribbean States (ECS), including countries like Saint Kitts and Nevis, Antigua and Barbuda, and Dominica. The XCD is abbreviated as XCD and is commonly denoted by the symbol $ or EC$. Established in 1983, the East Caribbean Dollar replaced the Eastern Caribbean dollar that was in use prior to that date.

The XCD is pegged to the US dollar, maintaining a fixed exchange rate, which provides stability and predictability in transactions for the member states. One East Caribbean Dollar (XCD) is fixed at approximately $0.37 against the US dollar, making it easier for businesses and individuals within the member states to conduct international trade and tourism.

Each member country has the authority to issue its own banknotes and coins, although the design typically features symbols and imagery that reflect the local culture. The Eastern Caribbean Central Bank (ECCB) is responsible for maintaining monetary stability in the region and managing the currency.

Converting DZD to XCD

When looking to convert Algerian Dinar (DZD) to East Caribbean Dollar (XCD), it is essential to check the current exchange rate, as it can fluctuate due to market forces. Various online currency converters and foreign exchange services can provide the latest rates. It's also advisable to be aware of any transaction fees when using banks or currency exchange services, as they can impact the actual amount received during conversion.

In summary, understanding both the Algerian Dinar and East Caribbean Dollar not only helps with financial transactions but also provides insight into the economic landscapes of Algeria and the Eastern Caribbean countries.

Algerian Dinar to East Caribbean Dollar conversion table

DZD to XCD conversion table

Algerian Dinar (DZD)East Caribbean Dollar (XCD)
1 DZD0.02020762284 XCD
2 DZD0.04041524569 XCD
3 DZD0.06062286853 XCD
4 DZD0.08083049137 XCD
5 DZD0.10103811422 XCD
6 DZD0.12124573706 XCD
7 DZD0.1414533599 XCD
8 DZD0.16166098275 XCD
9 DZD0.18186860559 XCD
10 DZD0.20207622843 XCD
100 DZD2.02076228432 XCD
200 DZD4.04152456864 XCD
300 DZD6.06228685297 XCD
400 DZD8.08304913729 XCD
500 DZD10.10381142161 XCD
600 DZD12.12457370593 XCD
700 DZD14.14533599025 XCD
800 DZD16.16609827458 XCD
900 DZD18.1868605589 XCD
1 000 DZD20.20762284322 XCD
2 000 DZD40.41524568644 XCD
5 000 DZD101.0381142161 XCD
10 000 DZD202.0762284322 XCD
20 000 DZD404.15245686439 XCD
50 000 DZD1 010.38114216098 XCD
100 000 DZD2 020.76228432196 XCD
Last updated March 14, 2025 at 11:55 PM