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INR to DZD: Indian Rupee to Algerian Dinar

Live INR to DZD exchange rate today - 1 INR equals 1.4076 DZD, with an instant two-way converter for Indian Rupee to Algerian Dinar.

Today's INR to DZD Exchange Rate

1 INR = 1.407600 DZD

1 DZD = 0.7104 INR

Updated: September 3, 2026 ยท Source: Frankfurter API (blended central bank reference rates)

Currency Converter

1.00 Indian Rupee =

1.4076 Algerian Dinar

Last updated: September 3, 2026

This INR to DZD rate is sourced from the Frankfurter exchange rate API, which aggregates reference rates from central banks and financial data providers. Rates on this page are refreshed daily and reflect the mid-market exchange rate (the midpoint between buy and sell prices), rather than the retail rate offered at a bank or currency exchange counter.

Use the calculator above to convert any amount both ways: enter a value in either the INR box or the Algerian Dinar (DZD) box to see the live conversion instantly.

Related Data

What is INR (Indian Rupee)?

A managed float, not pegged to any other currency - the RBI lets the market set its value but occasionally buys or sells dollars to smooth out sharp swings.

Key Facts

  • ISO code: INR
  • Symbol: โ‚น
  • Subunit: 100 paise = 1 rupee
  • Issued by: Reserve Bank of India (RBI)

What is DZD (Algerian Dinar)?

A managed currency with a real, persistent gap between its official rate and Algeria's active informal/parallel market rate - a smaller-scale version of the dual-rate issue affecting IRR.

Key Facts

  • ISO code: DZD
  • Symbol: ุฏ.ุฌ
  • Subunit: 100 centimes = 1 dinar
  • Issued by: Banque d'Alg\xC3\xA9rie (Bank of Algeria)

Why Does the INR/DZD Exchange Rate Change?

The INR/DZD rate moves every trading day, driven mainly by:

  • Algeria's oil and natural gas export revenue - hydrocarbons dominate the country's foreign currency earnings, so global energy prices are the single biggest driver.
  • Bank of Algeria's managed approach to the official rate, which trades at a persistent discount to Algeria's active informal/parallel market rate.
  • Algeria's foreign exchange reserves, historically substantial given its energy exports, which give the central bank room to manage the currency.
  • Algerian government fiscal spending, closely tied to oil and gas revenue.
  • India-Algeria trade, notably energy-related.
  • RBI intervention and rupee-side factors.

Frequently Asked Questions

Is this the real market rate for the Algerian Dinar?

Treat it as the official rate with a real caveat: Algeria has an active informal/parallel currency market that trades at a meaningfully different (weaker) rate than the official one, a smaller-scale version of the gap that affects the Iranian Rial. The official rate here won't match what you'd get outside formal banking channels.

Why does the price of oil affect the Algerian Dinar so directly?

Hydrocarbon exports (oil and natural gas) dominate Algeria's foreign currency earnings, so global energy prices flow almost directly into how much foreign currency the country has, which shapes both the official exchange rate and the size of the gap with the parallel market rate.

Is this the bank rate or forex rate?

It's the mid-market rate, the midpoint between the buy and sell price on the global currency market, with no margin added. Banks, forex counters and card networks add their own markup on top, so the rate you're actually charged when exchanging cash or paying by card abroad will differ, usually by 1 to 4 percent in their favor.

How often is the rate updated?

Once a day, refreshed at 7:00 AM IST from the Frankfurter API.

Where do these rates come from?

Frankfurter (frankfurter.dev), a free exchange-rate API that blends official reference rates from multiple central banks rather than relying on a single source.

Can I use this rate for an actual currency conversion?

Use it as a reference for roughly what you should be getting, not as the exact rate you'll receive. An actual transaction, a bank transfer, cash exchange, or a card payment abroad, goes through your bank or exchange provider's own rate, which includes their margin and any transaction fees.

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