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About this currency pair
Euro (EUR) — the shared currency of the eurozone
The euro is the shared currency of the eurozone, used across many European economies rather than a single country. It was introduced for accounting and electronic payments in 1999 and euro cash followed in 2002, making it a common reference for travel, online shopping, invoices, salaries, savings and cross-border business inside Europe. It is also one of the main currencies followed in global foreign-exchange markets.
Algerian Dinar (DZD) — the currency of Algeria
The Algerian dinar was introduced after independence, replacing the franc-based colonial monetary system. The Algerian Dinar is used in Algeria, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are useful for travel, remittances, local pricing, accounting records and comparing costs with larger international currencies. The dinar name has roots in older Mediterranean and Middle Eastern monetary history, and is still common across parts of the Arab world.