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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.49%
BTC/USDT$79152.95 (-4.41%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.49%
BTC/USDT$79152.95 (-4.41%)Fear and Greed Index34(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
PRL
DZD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of The Parallel(PRL) to Algerian Dinar(DZD). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL for 0.08 DZD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
DZD information
About Algerian Dinar (DZD)
The Algerian Dinar (DZD), the official currency of Algeria, embodies the country's rich history, cultural heritage, and economic aspirations. It is commonly abbreviated as DZD and represented by the symbol د.ج. Introduced in 1964, two years after Algeria's independence from France, the Dinar is more than just a medium of exchange. It represents Algeria’s journey through post-colonial recovery, socialist policies, and gradual economic liberalization.
Historical Background
The transition to the Algerian Dinar from the Algerian Franc symbolized a significant break from the colonial past and a step towards economic sovereignty. This change was part of a broader movement to assert national identity and foster economic independence in the newly liberated nation.
Design and Symbolism
The design of the Algerian Dinar reflects the country’s historical and cultural legacy. Banknotes and coins feature prominent figures from Algeria’s past, including ancient heroes and modern leaders. They also showcase landmarks, like the Maqam Echahid monument, and natural wonders, symbolizing Algeria's diverse landscapes from the Mediterranean coast to the Sahara desert. These elements are not just decorative; they are powerful symbols of Algeria’s identity and pride.
Economic Role
The Dinar is central to Algeria’s economy, characterized by its significant oil and gas reserves. The currency facilitates trade in these key sectors, as well as in agriculture, manufacturing, and services. The value and stability of the Dinar are crucial for economic growth, affecting everything from government revenue to the cost of imports.
Monetary Policy and Inflation
Managed by the Bank of Algeria, the country’s central bank, the Dinar’s value is influenced by monetary policies, global oil prices, and foreign exchange reserves. The bank faces the challenge of controlling inflation while maintaining sufficient foreign exchange reserves, critical in an economy heavily reliant on hydrocarbon exports.
Bitget crypto-to-fiat exchange data shows that the most popular The Parallel currency pair is the PRL to DZD, with for The Parallel's currency code being PRL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for DZD.
PRL to DZD conversion rate trend
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In the past 1D, The Parallel has changed -0.16% to DZD. Based on the trend and price charts, The Parallel(PRL) has changed -0.16% to DZD while Algerian Dinar(DZD) has changed % to PRL in the last 24 hours.
PRL to DZD market statistics
PRL/DZD:
د.ج 0.07520
PRL 24h volume:
د.ج 362.04
PRL market cap:
--
PRL circulating supply:
0 PRL
More info about The Parallel on Bitget
Current PRL to DZD exchange rate
The Parallel to Algerian Dinar is falling this week.The Parallel's current market price is د.ج 0.07520 per PRL, with a total market cap of د.ج 0 DZD based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by 0.00% (د.ج 0 DZD) in the last 24 hours. Last trading day, PRL's trading volume was د.ج 362.04.
PRL to DZD Conversion tables
The exchange rate of The Parallel is decreasing.1 PRL is currently valued at د.ج 0.07520 DZD , which means buying 5 PRL will cost د.ج 0.3760 DZD . Similarly, د.ج1 DZD can be traded for 13.3 PRL, and د.ج50 DZD can be converted to 664.89 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Algerian Dinar has changed by -0.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.16%, reaching a high of 0.07536 DZD and a low of 0.07522 DZD . One month ago, the value of 1 PRL was د.ج 0.07523 DZD , which represents a -0.03% change from its current value. Over the last year, The Parallel has changed by , resulting in a change of -21.04% in its value.
-د.ج
0.02004DZDPRL to DZD
Amount
19:48 today
0.5 PRL
د.ج0.03760
1 PRL
د.ج0.07520
5 PRL
د.ج0.3760
10 PRL
د.ج0.7520
50 PRL
د.ج3.76
100 PRL
د.ج7.52
500 PRL
د.ج37.6
1000 PRL
د.ج75.2
DZD to PRL
Amount19:48 today
0.5DZD6.65 PRL
1DZD13.3 PRL
5DZD66.49 PRL
10DZD132.98 PRL
50DZD664.89 PRL
100DZD1,329.78 PRL
500DZD6,648.88 PRL
1000DZD13,297.76 PRL
PRL to DZD Today vs. 24 hours ago
| Amount | 19:48 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 PRL | د.ج0.03760 | د.ج0.03766 | -0.16% |
| 1 PRL | د.ج0.07520 | د.ج0.07532 | -0.16% |
| 5 PRL | د.ج0.3760 | د.ج0.3766 | -0.16% |
| 10 PRL | د.ج0.7520 | د.ج0.7532 | -0.16% |
| 50 PRL | د.ج3.76 | د.ج3.77 | -0.16% |
| 100 PRL | د.ج7.52 | د.ج7.53 | -0.16% |
| 500 PRL | د.ج37.6 | د.ج37.66 | -0.16% |
| 1000 PRL | د.ج75.2 | د.ج75.32 | -0.16% |
PRL to DZD Today vs. 1 month ago
| Amount | 19:48 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 PRL | د.ج0.03760 | د.ج0.03761 | -0.03% |
| 1 PRL | د.ج0.07520 | د.ج0.07523 | -0.03% |
| 5 PRL | د.ج0.3760 | د.ج0.3761 | -0.03% |
| 10 PRL | د.ج0.7520 | د.ج0.7523 | -0.03% |
| 50 PRL | د.ج3.76 | د.ج3.76 | -0.03% |
| 100 PRL | د.ج7.52 | د.ج7.52 | -0.03% |
| 500 PRL | د.ج37.6 | د.ج37.61 | -0.03% |
| 1000 PRL | د.ج75.2 | د.ج75.23 | -0.03% |
PRL to DZD Today vs. 1 year ago
| Amount | 19:48 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 PRL | د.ج0.03760 | د.ج0.04762 | -21.04% |
| 1 PRL | د.ج0.07520 | د.ج0.09524 | -21.04% |
| 5 PRL | د.ج0.3760 | د.ج0.4762 | -21.04% |
| 10 PRL | د.ج0.7520 | د.ج0.9524 | -21.04% |
| 50 PRL | د.ج3.76 | د.ج4.76 | -21.04% |
| 100 PRL | د.ج7.52 | د.ج9.52 | -21.04% |
| 500 PRL | د.ج37.6 | د.ج47.62 | -21.04% |
| 1000 PRL | د.ج75.2 | د.ج95.24 | -21.04% |
How to convert PRL to DZD
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Convert PRL to DZD
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.
Buy PRL (or USDT) for DZD (Algerian Dinar) offers
Bitget P2P trading does not currently support direct buying of PRL with DZD. However, you can buy USDT in Bitget P2P trading first, and then buy PRL with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell PRL (or USDT) for DZD (Algerian Dinar) offers
Bitget P2P trading currently does not support direct selling of PRL to DZD. However, you can first exchange PRL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of PRL to DZD?
There are many factors that affect the relationship between The Parallel and Algerian Dinar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PRL/DZD. When there is positive news in the market about the widespread adoption of PRL or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PRL/DZD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PRL/DZD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PRL/DZD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of The Parallel and adjust their investment strategies accordingly in the evolving market.
The Parallel price prediction
What will the price of PRL be in 2026?
Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0006715 in 2026.
What will the price of PRL be in 2031?
In 2031, the PRL price is expected to change by -1.00%. By the end of 2031, the PRL price is projected to reach $0.001182, with a cumulative ROI of +109.19%.
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Popular The Parallel Converter
Check out these popular currency conversions of The Parallel to several fiat currencies.
PRL to TWD
1 PRL to NT$ 0.01873 TWD
PRL to CNY
1 PRL to ¥ 0.004110 CNY
PRL to USD
1 PRL to $ 0.0005643 USD
PRL to DZD
1 PRL to د.ج 0.07520 DZD
PRL to EUR
1 PRL to € 0.0005149 EUR
PRL to CAD
1 PRL to $ 0.0008029 CAD
PRL to KRW
1 PRL to ₩ 0.8236 KRW
PRL to JPY
1 PRL to ¥ 0.08298 JPY
PRL to GBP
1 PRL to £ 0.0004381 GBP
PRL to BRL
1 PRL to R$ 0.003297 BRL
Popular cryptocurrencies to DZD
Explore other cryptocurrencies based on your interest in The Parallel.
PI to DZD
1 PI to د.ج 79.99 DZD
FIL to DZD
1 FIL to د.ج 323.55 DZD
ATOM to DZD
1 ATOM to د.ج 599.48 DZD
USUAL to DZD
1 USUAL to د.ج 18.06 DZD
BTC to DZD
1 BTC to د.ج 10,607,237.42 DZD
CRTS to DZD
1 CRTS to د.ج 0.05013 DZD
ZRO to DZD
1 ZRO to د.ج 338.93 DZD
VIDT to DZD
1 VIDT to د.ج 2.91 DZD
AMP to DZD
1 AMP to د.ج 0.4433 DZD
BERA to DZD
1 BERA to د.ج 667.8 DZD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Parallel and DZD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Parallel and DZD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of The Parallel in DZD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
