The dinar exchange rate continued to show resilience against the major currencies in February 2025, appreciating by 0.6% against the US dollar and 0.1% against the euro on a monthly average basis.
According to Central Bank of Tunisia’s “Note on Economic and monetary Developments and Inflation Outlook/April 2025” report published on Monday, the dinar appreciated by 1.9% on average against the euro in the first two months of 2025, compared to a depreciation of 1.4% in the same period last year.
Against the US dollar, the dinar depreciated by an average of 2.4 % in the period under review, compared with a depreciation of 0.4 % in the previous year.
“In effective terms, the nominal exchange rate (NEER) recorded a slight depreciation of 0.4% on average in the first two months of 2025, compared with a depreciation of 0.9% a year earlier,” the BCT noted.
“As regards the real effective exchange rate (REER), the appreciation trend that started in 2023 continued in the first two months of 2025, albeit at a less pronounced pace.
Over the first two months of 2025 as a whole, the Tunisian dinar appreciated by an average of 2.5% year-on-year, compared with an appreciation of 3.6% a year earlier, thus helping to reduce the pressure of the exchange rate on price levels and to continue the gradual disinflation process”.
