Tunisian Dinar Recently Declined Against the Euro
The Tunisian dinar has recently fallen against the euro. For over a week, the bank exchange rate has been 3.4 dinars for one euro, according to data from the Central Bank of Tunisia. This is the second time the dinar has reached such a low level against the European currency, the first being in July 2023.
On September 15, 2025, one euro was exchanged for 3.414 dinars, while one dollar was worth 2.910 dinars on the banking market. To recall, the previous record for the euro against the dinar dates back to April 19, 2019, where it exceeded the threshold of 3.3 dinars.
Since the beginning of the year, the Tunisian dinar has lost 2.8% of its value against the euro. In contrast, it has strengthened by 8.4% against the US dollar since January 2025.
A Phenomenon Linked to the Global Market
According to financial analyst Bassam Neifar, this decline of the dinar against the euro is not due to internal pressures. Rather, it is a global phenomenon. The euro is indeed on its way to reaching 1.2 dollars, its best performance in four years.
According to Mr. Neifar, this trend is due to expectations of a future decrease in interest rates by the US Federal Reserve (the Fed). In contrast, the European Central Bank has put an end to its cycle of lowering interest rates. This makes the euro more attractive to investors, leading to an increase in its value against the dollar. The increase in the price of the euro against the Tunisian dinar is therefore a logical consequence of this situation.
A Positive Impact on the Tunisian Economy
The decline of the dinar against the euro could actually be beneficial for the Tunisian economy. Given that around 50% of financial revenues are generated in euros, their value will be mechanically increased by this higher exchange rate.
Furthermore, a significant portion of imports, including oil, energy, and food products, is invoiced in dollars. The decline of the dollar against the dinar is therefore also a positive point.
Finally, regarding exports, of which 78% of receipts are in euros, the current situation is particularly favorable.
In conclusion, Bassem Neifer estimates that this situation is beneficial for the Tunisian economy, at least in the short term. The country can thus import at a lower cost (in dollars) and export at a higher price (in euros).
