Parallel Dollar Rate in Syria

What is the Parallel Rate?

The parallel (or black market) exchange rate in Syria is the rate at which foreign currency is bought and sold outside official banking channels. It emerges when official supply cannot meet demand, creating a premium above the central bank rate.

A spread of 15.4% means buying dollars at the parallel rate in Syria costs 15.4% more than the official rate. Tracking this spread helps traders, importers, and expatriates make informed decisions about when and where to exchange currency.