US Dollar to Djibouti Franc Exchange Rate

Live Rate

= Fdj 178.0000

Refreshing in: 60s | Sat, Oct 19, 04:10AM GMT

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How can I get the best exchange rate between US dollar and the Djiboutian franc?

To get the best exchange rate between the US dollar and the Djiboutian franc, you should first check here on Finder.com to find the real, live exchange rate of the currency. This is what’s known as the mid-market exchange rate, and is the same rate as banks use to trade between themselves.
However, when the bank offers you an exchange rate, they have already added a premium on top of their own rate, making you lose money in the process.
Because of this, you should instead compare the exchange rate offered by different online money transfer services if you need to send money to someone in Djibouti. These often offer a much better rate than banks do. Pick the one that offer an exchange rate as close as possible to the mid-market rate, but keep in mind that some of them may add fixed service fees in addition.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Djibouti Franc

The Djibouti franc is the official currency of the French- and Arabic-speaking East African country of Djibouti. Introduced in 1949 as an independent currency, it is pegged to the US dollar.
Currency:Djibouti Franc
Currency Symbol:Fdj
Sub unit:centime
Bank notes:1000, 2000, 5000, 10,000 Fdj
Coins:1, 2, 5, 10, 20, 50, 100, 250, 500 Fdj

What affects exchange rates between the US dollar and the Djiboutian franc?

The Djiboutian franc has been pegged to the US dollar at a fixed rate since 1973. Because of this, the exchange rate between the US dollar and the Djiboutian franc only experiences very small fluctuations. As long as the Djiboutian Central Bank keeps its peg policy with the dollar, this exchange rate will remain the same.
If you are planning to transfer a lot of money to Djibouti it is a good idea to follow closely all official statements from the Djiboutian Central Bank about the peg policy with the US dollar. If the economic situation in either Djibouti or the United States changes dramatically, it may cause the central bank to revalue the currency or even scrap the peg altogether. Examples of things that could make this happen would be a new financial crisis or sharp changes in the value of the US dollar.

Send money from USD to DJF

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days USD 0.00 177.288 DJF 88,644 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 3 - 5 days USD 0.00 174.44 DJF 87,220 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

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How does the Djiboutian franc trade against the US dollar historically?

As a former French colony, French francs have been circulating in Djibouti since 1884, along with Indian rupees. The Djiboutian franc was first introduced in 1949 with a peg to the US dollar of 214 francs to 1 US dollar. Since then, the franc has been revalued two times against the dollar, one time in 1971 and again in 1973.

Since the last revaluation in 1973, the Djiboutian franc has been pegged to the US dollar at a rate of 177 francs to 1 dollar, which remains until today.

Djibouti today is a small economy that is highly dependent on trade with foreign countries. The country struggles with high unemployment, high poverty, and an unskilled work force. Because of this, most of Djibouti’s revenues come from its port and strategic position as a refueling port for commercial ships in the Red Sea.

If international trade and shipping declines, the Djiboutian economy would suffer badly and even more pressure would be added on the Djiboutian franc. In this situation, the Djiboutian Central Bank may be forced to devalue the Djiboutian franc compared to the US dollar.

US Dollar to the Djibouti Franc for the last 10 days

Oct 09 Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18
1 USD = 178.0000 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056

US Dollar to the Djibouti Franc for the last 10 months

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019
1 USD = 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0500 Inverse: 0.0056

US Dollar to the Djibouti Franc for the last 10 years

Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018
1 USD = 177.7210 Inverse: 0.0056 177.7210 Inverse: 0.0056 177.7210 Inverse: 0.0056 178.0950 Inverse: 0.0056 176.9020 Inverse: 0.0057 178.2381 Inverse: 0.0056 177.6700 Inverse: 0.0056 177.9202 Inverse: 0.0056 178.5700 Inverse: 0.0056 178.0000 Inverse: 0.0056

Market rate for common transfer amounts USD to DJF

US Dollars (USD) Djibouti Franc (DJF)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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