US Dollar to Djibouti Franc Exchange Rate

Live Rate

= Fdj 178.0000

Refreshing in: 60s | Mon, Jun 01, 12:52PM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable

Why we like: WorldRemit

WorldRemit - United States

Why we like: WorldRemit

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

  • Use promo code 3FREE to send your first three transfers with no fee.
  • No minimum transfers.
  • Wide range of destinations.
  • Competitive exchange rate.
Promoted

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 1 3 - 5 days USD 20.00 173.55 DJF 83,304 The biggest name in money transfers can get your funds to friends, family, or businesses in almost every corner of the globe. Show details
USD 1 Same day USD 1.00 174.44 DJF 87,046 No fees for bank account transfers and cash pickup at 240,000 locations in 130+ countries. Go to site Show details

Compare up to 4 providers


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

May 22 May 23 May 24 May 25 May 26 May 27 May 28 May 29 May 30 May 31
1 USD = 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0250 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056

US Dollar to the Djibouti Franc for the last 10 months

Aug 2019 Sep 2019 Oct 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020
1 USD = 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0000 Inverse: 0.0056 178.0500 Inverse: 0.0056 178.0500 Inverse: 0.0056

US Dollar to the Djibouti Franc for the last 10 years

Jun 2010 Jun 2011 Jun 2012 Jun 2013 Jun 2014 Jun 2015 May 2016 May 2017 May 2018 May 2019
1 USD = 177.7210 Inverse: 0.0056 177.7210 Inverse: 0.0056 179.3355 Inverse: 0.0056 177.5109 Inverse: 0.0056 178.6630 Inverse: 0.0056 177.1934 Inverse: 0.0056 177.7525 Inverse: 0.0056 178.9000 Inverse: 0.0056 178.0500 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

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site