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US dollar to Djiboutian franc exchange rate
Find the best USD/DJF exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 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.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|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
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
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||177.8207 Inverse: 0.0056||178.0364 Inverse: 0.0056||178.0500 Inverse: 0.0056||178.0335 Inverse: 0.0056||177.9679 Inverse: 0.0056||178.0000 Inverse: 0.0056||178.1263 Inverse: 0.0056||178.1984 Inverse: 0.0056||177.9780 Inverse: 0.0056||177.9758 Inverse: 0.0056|
US Dollar to the Djibouti Franc for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||178.0500 Inverse: 0.0056||177.8878 Inverse: 0.0056||178.1463 Inverse: 0.0056||177.9953 Inverse: 0.0056||178.0187 Inverse: 0.0056||178.0500 Inverse: 0.0056||178.0539 Inverse: 0.0056||178.1114 Inverse: 0.0056||178.0307 Inverse: 0.0056||178.0031 Inverse: 0.0056|
US Dollar to the Djibouti Franc for the last 10 years
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||177.7210 Inverse: 0.0056||178.1055 Inverse: 0.0056||177.2664 Inverse: 0.0056||178.8363 Inverse: 0.0056||177.6000 Inverse: 0.0056||177.6971 Inverse: 0.0056||178.6500 Inverse: 0.0056||176.9600 Inverse: 0.0057||178.0000 Inverse: 0.0056||178.0500 Inverse: 0.0056|
Market rate for common transfer amounts USD to DJF
|US Dollars (USD)||Djibouti Franc (DJF)|
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