US Dollar to Gambian Dalasi Exchange Rate

Live Rate

= D 51.8700

Refreshing in: 60s | Sat, Aug 08, 03:26PM GMT

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Get the best exchange rate between the US dollar and Gambian dalasi?

To get the best exchange rate between the US dollar and Gambian dalasi you need to be aware of what the mid-market exchange rate is.

When sending money to Gambia, or perhaps making a purchase in the country, online money transfer services are often the most efficient option because:

  • Exchange rates are much closer to the mid-market rate when compared to traditional banks
  • Transaction is generally processed faster
  • Fees are low and competitive

Travelers to Ghana should bring US dollars in cash and exchange currencies once in the country. There are several foreign exchange bureaus in the capital city that’ll gladly accept US dollars for Gambian dalasi.

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

Gambian Dalasi

The dalasi is the official currency of Gambia, the smallest country in Africa. A British colony until 1965, Gambia’s industries include tourism, fish and peanuts.
Currency:Gambian Dalasi
Currency Symbol:D
Sub unit:butut
Bank notes:5, 10, 20, 25, 50, 100, 200 dalasis
Coins:1, 5, 10, 25, 50 bututs, 1 dalasi

What affects exchange rates between the US dollar and the Gambian dalasi?

The exchange rate between the Gambian dalasi and the US dollar is currently managed by the Gambian Central Bank and isn’t affected by any external factors. However, a problem for Gambian authorities is that they’re spending huge amounts of foreign currency reserves to maintain the peg.

The central bank would longer be able to maintain the currency peg and could be forced to either devalue the currency or scrap the peg policy altogether if the economic situation in Gambia worsened by any drastic changes in the following:

  • Interest rates in either country
  • Balance of trade between the two countries
  • Employment levels and economic developments in Gambia
  • Sharp fluctuations in the value of the US dollar against other major currencies

Send money from USD to GMD

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 1 Within an hour USD 3.99 51.559 GMD 25,574 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. Go to site Show details
USD 1 3 - 5 days USD 20.00 50.573 GMD 24,275 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 50.833 GMD 25,365 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 Gambian dalasi trade against the US dollar historically?

Several different peg policies have been in place over the years to try to control the sharp fluctuations in the value of the dalasi compared to the US dollar and other currencies. In 2013, the Gambian government also introduced strict controls on foreign currency exchange, leading to a sharp drop in the value of the dalasi compared to the US dollar.

  • Since 2008, the value of the Gambian dalasi has been in continuous decline compared to the US dollar. From a high during the financial crisis in 2008 of about 20 dalasi to 1 dollar, the value quickly dropped to 26 per dollar in the beginning of 2009.
  • Between 2009 and 2011, the exchange rate between the dalasi and dollar remained relatively stable at around 26 dalasi per dollar.
  • At the end of 2011, a new and long period of decline for the dalasi started when the dalasi moved from a value of about 26 per dollar to almost 45 per dollar in 2014. During these years, the exchange rate of the dalasi was also subject to several government-initiated revaluations.

US Dollar to the Gambian Dalasi for the last 10 days

Jul 29 Jul 30 Jul 31 Aug 01 Aug 02 Aug 03 Aug 04 Aug 05 Aug 06 Aug 07
1 USD = 51.8000 Inverse: 0.0193 51.8100 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.8700 Inverse: 0.0193 51.8700 Inverse: 0.0193 51.8500 Inverse: 0.0193 51.8700 Inverse: 0.0193

US Dollar to the Gambian Dalasi for the last 10 months

Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020
1 USD = 50.6000 Inverse: 0.0198 51.2200 Inverse: 0.0195 51.4200 Inverse: 0.0194 51.2000 Inverse: 0.0195 51.1000 Inverse: 0.0196 50.9750 Inverse: 0.0196 50.9000 Inverse: 0.0196 51.1200 Inverse: 0.0196 51.5500 Inverse: 0.0194 51.5900 Inverse: 0.0194

US Dollar to the Gambian Dalasi for the last 10 years

Aug 2010 Aug 2011 Aug 2012 Aug 2013 Aug 2014 Aug 2015 Aug 2016 Aug 2017 Aug 2018 Aug 2019
1 USD = 27.3743 Inverse: 0.0365 27.3525 Inverse: 0.0366 31.4864 Inverse: 0.0318 32.5737 Inverse: 0.0307 39.7104 Inverse: 0.0252 39.8051 Inverse: 0.0251 42.5757 Inverse: 0.0235 46.1500 Inverse: 0.0217 48.1000 Inverse: 0.0208 50.1000 Inverse: 0.0200

Get the best rates for USD/GMD exchanges

Market rate for common transfer amounts USD to GMD

US Dollars (USD) Gambian Dalasi (GMD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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