US Dollar to Gambian Dalasi Exchange Rate

Live Rate

= D 51.7500

Refreshing in: 60s | Thu, Oct 29, 11:47AM 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

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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

Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26 Oct 27 Oct 28
1 USD = 51.7500 Inverse: 0.0193 51.7650 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7600 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7800 Inverse: 0.0193 51.7500 Inverse: 0.0193

US Dollar to the Gambian Dalasi for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 51.3000 Inverse: 0.0195 51.1100 Inverse: 0.0196 51.0350 Inverse: 0.0196 50.9000 Inverse: 0.0196 51.1300 Inverse: 0.0196 51.4250 Inverse: 0.0194 51.6500 Inverse: 0.0194 51.8100 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.7500 Inverse: 0.0193

US Dollar to the Gambian Dalasi for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 27.5613 Inverse: 0.0363 29.4820 Inverse: 0.0339 33.8999 Inverse: 0.0295 32.6079 Inverse: 0.0307 43.1280 Inverse: 0.0232 38.9291 Inverse: 0.0257 42.6911 Inverse: 0.0234 47.3500 Inverse: 0.0211 49.5025 Inverse: 0.0202 51.0500 Inverse: 0.0196

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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