Best Dollar(USD) to Dalasi(GMD) exchange rate today | finder.com

US Dollar to Gambian Dalasi Exchange Rate

Live Rate

= D 49.5725

Refreshing in: 60s | Wed, 22 May 02:54am GMT

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Historical Rate chart of USD and GMD

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Updated: 22 May 2019 02:54:04 UTC
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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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    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 1 Within an hour USD 0.00 49.077 GMD 24,538 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 0.00 48.581 GMD 24,291 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

    May 12 May 13 May 14 May 15 May 16 May 17 May 18 May 19 May 20 May 21
    1 USD = 49.6000 Inverse: 0.0202 49.5000 Inverse: 0.0202 49.5525 Inverse: 0.0202 49.6025 Inverse: 0.0202 49.6000 Inverse: 0.0202 49.5500 Inverse: 0.0202 49.5500 Inverse: 0.0202 49.5500 Inverse: 0.0202 49.6225 Inverse: 0.0202 49.5725 Inverse: 0.0202

    US Dollar to the Gambian Dalasi for the last 10 months

    Jul 2018 Aug 2018 Sep 2018 Oct 2018 Nov 2018 Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019
    1 USD = 48.0500 Inverse: 0.0208 48.1125 Inverse: 0.0208 48.8000 Inverse: 0.0205 49.4000 Inverse: 0.0202 49.5150 Inverse: 0.0202 49.3500 Inverse: 0.0203 49.5600 Inverse: 0.0202 49.5550 Inverse: 0.0202 49.6850 Inverse: 0.0201 49.6300 Inverse: 0.0201

    US Dollar to the Gambian Dalasi for the last 10 years

    May 2009 May 2010 May 2011 May 2012 May 2013 May 2014 May 2015 May 2016 May 2017 May 2018
    1 USD = 26.7708 Inverse: 0.0374 26.9827 Inverse: 0.0371 27.4561 Inverse: 0.0364 30.5101 Inverse: 0.0328 32.9972 Inverse: 0.0303 39.6300 Inverse: 0.0252 42.9980 Inverse: 0.0233 42.7786 Inverse: 0.0234 46.1000 Inverse: 0.0217 47.1950 Inverse: 0.0212

    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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