US Dollar to Gambian Dalasi Exchange Rate

Live Rate

= D 51.2750

Refreshing in: 60s | Fri, Nov 15, 08:21PM GMT

  • Cheap transfers
  • Bank-beating exchange rates
  • Safe and reliable
WorldRemit International Money Transfers

Our pick: WorldRemit International Money Transfers

Send money to 140+ countries for bank deposit, instant e-wallet, mobile top-up or cash pickup at 30,000+ agent locations worldwide.

Your first transfer is free with the code FINDER.

  • Low upfront fees and exchange rates.
  • Easy to use with round-the-clock help.
  • Get cash to family and friends in minutes.

    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 50.967 GMD 25,280 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 50.25 GMD 25,125 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 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

    Nov 05 Nov 06 Nov 07 Nov 08 Nov 09 Nov 10 Nov 11 Nov 12 Nov 13 Nov 14
    1 USD = 51.2000 Inverse: 0.0195 51.2500 Inverse: 0.0195 51.2700 Inverse: 0.0195 51.2200 Inverse: 0.0195 51.2200 Inverse: 0.0195 51.2200 Inverse: 0.0195 51.2500 Inverse: 0.0195 51.2500 Inverse: 0.0195 51.2500 Inverse: 0.0195 51.2250 Inverse: 0.0195

    US Dollar to the Gambian Dalasi for the last 10 months

    Jan 14 Feb 14 Mar 17 Apr 17 May 18 Jun 18 Jul 19 Aug 19 Sep 19 Oct 20
    1 USD = 49.5225 Inverse: 0.0202 49.5500 Inverse: 0.0202 49.5900 Inverse: 0.0202 49.5525 Inverse: 0.0202 49.5500 Inverse: 0.0202 49.5675 Inverse: 0.0202 49.9050 Inverse: 0.0200 50.1050 Inverse: 0.0200 50.4025 Inverse: 0.0198 50.7500 Inverse: 0.0197

    US Dollar to the Gambian Dalasi for the last 10 years

    Nov 2009 Nov 2010 Nov 2011 Nov 2012 Nov 2013 Nov 2014 Nov 2015 Nov 2016 Nov 2017 Nov 2018
    1 USD = 26.4970 Inverse: 0.0377 28.6111 Inverse: 0.0350 29.1928 Inverse: 0.0343 30.2567 Inverse: 0.0331 32.6077 Inverse: 0.0307 43.0878 Inverse: 0.0232 38.9971 Inverse: 0.0256 42.6015 Inverse: 0.0235 47.2700 Inverse: 0.0212 49.5750 Inverse: 0.0202

    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

    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 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