US Dollar to Gambian Dalasi Exchange Rate

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= D 50.8700

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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 50.565 GMD 25,081 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 Same day USD 1.00 49.853 GMD 24,876 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

    Feb 11 Feb 12 Feb 13 Feb 14 Feb 15 Feb 16 Feb 17 Feb 18 Feb 19 Feb 20
    1 USD = 51.1200 Inverse: 0.0196 51.1200 Inverse: 0.0196 51.0600 Inverse: 0.0196 51.1000 Inverse: 0.0196 51.1000 Inverse: 0.0196 51.1000 Inverse: 0.0196 50.9500 Inverse: 0.0196 50.8800 Inverse: 0.0197 50.8700 Inverse: 0.0197 50.8700 Inverse: 0.0197

    US Dollar to the Gambian Dalasi for the last 10 months

    Apr 2019 May 2019 Jun 2019 Jul 2019 Aug 2019 Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020
    1 USD = 49.5850 Inverse: 0.0202 49.6500 Inverse: 0.0201 49.6000 Inverse: 0.0202 49.9575 Inverse: 0.0200 50.1050 Inverse: 0.0200 50.3950 Inverse: 0.0198 50.7500 Inverse: 0.0197 51.3000 Inverse: 0.0195 51.4300 Inverse: 0.0194 51.1000 Inverse: 0.0196

    US Dollar to the Gambian Dalasi for the last 10 years

    Feb 2010 Feb 2011 Feb 2012 Feb 2013 Feb 2014 Feb 2015 Feb 2016 Feb 2017 Feb 2018 Feb 2019
    1 USD = 26.7780 Inverse: 0.0373 28.2561 Inverse: 0.0354 30.2515 Inverse: 0.0331 33.6822 Inverse: 0.0297 38.0777 Inverse: 0.0263 43.0447 Inverse: 0.0232 39.4102 Inverse: 0.0254 44.5300 Inverse: 0.0225 47.5175 Inverse: 0.0210 49.5550 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

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