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US dollar to Gambian dalasi exchange rate

Find the best USD/GMD exchange rate for 17 Apr 2021.

Live Rate

= D 51.0800

Refreshing in: 60s | Sun, Apr 18, 12:31AM GMT

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There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

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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
$1 Within an hour USD 3.99 50.774 GMD 25,184 WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups. Go to site Show details
$1 3 - 5 days USD 20.00 49.803 GMD 23,905 Western Union sends money online to friends and family in 200+ countries around the world. Go to site Show details
$1 Same day USD 1.00 50.058 GMD 24,979 Ria lets you send money to 130+ countries with cash pick-up at 240,000 locations. Go to site Show details
$10 Within an hour USD 1.99 50.058 GMD 24,930 Special offers like free transfers and better exchange rates available for new customers.
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Best ways to send money to Gambia

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

Apr 08 Apr 09 Apr 10 Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 Apr 16 Apr 17
1 USD = 51.2500 Inverse: 0.0195 51.2500 Inverse: 0.0195 51.2000 Inverse: 0.0195 51.2000 Inverse: 0.0195 51.1000 Inverse: 0.0196 51.0500 Inverse: 0.0196 51.0000 Inverse: 0.0196 51.0500 Inverse: 0.0196 51.0800 Inverse: 0.0196 51.0800 Inverse: 0.0196

US Dollar to the Gambian Dalasi for the last 10 months

Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021
1 USD = 51.7000 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.8000 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7500 Inverse: 0.0193 51.7000 Inverse: 0.0193 51.4500 Inverse: 0.0194 51.2500 Inverse: 0.0195

US Dollar to the Gambian Dalasi for the last 10 years

Apr 2011 Apr 2012 Apr 2013 Apr 2014 Apr 2015 Apr 2016 Apr 2017 Apr 2018 Apr 2019 Apr 2020
1 USD = 28.0071 Inverse: 0.0357 30.0225 Inverse: 0.0333 33.2988 Inverse: 0.0300 39.6400 Inverse: 0.0252 42.8794 Inverse: 0.0233 42.6477 Inverse: 0.0234 45.0250 Inverse: 0.0222 47.1500 Inverse: 0.0212 49.5525 Inverse: 0.0202 51.0000 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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