Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.
US dollar to Guinean franc exchange rate
Find the best USD/GNF exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 04:00AM GMT
- Cheap transfers
- Bank-beating exchange rates
- Safe and reliable
Send money to Guinea with WorldRemit
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
- No minimum transfers.
- Wide range of destinations.
- Competitive exchange rate.
How can I get the best exchange rate between the US dollar and the Guinean franc?
To get the best exchange rate between the US dollar and the Guinean franc you first need to find out what the mid-market rate of the currency is. You can find this rate here on finder.com or by looking it up on search engines like Google. This is the same rate that banks use when they trade with each other, and you should compare the exchange rates you are offered to this “real” exchange rate.
If you are sending money to family or friends in Guinea, online money transfer services is likely your best option. These services usually offer you better exchange rates than the banks will do, and they also process your transaction faster. You should choose the service provider that offers an exchange rate as close to the mid-market rate as possible, but keep in mind any fixed fees that may be added on top.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Currency Symbol:||FG (possibly also Fr or GFr)|
|Bank notes:||100, 500, 1000, 5000, 10,000, 20,000 francs|
|Coins:||1, 5, 10, 25, 50 francs|
What affects exchange rates between the US dollar and the Guinean franc?
The Guinean franc is today a free-floating currency that is freely convertible on the global foreign exchange market. The exchange rate between the US dollar and the Guinean franc is therefore subject to the supply and demand for both currencies in the market.
Factors that can affect the exchange rate between the US dollar and the Guinean franc include political and economic developments in both the United States and Guinea, the trade balance between the two countries, political stability in the two countries and elsewhere in the world, and interest rates in both countries.
When interest rates in either the United States or Guinea rise, the exchange rate of the same country’s currency tends to follow. That happens because more foreign investors will find it attractive to buy that currency, place it in a local bank account, and earn interest on the deposit. Demand is thus created in the global marketplace for currency of the country with the higher interest rate, and the exchange rate rises as a result.
Send money from USD to GNF
How does the Guinean franc trade against the US dollar historically?
The Guinean franc was introduced in 1985 as the official currency of the Republic of Guinea, formerly known as French Guinea. It replaced the Guinean syli, which had been in use for about a decade before that.
Since 2008, the Guinean franc has gradually been losing value compared to the US dollar. At the height of the US Financial Crisis in 2008, you would need about 4,300 francs to buy 1 dollar. By the end of that year, the exchange rate between francs and dollars changed to about 5,000 francs per dollar. The exchange rate remained steadily at the 5,000-level until the end of 2010, when a new period of sharp decline began for the franc, dropping to about 7,700 francs per dollar by the beginning of 2011.
Between 2011 and 2016, the franc remained relatively stable against the US dollar, changing hands at about 7,000 francs per dollar. In 2016, a government-initiated devaluation of the franc occurred, slashing the value of the franc from 7,000 to about 9,000 francs per US dollar.
Since the most recent devaluation in 2016, the exchange rate between the US dollar and Guinean franc has remained steady at about 9000 francs per dollar.
US Dollar to the Guinea Franc for the last 10 days
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||9994.3689 Inverse: 0.0001||10001.0857 Inverse: 0.0001||10010.3608 Inverse: 0.0001||10003.9822 Inverse: 0.0001||10005.0000 Inverse: 0.0001||10000.0000 Inverse: 0.0001||10011.6095 Inverse: 0.0001||10009.2876 Inverse: 0.0001||9958.3116 Inverse: 0.0001||9928.7500 Inverse: 0.0001|
US Dollar to the Guinea Franc 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 =||9520.0000 Inverse: 0.0001||9624.8788 Inverse: 0.0001||9659.3020 Inverse: 0.0001||9702.2657 Inverse: 0.0001||9797.8063 Inverse: 0.0001||9790.0000 Inverse: 0.0001||9983.1203 Inverse: 0.0001||10166.5000 Inverse: 0.0001||10122.8039 Inverse: 0.0001||10030.7631 Inverse: 0.0001|
US Dollar to the Guinea Franc 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 =||7050.7594 Inverse: 0.0001||6962.5000 Inverse: 0.0001||7074.5333 Inverse: 0.0001||6967.9500 Inverse: 0.0001||7315.6833 Inverse: 0.0001||7587.7326 Inverse: 0.0001||9341.1000 Inverse: 0.0001||9030.0000 Inverse: 0.0001||9225.0000 Inverse: 0.0001||9503.4436 Inverse: 0.0001|
Market rate for common transfer amounts USD to GNF
|US Dollars (USD)||Guinean Franc (GNF)|
Exchange rates from USD to other currencies
More guides on Finder
How to buy Didi Chuxing stock in the US
This Chinese ride-hailing platform plans to premiere on the Hong Kong Stock Exchange. Here’s how US investors can prepare.
Sending money internationally during the coronavirus pandemic
Learn about how COVID-19 may affect the ways you transfer cash around the world.
Learn about how TransferMate’s personal product works and what it can do for you.
Binance.US cryptocurrency exchange review
Learn more about Binance.US, the American arm of the world’s largest cryptocurrency exchange.
Remitly vs. Wise (TransferWise)
Remitly and Wise’s fees, exchange rates and speeds compared side by side.
Wise Multi-currency Account
Convert cash and make payments overseas with the Wise debit card.
Best places to exchange currency in Sydney
Your guide to currency exchange services in Sydney, including where to find the best exchange rates and lowest fees.
Best places to exchange currency in Winnipeg
Looking for the best deal on Canadian dollars in Winnipeg? Compare popular services and access handy tips to get the most out of your next transfer.
Best places to exchange currency in Edmonton
Looking for the best deal on foreign currency exchange in Edmonton? Compare popular services and get tips to make the most out of your next transaction.
Best places to exchange currency in Toronto
Compare Toronto-based services and find out tips and tricks to help you get the best deal on your next foreign currency exchange.
Ask an Expert