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US dollar to Tajikistani somoni exchange rate
Find the best USD/TJS exchange rate for 14 Apr 2021.
Refreshing in: 60s | Wed, Apr 14, 10:30AM GMT
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How can I get the best exchange rate between the US dollar and the Tajikistani somoni?
Tajikistan is basically a cash-only economy, so you’ll need to exchange your US dollars into Tajikistani somoni if you’re planning a trip there. Credit and debit cards are generally not accepted — the same goes for traveler’s checks.
It’s been reported that it’s extremely difficult to withdraw money from the few ATM’s in Tajikistan’s major cities, especially since two of the main banks in the country went bankrupt in 2016. In other words, you’ll need to bring US dollars in cash with you when you to Tajikistan and then exchange it for somoni once you’ve arrived in the country. Though there’s a black market for foreign currency exchanges, be aware that it’s illegal to use and has strict penalties.
You also have the option to transfer money to Tajikistan with an online money transfer service — remittances to Tajikistan are common so you’ll have options. When choosing a provider, pay attention to the exchange rate and service fees.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Bank notes:||1, 5, 20, 50 diram, 1, 3, 5, 10, 20, 50, 100, 200, 500 somoni|
|Coins:||1, 2, 5, 10, 20, 25, 50 diram, 1, 3, 5 somoni|
What affects exchange rates between the US dollar and the Tajikistani somoni?
The Tajikistani somoni has a managed exchange rate with the US dollar, meaning it’s fixed and readjusted when needed by the Tajikistani central bank. Economic growth in Tajikistan, trade and interest rates all play a role for the exchange rate, although the effect is indirect and lagging because of the managed exchange rate.
Main industries in Tajikistan with potential to impact exchange rates are:
- Agriculture. Cotton and wheat
- Mining. Gold and silver
- Heavy industries. Aluminum processing and production of chemicals
Send money from USD to TJS
How does the Tajikistani somoni trade against the US dollar historically?
In 2000, the somoni was launched as the official currency of Tajikistan, replacing the old Tajikistani ruble. Since 2006, the value of the somoni has gone down significantly compared to the US dollar.
Over the past 10 years, there hasn’t been a single time when the value of the somoni has strengthened against the dollar. This has led to minimal investments in Tajikistan by foreign investors — something the government is hoping to change. Until that happens, investments in Tajikistan should be considered extremely risky due to the consistently depreciating currency.
US Dollar to the Tajikistani Somoni for the last 10 days
|Apr 04||Apr 05||Apr 06||Apr 07||Apr 08||Apr 09||Apr 10||Apr 11||Apr 12||Apr 13|
|1 USD =||11.3665 Inverse: 0.0880||11.3898 Inverse: 0.0878||11.4026 Inverse: 0.0877||11.4072 Inverse: 0.0877||11.4016 Inverse: 0.0877||11.3942 Inverse: 0.0878||11.3857 Inverse: 0.0878||11.3857 Inverse: 0.0878||11.4034 Inverse: 0.0877||11.4018 Inverse: 0.0877|
US Dollar to the Tajikistani Somoni 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 =||10.2895 Inverse: 0.0972||10.3079 Inverse: 0.0970||10.3122 Inverse: 0.0970||10.3187 Inverse: 0.0969||10.3346 Inverse: 0.0968||11.3330 Inverse: 0.0882||11.3281 Inverse: 0.0883||11.3977 Inverse: 0.0877||11.4009 Inverse: 0.0877||11.3906 Inverse: 0.0878|
US Dollar to the Tajikistani Somoni 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 =||4.4680 Inverse: 0.2238||4.7584 Inverse: 0.2102||4.7648 Inverse: 0.2099||4.8309 Inverse: 0.2070||6.0098 Inverse: 0.1664||7.8696 Inverse: 0.1271||8.8809 Inverse: 0.1126||8.8665 Inverse: 0.1128||9.4243 Inverse: 0.1061||10.2327 Inverse: 0.0977|
Market rate for common transfer amounts USD to TJS
|US Dollars (USD)||Tajikistani Somoni (TJS)|
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