Currency in Djibouti DJF - Things to know
Foreign exchange guide to Djibouti and the Djiboutian franc
What's in this Djibouti currency guide?
What currency is used in Djibouti?
The official currency of Djibouti (country code: DJ) is the Djiboutian franc, with symbol Fdj and currency code DJF.
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Travel money for Djibouti
Save money and time by Ordering your Djiboutian franc online from Travelex, you get better rates and can pick up the DJF cash locally or even on travel day at the airport.
Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.
For card purchases if offered a choice of currencies always select to Pay in Djiboutian franc otherwise you may get much worst exchange rates.
Travel Ideas and Money Tips for Djibouti
Djibouti is a small country located in the Horn of Africa, bordered by Eritrea to the north, Ethiopia to the west and south, and Somalia to the southeast. It also has a coast on the Red Sea and the Gulf of Aden. The country has a population of around 975,000 people and the capital and largest city is Djibouti City. The official languages are French and Arabic and the country has a semi-presidential republic form of government.
Djibouti is a relatively small country with a land area of just 23,200 square kilometers. The country's landscape is primarily desert, with the majority of the population concentrated along the coast and in the capital city.
Here are a few things that visitors to Djibouti can do:
Visit the capital, Djibouti City: The city offers visitors a glimpse into the country's culture, history, and daily life. You can also visit the main market in the city, known as the Central Market, which is a great place to buy traditional souvenirs and crafts.
Explore the coastal region: The coast of Djibouti offers visitors the opportunity to go snorkeling and diving, with many local dive shops offering equipment and guided tours.
Visit Lake Assal: The salt pans of Lake Assal, also known as the "Salt Lake" is one of the most interesting things to see in the country. it's a unique place that has the highest salt concentration in the world.
Visit the Day Forest National Park: The park is home to a diverse range of wildlife, including the critically endangered Ethiopian wolf, as well as many different species of birds.
Go on a desert safari: Djibouti's desert landscape is a popular destination for adventure tourism, such as off-road safaris by 4x4 vehicles.
Take a boat trip: Boats can take visitors on trips to see dolphins and whales along the coast, and also to the nearby Moucha and Maskali islands.
Visit the religious and historical sites: Djibouti is home to several ancient and religious sites, such as the Ali Sabieh and Tadjoura, ancient Islamic cities with impressive architecture.
Visit the Camel Market: Visitors can see the traditional market of camels, sheep and goats at the artisanal market of Tadjoura, where the local nomadic people come to trade and buy.
It is worth noting that despite being a small country, Djibouti can be challenging to travel in due to limited infrastructure and lack of tourism facilities. It may require some planning and flexibility to make the most out of the trip, also hiring a guide can be beneficial as they can help you navigate and make the necessary arrangements.
USD/DJF Market Data
The below interactive chart displays the USD/DJF change and UP📈 DOWN📉 trends over the past 1 Year.
Frequently Asked Questions
What currency should I use in Djibouti?
The domestic currency in Djibouti is the Djiboutian franc.
What is the Djiboutian franc currency code and symbol?
The three letter currency code for the Djiboutian franc is DJF — symbol is Fdj.
Which countries use the Djiboutian franc?
It is the domestic currency in Djibouti.
Is the Djiboutian franc a closed currency?
No, the Djiboutian franc is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and DJF?
Here are some popular conversion amounts for USD to DJF (US dollar to Djiboutian franc)*.
| USD | DJF |
|---|---|
| $ 5.6160 | Fdj 1,000 |
| $ 28.08 | Fdj 5,000 |
| $ 112.32 | Fdj 20,000 |
| $ 561.60 | Fdj 100,000 |
More amounts
*Converted at the current USDDJF interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Send Money to Djibouti - Best Rates
To get a good (and fair) exchange rate when sending money to Djibouti you need to find and compare exchange rates for International Money Transfers (IMTs).
The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.
You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.
Get a better deal for foreign transfers to Djibouti
When sending money to Djibouti it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Djiboutian franc amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted DJF amount will be transfered to the recipient account you specify in Djibouti.
Use the above calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Djiboutian franc deposited into the recipient bank account and less margins and fees kept by the banks!
Expat Money & Business Guide to Djibouti
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
By following these tips and managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Djibouti.
The economy of Djibouti
The economy of Djibouti is largely based on services, particularly transportation and logistics. The country is a major transit point for goods traveling between Europe, the Middle East, and Asia, thanks to its strategic location on the Red Sea. Its main ports are the Port of Djibouti, which is a major transit point for goods traveling between the Mediterranean Sea and the Indian Ocean, and the Doraleh Container Terminal, which handles a large percentage of the container traffic in the region.
Tourism is another sector that is in development, even though the country is relatively small and has few natural resources, it still has some attractive features for travelers. Its location on the Red Sea offers visitors the opportunity to go snorkeling and diving, while its desert landscape and wildlife, including the critically endangered Ethiopian wolf, make it a destination for adventure tourism. The salt pans of Lake Assal are also a popular tourist attraction.
The country's political climate can be sensitive and it has had a history of regional conflicts and political instability. It's important to stay informed about current events and to avoid areas where tensions are high.
Managing your finances in Djibouti
Here we list some key points for expats and businesses to consider when managing financial dealings in Djibouti:
Understand Djiboutian franc currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the DJF exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Djiboutian franc bank account: A local DJF bank account can make it easier for you to manage your finances and pay bills while you are in Djibouti. It may also be more convenient to use a local DJF bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Djibouti. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Djibouti. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Djibouti, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.