United States Dollar to Gambian Dalasi (USD-GMD) - 10 Year History
The below table shows the historic variation in the USD/GMD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of USD versus other currencies : USD historical charts.
Date
Exchange Rate
Period
Change
16 Dec 2018
49.5500
Latest
09 Dec 2018
49.5500
1 Week
0%
16 Nov 2018
49.6050
1 Month
-0.11%
19 Jun 2018
47.1800
6 Months
+5.02%
16 Dec 2017
47.5200
1 Year
+4.27%
16 Dec 2016
42.8508
2 Years
+15.63%
17 Dec 2013
37.8100
5 Years
+31.05%
18 Dec 2008
27.1760
10 Years
+82.33%
Best Rates for USD/GMD Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees.
These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Why can't I just get the USD/GMD market rate I see on Google or in the Media?
The USD/GMD mid-rate is the rate you will see
Quoted on Google
or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between
the last rate at which the USD / GMD was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however the transaction margin
you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for
travel money and possibly over 5% to 6% when sending money.
The exact potential savings depends on the currencies being exchanged and the amount
you are transferring and if you are willing to shop around.
The closer your final exchange rate is to the market USD/GMD midrate the better deal you are getting.
The three things you need in order to get a good USD to GMD exchange rate
Know the latest USD/GMD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Foreign Transfers
and
Travel Money
transactions.
Currency news and forecasts for United States Dollar and Gambian Dalasi
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs GMD, you should pay attention to both United States Dollar and Gambian Dalasi news and forecasts.
United States Dollar (USD) - Market news and forecasts
14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.
The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.
Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.
The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.
For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.
Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.
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