Gambian Dalasi

Gambian Dalasi

The dalasi is the currency of the Gambia. It is subdivided into 100 bututs. The dalasi was adopted in 1971. It replaced the Gambian pound at a rate of 1 pound = 5 dalasis, i.e., 1 dalasi = 0.2 pound = 4 shillings. The name derives from dala, a nickname of the 5 French West African franc note, which in turn derived from "dollar.", while butut is from Wolof butuut, "small thing."

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

49 Gambian Dalasi to US Dollar exchange rates chart

49 GMD to USD exchange rates graph
49 GMD to USD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

49 GMD to USD exchange rates table

Exchange GMD to USD
49 Gambian Dalasi = 0.988 US Dollar
98 Gambian Dalasi = 1.977 US Dollar
245 Gambian Dalasi = 4.942 US Dollar
490 Gambian Dalasi = 9.885 US Dollar
Exchange Gambian Dalasi to US Dollar
49 Gambian Dalasi to US Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

49 GMD to USD exchange rates news

Project Aid delivers D2M health facility to Buniadu - The Point Newspaper, Banjul, The Gambia

Project Aid-The Gambia International, a German/Gambian NGO last Thursday handed over a new health centre to the community of Buniadu village, North...

conditional positive
GOOD MORNING MR PRESIDENT - The Point Newspaper, Banjul, The Gambia

Mr. President, last week, Gambians were disappointed to hear that the first offshore exploration has been unsuccessful. The drill that took almost...

conditional negative
Gambia: Consumers Complain of Increment in Bread Price

Barely half a year since the price of a loaf of bread was reduced from D7 to D6, consumers have started complaining that the former bread price of D7, has been restored.

indicative negative
US Dollar Losses Hit Pause after October CPI; Focus Remains on Brexit

The DXY Index is off the lows, and rates markets are continuing to price in December for another rate hike from the Fed.

indicative positive
Pound-to-US-Dollar Exchange Rate: GBP/USD Starts The Week On Soft Footing As Brexit Anxiety Mounts

Brexit speculation failed to prevent the GBP/USD exchange rate sinking at the start of the week

conditional neutral
Pound US dollar exchange rate: GBP retreats as Brexit text faces Cabinet scrutiny

THE pound US dollar exchange rate has fallen as much as 0.5 per cent this morning, slumping from a high of $1.302 to the current rate of $1.295 as Brexit jitters weigh on sentiment.

conditional positive

49 GMD to USD currency converter