Djibouti is far from the easiest country to send money to from other countries. That being said, there are several great options available to you.
The current exchange rate for the Djiboutian Franc (DJF) is 177.720394 DJF per American Dollar (USD) as of the time this was written. The DJF reached a high of 178.3884 DJF per USD and a low of 177.7201 DJF per USD during the last 90 days. The average exchange rate for the last 90 days was 177.8038 DJF per USD.
The DJF carries a remarkably low volatility rate against the USD. By this, we mean that the DJF is very stable and has seldom fluctuated unpredictably or significantly. You can reasonably expect this stability in the exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to send money to Djibouti is through Western Union’s fast option. With Western Union’s fast option, you can expect your money to reach its Djiboutian destination in a matter of minutes. Cash pickups are the fastest and easiest method to organize, while bank transfers can take longer. The main downside to Western Union’s fast option is the fact that it is more expensive than most of the competition. You can always expect to pay more with Western Union.
Xoom offers you the cheapest way to send money to Djibouti. Xoom isn’t normally the cheapest option, but it does offer fairly low rates. Xoom charges an upfront fee that may seem high, but when you consider both the upfront fee and currency exchange markups, Xoom is the cheaper option.
Xoom is also the service that offers you the easiest method for sending money to Djibouti. Xoom is owned by PayPal and as such offers you a similar level of ease of use and convenience. The easiest thing you can do for the recipient is to send money to their debit card so that they can withdraw cash from an ATM right after they receive the money. You can of course also opt to send money to the recipient’s bank account.
The overall best way to send money to Djibouti is through Xoom. Xoom simply offers the best overall deal, as you can expect an easy and fairly affordable money transfer whenever you use the company.
Jonathan is the founder and editor of MoneyTransfers.com. Jonathan is highly experienced in the currency transfer market, having previously worked in the FX trading industry, alongside being an avid traveller. Using his knowledge he identified a need for transparency and further education to help people save money on their money transfers, leading to the creation of MoneyTransfers.com