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Djibouti

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.

Jonathan Merry
Author 
Jonathan Merry
5 minutes
January 4th, 2023
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What Ways Can I Send and Receive Money in Djibouti?

You’ll be able to make a money transfer to or from Djibouti in the following ways.

Ways to Send Money to Djibouti

You can send money to Djibouti by:

  1. Money Transfer Provider: The cheapest and quickest way to send money is usually to use a money transfer provider

  2. Direct Wire Transfer: You’ll also be able to send it directly via wire bank transfer, but this way can take longer and cost more

  3. International Money Order: You may choose to send an international money order, but these aren’t always available and they often come with limitations

Ways to Receive Money in Djibouti

You can receive funds in Djibouti through:

  1. A Bank Deposit: The money will be sent straight to your bank account, but it may take some time to access and withdraw it

  2. A Mobile Wallet: You can also receive money in an electronic wallet on your mobile phone, where it will often be available immediately

  3. Cash Pickup and Delivery: You might want to arrange a cash pickup from a local agent, while some places also have a system for door-to-door cash delivery

Current Exchange Rates for Djibouti

The current exchange rate for the Djiboutian Franc (DJF) is 177.87588 DJF per American Dollar (USD) as of the time this was written. The DJF reached a high of 178.00 DJF per USD and a low of 177.50 DJF per USD during the last 90 days. The average exchange rate for the last 90 days was 177.88 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.

What’s the Fastest Way to Send Money to Djibouti?

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.

What’s the Cheapest Way to Send Money to Djibouti?

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.

What’s the Easiest Way to Send Money to Djibouti?

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.

What’s the Overall Best Way to Send Money to Djibouti?

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.

Want to Send Money Somewhere Else?

Send Money to Africa With Our Money Transfer Guides

Send Money to and From Djibouti With These Guides

Choose which corridor to send money through:

Frequently Asked Questions About Djibouti Money Transfers

What is the currency of Djibouti?
What currency regulations should I be aware of in Djibouti?
What do I need to send money to Djibouti?
How much money can I send online to Djibouti?
What do I need to receive money in Djibouti?

Contributors

Jonathan Merry
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