Sending money to the Gambia is not difficult, but you will have fewer options than you would if you were sending money to other countries around the world. This doesn’t have to be a problem, as there are still good methods available to you.
The current exchange rate for the Gambian Dalasi (GMD) is 50.8505 GMD per American Dollar (USD) as of the time this was written. The GMD reached a high of 51.3195 GMD per USD and a low of 50.8501 GMD per USD during the last 90 days. The average exchange rate for the last 90 days was 51.1912 GMD per USD.
The GMD had an average volatility rate of 0.08% against the USD for the last 90 days. This is a very low volatility rate. Going forward, you can reasonably expect only minor fluctuations to continue, barring any unforeseen circumstances.
The fastest way to send money to the Gambia is through Ria Money Transfer’s fast option. With Ria Money Transfer’s fast option, your money should reach its Gambian destination in a matter of minutes. Ria Money Transfer offers a well-rounded deal that is often priced lower than much of their faster competition.
Ria Money Transfer’s slow option is the cheapest way to send money to the Gambia. Ria Money Transfer’s slow option charges a small upfront fee, and a small hidden currency conversion fee as well. When both variables are considered, Ria Money Transfer is quite cheap when you use their slow option. The only downside is long waiting times, as it will take 3-5 days for the transfer to be completed.
If you don’t like using Ria Money Transfer, MoneyGram offers a similarly cheap option for sending money to the Gambia
The easiest way to send money to the Gambia is through a TransferWise bank transfer with SWIFT/BIC. After you connect your TransferWise account to the recipient’s bank account, sending money becomes a breeze. The TransferWise platform is known for being a younger and more intuitive one. There are very few steps to using TransferWise to send money.
The overall best way to send money to the Gambia is through a TransferWise-supported bank transfer. This option allows you to maintain simplicity while not spending too much money or wasting too much time. When you consider all of the variables above, TransferWise transfers with SWIFT/BIC are simply better, safer, and more pleasant.