Convert United States Dollar to Djiboutian Franc
Please provide values below to convert United States Dollar [USD] to Djiboutian Franc [DJF], or Convert Djiboutian Franc to United States Dollar.
How to Convert United States Dollar to Djiboutian Franc
1 USD = 0.0056267970583105 DJF
Example: convert 15 USD to DJF:
15 USD = 15 × 0.0056267970583105 DJF = 0.0844019558746575 DJF
United States Dollar to Djiboutian Franc Conversion Table
| United States Dollar | Djiboutian Franc |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Djiboutian Franc
The Djiboutian Franc (DJF) is the official currency of Djibouti, used for all monetary transactions within the country.
History/Origin
The Djiboutian Franc was introduced in 1949, replacing the French Franc at par, and has been the country's official currency since then, with its value maintained by the Central Bank of Djibouti.
Current Use
The DJF is widely used in Djibouti for everyday transactions, banking, and trade, and is pegged to the US dollar at a fixed rate to ensure stability.