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1000 GMD to CAD - Gambian Dalasi to Canadian Dollar Exchange Rate

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GMD - Gambian DalasiDown Arrow
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CAD - Canadian DollarDown Arrow
Exchange Rate

GMD 1000 = CAD 19.85

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1 GMD = 0.01985 CAD | 1 CAD = 50.37783 GMD

Last Updated Feb 14, 5:30 IST

GMD 1000 =CAD 19.85

1 GMD = 0.01985 CAD
1 CAD = 50.37783 GMD
Convert
Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 GMD to CAD Exchange Rate Last 5 Days
Date
Canadian Dollar Price
Feb 13, 2025
0.01984856847645996
Feb 12, 2025
0.02000050010515354
Feb 11, 2025
0.019980062104530457
Feb 10, 2025
0.020053258471452885
Feb 9, 2025
0.019906977669248965

GMD to CAD Exchange Rate Chart

online1 GMD = 0.01985 CAD

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
GMD - Gambian Dalasi
Our currency rankings show that the most popular Gambian Dalasi exchange rate is the GMD to CAD rate. The currency code for Gambian Dalasi is GMD. The currency symbol is D.
More Gambian Dalasi inforight-arrow
CAD - Canadian Dollar
Our currency rankings show that the most popular Canadian Dollar exchange rate is the CAD to GMD rate. The currency code for Canadian Dollar is CAD. The currency symbol is $.
More Canadian Dollar inforight-arrow
1 Gambian Dalasi to Canadian Dollar stats
Last 30 Days
Last 90 Days
High
0.020
0.020
Low
0.020
0.019
Average
0.020
0.020
Volatility
0.00%
0.77%

How much is 1000 GMD in Canadian Dollar

The exchange value of 1000 GMD in Canadian Dollar is 19.850 CAD as on Feb 14.

How to check the exchange rate of 1000 GMD to CAD with Paytm

You can check the exchange rate of 1000 Gambian Dalasi to Canadian Dollar by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 1000 GMD to CAD online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 1000 in the Amount section and
  • Select the currency GMD - Gambian Dalasi in the "From" section
  • Select CAD - Canadian Dollar in "To" section
  • Finally, click "Convert" to see the 1000 GMD to CAD conversion amount.

Methods to Convert (GMD) to Canadian Dollar (CAD) Online

There are several online ways to convert GMD to CAD.

1. Online Banks

Most banks in India allow GMD to CAD conversion through their internet banking or mobile apps.

Steps to Convert GMD to CAD via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the GMD amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow GMD to CAD conversion quickly.

Steps to Convert GMD to CAD via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the GMD amount you want to convert.
  3. Choose CAD as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including GMD.

Steps to Convert GMD to CAD via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with GMD before traveling.
  3. Use it at ATMs in India to withdraw CAD.
  4. The card automatically converts GMD to CAD at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert GMD to CAD via Crypto:

  1. Buy Bitcoin (BTC) with GMD on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for CAD.
  4. Withdraw CAD to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert GMD to CAD Offline

There are several offline methods to exchange GMD to CAD. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your GMD cash and exchange it for CAD.

Steps to Exchange GMD to CAD at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the GMD cash.
  5. Receive CAD in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline GMD to CAD conversion.

Steps to Exchange GMD to CAD at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the GMD cash for exchange.
  4. Receive CAD at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange GMD to CAD.

Steps to Exchange GMD to CAD at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over GMD and receive CAD instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange GMD to CAD at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and GMD cash.
  3. Receive CAD based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange GMD for CAD

Steps to Exchange GMD to CAD at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide GMD and receive CAD.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit CAD.
  • No official receipt or record.

Documents Required for GMD to CAD Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting GMD to CAD

  1. Compare Rates: Use online comparison tools to check the best GMD to CAD rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your CAD and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting GMD to CAD

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of GMD to CAD Conversion

Converting Gambian Dalasi (GMD) to Canadian Dollar (CAD) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

GMD is a strong and widely traded currency. If the exchange rate is favorable, converting GMD to CAD can give you more value for your money.

2. Higher Purchasing Power in Canada

Since 1 GMD equals a significantly higher amount in CAD, converting GMD to CAD increases your purchasing power, allowing you to afford more goods and services in Canada.

3. Supports Travel and Expenses in Canada

If you‘re an NRI, tourist, or returning from the Gambia, converting GMD to CAD ensures you have local currency for daily expenses, shopping, and travel within Canada.

4. Investment Opportunities

Converting GMD to CAD can help you invest in Canada assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Gambia markets.

5. Savings on Transaction Fees

Using a direct GMD to CAD conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting GMD to CAD at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of GMD to CAD exchange.

Frequently Asked Questions

FAQs

Can I convert GMD to CAD without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert GMD to CAD online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert GMD to CAD online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange GMD to CAD without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much GMD can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake CAD notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 1000 Gambian Dalasi (GMD) worth against the Canadian Dollar?
1000 GMD is worth 19.850 Canadian Dollar today
What is the 25 Gambian Dalasi (GMD) worth against the Canadian Dollar?
25 GMD is worth 0.496 Canadian Dollar today
What is the 1 Gambian Dalasi (GMD) worth against the Hong Kong Dollar?
1 GMD is worth 0.10892730947279047 HKD today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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