Currency Rate Barbados Dollar to USD
Our Currency Rate BBD latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the BBD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BBD 0.433014
Selling rate
BBD0.539029
The Barbadian Dollar, often abbreviated as BBD, serves as Barbados' official currency. Referred to locally as the "dollar," the BBD is symbolized as "$" or "Bds$" to differentiate it from other dollar-denominated currencies. Introduced in 1973, the Barbadian dollar replaced the East Caribbean dollar at par value, marking the island's transition to its own national currency.
Currency Details
Symbol: $ or Bds$
ASO Code: BBD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The BBD is available in both coins and banknotes:
Coins:
1 cent
5 cents
10 cents
25 cents
50 cents
1 dollar
Banknotes:
2 dollars
5 dollars
10 dollars
20 dollars
50 dollars
100 dollars
History and Background
The Barbadian Dollar's introduction on December 5, 1973, signaled Barbados' departure from the East Caribbean dollar at a 1:1 exchange rate. This transition was a strategic move by Barbados to assert monetary independence and implement its own economic policies. The establishment of the Central Bank of Barbados in 1972 provided the institutional foundation for this currency transition.
Economic Significance
Integral to Barbados' economy, the BBD facilitates both domestic and international trade, investment, and tourism. Barbados boasts a diverse economy, with substantial contributions from tourism, offshore finance, manufacturing, and agriculture. Pegged to the US dollar at a fixed rate of 2 BBD per 1 USD, the dollar's stability promotes economic stability and investor confidence.
Usage and Exchange
Widely accepted across Barbados, the BBD is utilized for all transactions, ranging from everyday purchases to significant business transactions. Exchanging foreign currency for Barbadian dollars is seamless for visitors and expatriates, thanks to the numerous exchange bureaus, banks, and ATMs dispersed throughout the island. Major credit cards are also widely accepted, enhancing convenience for international travelers.
Conclusion
Beyond its monetary value, the Barbadian Dollar embodies Barbados' economic sovereignty and cultural heritage. Familiarity with the BBD is crucial for anyone engaging with Barbados' dynamic economy, whether as a resident or a visitor. The dollar's stability and accessibility are pivotal in maintaining the island's economic resilience and fostering sustainable growth.
Currency Details
Symbol: $ or Bds$
ASO Code: BBD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The BBD is available in both coins and banknotes:
Coins:
1 cent
5 cents
10 cents
25 cents
50 cents
1 dollar
Banknotes:
2 dollars
5 dollars
10 dollars
20 dollars
50 dollars
100 dollars
History and Background
The Barbadian Dollar's introduction on December 5, 1973, signaled Barbados' departure from the East Caribbean dollar at a 1:1 exchange rate. This transition was a strategic move by Barbados to assert monetary independence and implement its own economic policies. The establishment of the Central Bank of Barbados in 1972 provided the institutional foundation for this currency transition.
Economic Significance
Integral to Barbados' economy, the BBD facilitates both domestic and international trade, investment, and tourism. Barbados boasts a diverse economy, with substantial contributions from tourism, offshore finance, manufacturing, and agriculture. Pegged to the US dollar at a fixed rate of 2 BBD per 1 USD, the dollar's stability promotes economic stability and investor confidence.
Usage and Exchange
Widely accepted across Barbados, the BBD is utilized for all transactions, ranging from everyday purchases to significant business transactions. Exchanging foreign currency for Barbadian dollars is seamless for visitors and expatriates, thanks to the numerous exchange bureaus, banks, and ATMs dispersed throughout the island. Major credit cards are also widely accepted, enhancing convenience for international travelers.
Conclusion
Beyond its monetary value, the Barbadian Dollar embodies Barbados' economic sovereignty and cultural heritage. Familiarity with the BBD is crucial for anyone engaging with Barbados' dynamic economy, whether as a resident or a visitor. The dollar's stability and accessibility are pivotal in maintaining the island's economic resilience and fostering sustainable growth.