Currency Rate Bahamian Dollar to USD
Our Currency Rate BSD 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 BSD. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
BSD 0.728598
Selling rate
BSD1.028592
The Bahamian Dollar, commonly abbreviated as BSD, is the official currency of the Bahamas. Known locally as the "dollar," the BSD is symbolized as "$" or "B$." Introduced in 1966, the Bahamian dollar replaced the British pound sterling, marking the Bahamas' move to its own national currency.
Currency Details
Symbol: $ or B$
ISO Code: BSD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The BSD is available in both coins and banknotes:
Coins:
1 cent
5 cents
10 cents
15 cents (rarely used)
25 cents
50 cents
1 dollar
Banknotes:
1 dollar
5 dollars
10 dollars
20 dollars
50 dollars
100 dollars.
History and Background
The Bahamian Dollar (BSD) arrived on the scene on February 7, 1966, marking its independence from the British pound. This currency switch mirrored the Bahamas' newfound status as an independent nation within the Commonwealth.
Economic Engine
The BSD serves as the lifeblood of the Bahamas' economy, keeping trade, investment, and tourism humming. Tourism and offshore financial services are the twin pillars of the Bahamian economy. The Bahamian dollar's tight peg to the US dollar at a 1:1 ratio fosters a stable economic environment, making it attractive for international businesses and tourists.
Usage and Exchange
The BSD reigns supreme throughout the Bahamas, accepted for all transactions, big or small. Exchanging foreign currency for Bahamian dollars is a breeze for visitors and expats, with exchange bureaus, banks, and ATMs readily available across the islands. Major credit cards are also widely accepted, ensuring a smooth experience for international travelers.
Conclusion
The Bahamian Dollar transcends its role as a medium of exchange. It embodies the Bahamas' economic stability and its rich cultural tapestry. Understanding the BSD is essential for anyone navigating the Bahamas' dynamic economy, whether you call the islands home or are just visiting. The dollar's stability and ease of access play a vital role in the Bahamas' economic resilience and continued growth.
Currency Details
Symbol: $ or B$
ISO Code: BSD
Subunits: 1 Dollar = 100 cents
Banknotes and Coins
The BSD is available in both coins and banknotes:
Coins:
1 cent
5 cents
10 cents
15 cents (rarely used)
25 cents
50 cents
1 dollar
Banknotes:
1 dollar
5 dollars
10 dollars
20 dollars
50 dollars
100 dollars.
History and Background
The Bahamian Dollar (BSD) arrived on the scene on February 7, 1966, marking its independence from the British pound. This currency switch mirrored the Bahamas' newfound status as an independent nation within the Commonwealth.
Economic Engine
The BSD serves as the lifeblood of the Bahamas' economy, keeping trade, investment, and tourism humming. Tourism and offshore financial services are the twin pillars of the Bahamian economy. The Bahamian dollar's tight peg to the US dollar at a 1:1 ratio fosters a stable economic environment, making it attractive for international businesses and tourists.
Usage and Exchange
The BSD reigns supreme throughout the Bahamas, accepted for all transactions, big or small. Exchanging foreign currency for Bahamian dollars is a breeze for visitors and expats, with exchange bureaus, banks, and ATMs readily available across the islands. Major credit cards are also widely accepted, ensuring a smooth experience for international travelers.
Conclusion
The Bahamian Dollar transcends its role as a medium of exchange. It embodies the Bahamas' economic stability and its rich cultural tapestry. Understanding the BSD is essential for anyone navigating the Bahamas' dynamic economy, whether you call the islands home or are just visiting. The dollar's stability and ease of access play a vital role in the Bahamas' economic resilience and continued growth.