Bahamian Dollar to USD: Everything You Need to Know

The Bahamian dollar is pegged to the US dollar at a fixed rate of 1:1, meaning that 1 Bahamian dollar is equivalent to 1 US dollar. This is a unique arrangement that's been in place since 1965.

The Bahamian dollar has its own currency code, BSD, and is widely accepted in the Bahamas, but US dollars are also widely accepted and can be used interchangeably. This makes it easy for tourists and locals alike to conduct transactions.

In the Bahamas, you can exchange Bahamian dollars for US dollars at a bank or currency exchange office, but be aware that there may be a small fee involved. This fee can range from 1-2% of the exchange amount.

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The Bahamian dollar is a currency you should be familiar with if you're traveling to the Bahamas. It's the national currency of the Bahamas.

The Bahamian dollar is pegged to the USD at a 1:1 ratio, so you can easily exchange your US dollars for Bahamian dollars or vice versa.

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Tourism is a significant contributor to the Bahamian economy, which is why you'll find many beautiful beaches and resorts throughout the islands.

The economy of the Bahamas also relies heavily on financial services, which makes it a popular destination for international business.

Here are some key facts to keep in mind when dealing with the Bahamian dollar:

In the Bahamas, you don't need to exchange U.S. dollars for the local currency because the Bahamian dollar is pegged to the U.S. currency, making them interchangeable.

You'll likely receive change in Bahamian dollars, so you might need to convert them back into U.S. dollars when you leave the country.

This means you can use your U.S. dollars freely in the Bahamas, without needing to exchange them first.

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You can use U.S. dollars in the Bahamas without exchanging them for the local currency.

The Bahamian dollar is pegged to the U.S. currency, making them interchangeable.

You'll probably get your change in local currency, so you may need to convert it back into U.S. currency when you leave the Bahamas.

It's worth noting that while you can use U.S. dollars, you may still see prices listed in Bahamian dollars.

The Bahamian dollar is not the official currency of any other nation, but you may find it's readily accepted in other Caribbean islands like Turks and Caicos.

Travelers to these islands may have an easier time using their Bahamian dollars, as local business people are aware of its equivalence to US dollars.

In some cases, you might even get a better exchange rate than if you were to convert your Bahamian dollars to US dollars first.

To convert Bahamian dollars to US dollars, you can use a currency converter with live foreign exchange rates. The exchange rate as of 15/01/2025 11:18 is available on the currency converter page.

You can invert the currencies on the page to see the conversion from USD to BSD. The exchange rate history for converting Bahamian dollars to US dollars is also available, showing the rate for each day over the past few weeks.

To convert a specific amount of Bahamian dollars to US dollars, simply type in the box how much you want to convert, select BSD as the currency to convert from, and USD as the currency to convert to, and our currency converter will show you the current rate and how it's changed over the past day, week or month.

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Here are the conversion rates for Bahamian dollars to US dollars:

The lowest BSD to USD exchange rate in the last year was 1.0000 US Dollars per Bahamian Dollar on January 25, 2024.

The Bahamian dollar to USD exchange rate has fluctuated over the years, with a notable dip in 2008 due to the global financial crisis.

The Bahamian dollar has been pegged to the US dollar since 1965, which means its value is directly tied to the US dollar.

In 2019, the exchange rate was approximately 1 USD to 1 BHD, indicating a stable conversion rate.

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The Bahamian Dollar to US Dollar exchange rate has remained relatively stable over the past year, with a slight fluctuation in early January 2025.

On January 7th, 2025, the exchange rate was 1 BSD = 1 USD. This rate remained consistent for several days, with the same rate being reported on January 6th and 8th.

In January 2025, the exchange rate dropped to 0.9994 USD per BSD on the 5th, but returned to 1 USD per BSD on the 4th and 3rd.

The lowest exchange rate in the last year was 1.0000 USD per BSD on January 25, 2024, as reported in the article. The highest exchange rate in the last year was also 1.0000 USD per BSD on January 25, 2024, indicating a stable exchange rate over the past year.

Here's a breakdown of the exchange rate for January 2025:

You can easily convert Bahamian Dollars to US Dollars by using the current exchange rate.

The highest Bahamian Dollar to US Dollar exchange rate in the last 10 years was 1.0144 US Dollars per Bahamian Dollar, which occurred on February 3, 2016.

The Bahamas' economy is heavily reliant on its large tourism sector, which was severely impacted by the COVID-19 pandemic.

The country's economy is also driven by the export of specialty products like oceangoing vehicles.

Financial services are a major industry in the Bahamas, with the country serving as a major offshore banking center.

The Bahamas' economy was in recovery by 2023, with the Central Bank announcing a return to surplus from a deficit in its March 2023 economic review.

The country's economy is closely tied to the strength of the US dollar, due to the BSD's peg to the USD.

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