
The Bahraini Dinar is the official currency of Bahrain, and it's a popular choice for tourists and travelers in the region. It's subdivided into 1,000 fils.
One Bahraini Dinar is equivalent to 1,000 fils, making it a convenient currency to use in Bahrain. You can easily break down a large bill into smaller denominations with the fils.
The Bahraini Dinar is pegged to the US Dollar, which means its value is fixed in relation to the dollar. This stability makes it a reliable currency for international transactions.
What is the Bahraini Dinar?
The Bahraini Dinar is a highly valued currency, officially pegged to the U.S. dollar at a rate of 1 BD = 2.659 USD. This means that for every Bahraini Dinar, you can exchange it for approximately 2.659 US Dollars.
The Bahraini Dinar is made up of 1,000 fils, with the symbol BD often used when trading. This currency has a rich history, with its name coming from the Roman denarius, a standard silver coin used as currency during Roman times from 211 BC for about five hundred years.
The Bahraini Dinar replaced the Persian Gulf rupee at a conversion rate of one dinar to 10 rupees in 1965. This marked a significant change in the country's currency system.
The Bahraini Dinar banknotes have denominations of 0.5, 1, 5, 10, and 20 dinars. These notes have undergone changes over the years, with the Central Bank of Bahrain introducing new notes with enhanced security features in 2016.
The Bahraini Dinar coins are valued at 5, 10, 25, 50, 100, and 500 fils. These coins are also managed by the Central Bank of Bahrain.
History and Background
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar.
Initially, the dinar was equivalent to 3⁄4 of a pound sterling (15 shillings).
In 1967, the dinar was repegged to 17s 6d sterling (7⁄8 of a pound) after sterling was devalued.
History
The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar.
Initially, the dinar was equivalent to 3⁄4 of a pound sterling (15 shillings). The Bahraini dinar was initially equivalent to 3⁄4 of a pound sterling (15 shillings).
In 1967, sterling was devalued, and the dinar was repegged to 17s 6d sterling (7⁄8 of a pound).
Bahraini coins and notes were introduced in 1967.
Abu Dhabi adopted the Bahraini dinar but changed to the dirham in 1973, with 1 dirham = 100 fils = 0.100 dinar.
Core World Currencies Value
The Bahraini dinar is a highly valued currency, with an exchange rate of 2.653 to US dollars as of today.
The Bahraini dinar has remained relatively stable over the past week, with a 0.085% increase in value compared to 7 days ago.
Currently, the most valuable currencies in the world include the Kuwaiti dinar, Bahraini dinar, and Oman rial, which are among the top currencies globally.
Exchange Rates and Conversion
The Bahraini dinar (BHD) is pegged to the IMF's special drawing rights (SDRs), with a fixed rate of $1 USD = 0.376 BHD.
To convert Bahraini dinar to US dollars, you can use a currency converter, which will show you the current BHD to USD rate and how it's changed over the past day, week or month. Simply type in the amount you want to convert and select BHD as the currency you want to convert from and USD as the currency you want to convert to.
The currency exchange rate for 1 Bahraini dinar to USD is fixed at $2.65, making the Bahraini dinar the second-highest valued currency in the world after the Kuwaiti dinar.
You can also use the following conversion rates for different currencies: Currency RateBHD to CNYapproximatelyBHD to DJFapproximatelyBHD to EURapproximatelyBHD to GBPapproximatelyBHD to INRapproximatelyBHD to JODapproximatelyBHD to JPYapproximatelyBHD to TTDapproximatelyBHD to USD$2.65
What is the USD Exchange Rate?
The USD exchange rate for the Bahraini dinar is a fixed rate, pegged to the US dollar at $2.65 for 1 Bahraini dinar.
The Bahraini dinar is pegged to the US dollar at a rate of 2.659:1, which is a fixed rate that won't fluctuate.
To give you a better idea of the stability of this exchange rate, the Bahraini dinar has been pegged to the US dollar since its introduction in 1965, when it replaced the Gulf rupee.
The Bahraini dinar is the official currency of Bahrain and has been so since 1965, providing a stable exchange rate for those doing business or traveling to the country.
All Exchange Rates
The Bahraini dinar is a strong currency, and its exchange rate is pegged to the US dollar. The exchange rate is fixed at 1 USD = 0.376 BHD, which translates to approximately 1 BHD = US$2.65957.
If you're looking to convert Bahraini dinars to other currencies, you'll find that the exchange rate varies depending on the currency. For example, 1 BHD is equivalent to 230.663 INR, 2.54006 EUR, and 4.63162 NZD.
Here are some of the exchange rates for 1 BHD to other currencies:
Keep in mind that exchange rates can fluctuate, but the Bahraini dinar is generally a stable currency.
Bahraini Dinar Denominations
The Bahraini Dinar is the official currency of Bahrain, and it's divided into 1,000 fils.
You can find Bahraini Dinar denominations in the following forms: banknotes and coins.
The banknotes come in denominations of 5, 10, 20, 50, 100, and 200 Bahraini Dinar.
Coins
Bahrain introduced coins in 1965 in denominations of 1, 5, 10, 25, 50, and 100 fils. These coins were made of bronze for the 1, 5, and 10 fils, while the others were made of cupro-nickel.
The 1 fils coin was not produced after 1966 and is no longer in circulation. A bimetallic 100 fils coin was introduced in 1992.
Coins made of brass replaced bronze in the 5 and 10 fils in 1992. A bimetallic 500 fils coin was released in 2000 with the Pearl Monument on the obverse.
Here's a list of the coins of the Bahraini dinar, including their value, diameter, weight, composition, and first minted year:
Banknotes
The Bahraini Dinar is the official currency of Bahrain, and banknotes are a crucial part of it. The Bahraini Dinar is divided into 1,000 fils.
You can find banknotes in denominations of BD 1, BD 5, BD 10, BD 20, and BD 50. These denominations are widely accepted in Bahrain.
The Bahraini Dinar is pegged to the US Dollar, which means its value is tied to the value of the US Dollar. This stability is reflected in the banknotes.
In addition to the standard banknotes, there are also commemorative banknotes issued to celebrate significant events and figures in Bahrain's history. These special banknotes are a unique way to own a piece of Bahrain's history.
The banknotes are made of a combination of cotton and polymer, making them durable and long-lasting.
Using the Bahraini Dinar
The Bahraini dinar is a valuable currency, ranking among the most valuable in the world alongside the Kuwaiti dinar and Oman rial.
You can easily convert Bahraini dinars to US dollars using a currency converter. Simply type in the box how much you want to convert, select BHD as the currency you want to convert from and USD as the currency you want to convert to, and the converter will show you the current rate.
The Bahraini dinar is one of the top 10 most valuable currencies globally, alongside the British pound sterling, European euro, Swiss franc, U.S. dollar, and Canadian dollar.
Where to Spend Coins
You can spend your Bahraini dinar coins in various parts of the GCC countries, particularly in the UAE, where you may find currency exchange places or hotels accepting them. However, they are not commonly used for everyday transactions.
The Bahraini dinar coins in circulation include 5, 10, 25, 50, 100, and 500 fils, which can be used in these locations.
How to Get
To get the Bahraini Dinar, you can exchange your currency at a bank or currency exchange office.
You'll need to have your passport and a valid visa to exchange currency.
The Bahraini Dinar is pegged to the US Dollar, which means its value is tied to the US Dollar's value.
To get the best exchange rate, try to exchange your currency at a bank rather than a currency exchange office.
The Bahraini Dinar is divided into 1,000 fils, but you'll rarely see this smaller unit used in everyday transactions.
You can also withdraw Bahraini Dinar from ATMs using your debit or credit card.
Make sure to inform your bank of your travel plans to avoid any issues with your card being flagged as suspicious activity.
Can I Buy with a Card?
You can buy Bahraini dinars with a credit or debit card. We ensure no credit card handling fees are applied when you purchase Bahraini dinars from us.
It's a good idea to check with your card issuer for any potential charges they might apply.
Best Time to Buy
The best time to buy Bahraini dinars can be influenced by daily shifts in the market. Timing the market for the best rates is a tricky business.
Economic data, global politics, and trader sentiment can all impact the exchange rate. Your personal travel schedule and market-watching comfort will guide your decision.
If you're looking to buy Bahraini dinars, tools like our rate tracker can help you stay informed on the current rates. This can give you a better idea of when to make your purchase.
Converting to US Dollars
The Bahraini dinar is pegged to the US dollar at a fixed rate of $1 USD = 0.376 BHD.
To convert Bahraini dinars to US dollars, you can use a currency converter, such as the one described in Example 3. Simply type in the amount you want to convert, select BHD as the currency to convert from and USD as the currency to convert to, and the converter will show you the current exchange rate and how it's changed over the past day, week or month.
The exchange rate for Bahraini dinar to US dollars is currently 2.653, reflecting a 0.004% change since yesterday.
You can also use a table to compare exchange rates for Bahraini dinar to other currencies, such as the one in Example 5. Here is a snippet of the table:
Note that the exchange rate for Bahraini dinar to US dollars is pegged at $2.65, as stated in Example 4. This means that the exchange rate will not fluctuate.
Sources
- https://en.wikipedia.org/wiki/Bahraini_dinar
- https://wise.com/us/currency-converter/bhd-to-usd-rate/history
- https://www.investopedia.com/terms/forex/b/bhd-bahraini-dinar.asp
- https://wise.com/us/currency-converter/currencies/bhd-bahraini-dinar
- https://www.travelex.co.uk/currency/about-currency/bahrain-dinar
- https://www.globalexchange.hk/en/bahraini-dinar
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