The Canadian dollar and Bahamian dollar may seem like two distinct currencies, but they're actually connected through various exchange rates. The exchange rate between these two currencies fluctuates constantly, influenced by global market trends and economic factors.
In 2022, the Canadian dollar was trading at around 1 CAD = 0.80 BSD, with a significant fluctuation in the exchange rate throughout the year. This makes it essential to stay informed about current exchange rates to ensure accurate conversions.
The Bahamian dollar is pegged to the US dollar, which in turn affects the exchange rate between the Canadian and Bahamian dollars. This means that changes in the US dollar's value will have a ripple effect on the CAD-BSD exchange rate.
Understanding these exchange rates is crucial for travelers, businesses, and individuals planning to exchange or convert CAD to BSD.
Conversion Basics
To convert Canadian Dollars to Bahamian Dollars, you'll see the value of the converted currency according to the most recent exchange rate. This is as straightforward as it gets.
The exchange rate is constantly changing, so it's essential to check the most up-to-date rate for accurate conversions. As of February 3, 2025, 100 Canadian Dollars is equivalent to 67.755 Bahamian Dollars.
The exchange rate can be expressed as a ratio, with 0.6776 Bahamian Dollars equivalent to one Canadian Dollar at the time of this writing.
Exchange Rates and Charts
The Canadian dollar has fluctuated against the Bahamian dollar over the past 30 days, reaching a high of 0.69908 and a low of 0.68764, with an average rate of 0.69468.
If you're looking to convert a large amount of Canadian dollars to Bahamian dollars, you can refer to the conversion rates in the table below:
Over the past 90 days, the Canadian dollar has experienced a total change of -4.41% against the Bahamian dollar, with a high of 0.72259 and a low of 0.68764.
The Canadian dollar has decreased by -2.60% year-to-date against the Bahamian dollar, and has declined by -6.11% over the past 10 years.
The Bahamian dollar is currently worth 0.6776 BSD per 1 CAD, which is a relatively stable rate over the past 30 days.
Currency Comparison
The Canadian Dollar (CAD) has a stable and reliable reputation, thanks to the Bank of Canada, which has been administering it since 1858. This stability is a cornerstone of Canada's economic framework, facilitating international trade and investments.
The Canadian Dollar is also recognized by its symbol, CA$, and its ISO code, CAD. It's a widely accepted currency that's been around for a long time, having supplanted numerous colonial currencies.
Its reliability is one of the reasons why the Canadian Dollar is a popular choice for international transactions. Established in 1858, it has a long history of stability and trustworthiness.
Stats and Trends
The CAD to BSD exchange rate has seen some fluctuations in the last few months. The 30 day high for CAD to BSD was 0.6991, while the 30 day low was 0.6777.
In the last 30 days, the average exchange rate was 0.6937, with a change of -2.08. This indicates a slight decline in the value of the Canadian dollar compared to the Bahamian dollar.
Over the longer term, the 90 day high was 0.7228, and the 90 day low was 0.6777. The 90 day average was 0.7025, with a change of -6.23.
Here are the key stats for the last 30 and 90 days:
Stats and Trends
The CAD to BSD exchange rate has seen some fluctuations in recent times. The 30-day high was 0.6991, while the 30-day low was 0.6777, resulting in a 30-day average of 0.6937.
The 90-day high was 0.7228, and the 90-day low was 0.6777, with an average of 0.7025. This shows a significant change of -6.23% over the 90-day period.
The highest CAD to BSD exchange rate in the last year was 0.7471 Bahamian Dollars per Canadian Dollar on February 1, 2024.
In the last 10 years, the highest rate from Canadian Dollars to Bahamian Dollars was on June 2, 2021, when each Canadian Dollar was worth 0.8305 Bahamian Dollars.
Over the last 30 days, the CAD to BSD exchange rate reached a high of 0.69908 and a low of 0.68764, with an average rate of 0.69468. This resulted in a total change of -1.15% during this period.
Here's a breakdown of the high, low, and average exchange rates for the last 30 and 90 days:
The lowest CAD to BSD exchange rate in the last year was 0.6876 Bahamian Dollars per Canadian Dollar on January 31, 2025.
Economic indicators, such as GDP growth, inflation, and interest rates, can impact the exchange rate. Geopolitical events and central bank decisions can also influence the exchange rate.
Which Is Stronger?
The Bahamian Dollar is currently stronger than the Canadian Dollar, as 1 BSD is equal to 1.4759 CAD. This is a significant difference, and it's essential to keep in mind when traveling or doing business between the two countries.
If you're planning a trip to the Bahamas, you'll get more Canadian Dollars for your money than you would in Canada. Conversely, 1 CAD is worth 0.6776 BSD.
The exchange rate between the two currencies can fluctuate, but currently, the Bahamian Dollar has the upper hand.
Frequently Asked Questions
Can you use Canadian Dollars in Bahamas?
Yes, Canadian dollars can be exchanged for Bahamian dollars in banks and currency exchange bureaus in The Bahamas. However, it's worth noting that there are restrictions on exchanging and leaving the country with large amounts of cash.
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