The Euro Bahrain Dinar is a unique currency that's worth learning about. It's pegged to the US dollar at a fixed rate of 1 EUR = 0.385 BD, giving it a stable value.
In Bahrain, the dinar is widely accepted and used in everyday transactions. You can easily exchange your euros for dinars at banks or currency exchange offices.
The Bahraini government has implemented policies to maintain a stable economy, which has contributed to the dinar's stability. This makes it an attractive option for tourists and businesses alike.
As a result, the Euro Bahrain Dinar has become a popular choice for international transactions, especially in the Gulf region.
Understanding Euro Bahrain Dinar
To send money to Bahrain, you'll need to know how the currency exchange works. You can send money from Europe or anywhere else in the world to Bahrain through your bank or an online specialist service like Wise.
The Euro (EUR) is the official currency of the European Union, and it's widely accepted in many countries, including Bahrain. You can exchange your Euros for Bahraini Dinar (BHD) at a currency exchange office or online.
Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Bahrain.
Currency Performance and Volatility Metrics
The Euro to Bahraini Dinar exchange rate has been experiencing some fluctuations. The current rate is 0.388 BHD per 1 EUR.
In terms of currency strength, the Bahraini Dinar is currently stronger than the Euro, with 1 BHD equal to 2.577 EUR.
Over the past year, the Euro has lost value against the Bahraini Dinar by 5.83%. This change is significant, indicating a shift in the market.
Moderate volatility of 9.04% in the pair suggests a balance of potential gains and risks. This means that the exchange rate may change, but it's not expected to be extreme.
Today's exchange rate is smaller compared to yesterday's rate, showing a slight decrease in the Euro's value.
Forecast and Trends
The Euro has lost value against the Bahraini Dinar by 5.83% over the past year, indicating a moderate risk of price changes.
The EUR to BHD conversion rate has experienced moderate volatility of 9.04%, making it a balance of potential gains and risks.
As of January 3, 2025, the best EUR to BHD exchange rate is 0.3882 BHD, meaning that for every Euro you exchange, you will receive 0.3882 Bahraini Dinars.
To get the best EUR to BHD exchange rate, it's essential to shop around and compare rates from banks, currency exchange offices, and international payment services.
Forecast and Trending
The EUR to BHD exchange rate has been trending downward over the past year, with a loss of value of 5.98% for the Euro. This means the Bahraini Dinar has gained strength against the Euro.
The moderate volatility of 9.04% experienced by the pair suggests a balance of potential gains and risks. This moderate risk can be beneficial for those who can time their transactions well.
The EUR to BHD exchange rate is currently 0.388 BHD per Euro, which is a decrease from yesterday's rate of 0.389 BHD per Euro. This slight decrease is a normal fluctuation in the market.
The best EUR to BHD exchange rate today is 0.3882 BHD, which is the rate to beat if you're looking to exchange your Euros for Bahraini Dinars. This rate is as of January 3, 2025, 12:00 PM UTC.
Here's a summary of the key factors affecting the EUR to BHD exchange rate:
- Economic indicators, such as GDP growth, inflation, and interest rates can impact the exchange rate.
- Geopolitical events, such as elections and trade agreements can also influence the exchange rate.
- Central bank decisions, such as interest rate changes can affect the exchange rate.
Best Time
The best time to convert EUR to BHD is between 3-4 PM GMT, as currency market liquidity and trading volume tend to be the highest during this time.
Markets are open 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York, allowing for continuous trading.
If you need BHD urgently, it's advisable to convert Euros to Bahraini Dinars early in the week, to avoid delayed settlement until the following week due to weekend market closures.
Using Euro Bahrain Dinar
You can convert Euro to Bahraini Dinar either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Bahraini Dinar in cash.
To convert digitally, you can choose an international payment service that suits your needs and head to their desktop site, or download their app. You'll need to tap Send Payment, enter the amount in Euro you want to send, or the amount in Bahraini Dinar you want your recipient to get in the end.
The current EUR to BHD exchange rate is 0.388 BHD for every Euro you exchange. This rate may vary depending on the service you choose.
To get the best EUR to BHD exchange rate, you'll need to shop around a little to find the best rate for your specific transaction. You can get to know the EUR/BHD mid-market exchange rate using reputable currency conversion tools.
Here are the steps to follow when converting Euros to Bahraini Dinars:
- Simply type in the box how much you want to convert.
- Click on the dropdown to select EUR in the first dropdown as the currency that you want to convert and BHD in the second dropdown as the currency you want to convert to.
- Our currency converter will show you the current EUR to BHD rate and how it’s changed over the past day, week or month.
The best EUR to BHD exchange rate today is 0.3882 BHD, which means that for every Euro you exchange, you will receive 0.3882 Bahraini Dinars.
Featured Images: pexels.com
