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    Bahamas - Bahamian dollar - Currency Guide

     

    Foreign exchange guide to Bahamas and the Bahamian dollar (BSD)

         

    USD/BSD Trend (90-day)

    USD to BSD is steady at 90 day average 1.
    |
    No alerts
     

    The below interactive chart displays the USD/BSD trend and UP DOWN HIGH LOW alerts

     
    USD to BSD Currency Trend Chart
       

    US dollar to Bahamian dollar - Historical Rates

    USD/BSDChangePeriod
    19 Jul 2021
    1.0000
    no change1 Week
    26 Jun 2021
    1.0000
    no change30 Days
    27 Apr 2021
    1.0000
    no change90 Days
    26 Jul 2020
    1.0000
    no change1 Year
    27 Jul 2016
    1.0000
    no change5 Years
    29 Jul 2011
    1.0000
    no change10 Years

    USD/BSD rate change to 26-Jul-2021 → 1.0000

     

    $1,000 USD
    =
    B$1,000 BSD

    Converted at USD/BSD interbank rate, compare Send Money and Currency Exchange exchange rates.

    USD to BSD - Quick Amounts

    Sell USD   →   Buy BSD
    USD BSD
    $ 1 B$ 1.0000
    $ 5 B$ 5.0000
    $ 10 B$ 10.00
    $ 20 B$ 20.00
    $ 50 B$ 50.00
    $ 100 B$ 100.00
    $ 250 B$ 250.00
    $ 500 B$ 500.00
    $ 1,000 B$ 1,000
    $ 2,000 B$ 2,000
    $ 5,000 B$ 5,000
    $ 10,000 B$ 10,000
    $ 20,000 B$ 20,000
    $ 50,000 B$ 50,000
    $ 100,000 B$ 100,000
    USD BSD
    $ 1.0000 B$ 1
    $ 5.0000 B$ 5
    $ 10.00 B$ 10
    $ 20.00 B$ 20
    $ 50.00 B$ 50
    $ 100.00 B$ 100
    $ 250.00 B$ 250
    $ 500.00 B$ 500
    $ 1,000 B$ 1,000
    $ 2,000 B$ 2,000
    $ 5,000 B$ 5,000
    $ 10,000 B$ 10,000
    $ 20,000 B$ 20,000
    $ 50,000 B$ 50,000
    $ 100,000 B$ 100,000

    More amounts

     

    Frequently Asked Questions

     

    What currency should I use in Bahamas?

    The domestic currency in Bahamas is the Bahamian dollar.

    What is the Bahamian dollar currency code and symbol?

    The three letter currency code for the Bahamian dollar is BSD — symbol is B$.

    Which countries use the Bahamian dollar?

    It is the domestic currency in    Bahamas.

    Is the Bahamian dollar a closed currency?

    Yes the Bahamian dollar is a closed currency. Which means that you may find it difficult to purchase the currency (BSD) before departure and will probably need to buy it upon arrival. If you do manage to buy some of the currency or have some left over from a previous trip, make sure you are aware if you are allowed to bring this closed currency into the country.

    For more information and a full list of closed currencies please refer to our guide: What is a closed currency?

     

    Travel, Currency and Money saving tips for Bahamas

    Like most islands in the Caribbean, the Bahamas are an expensive destination. The Bahamian dollar and the US dollar are both accepted throughout the islands. Banking hours are Monday through Thursday, 9:30 a.m. to 3:00 p.m., and Friday from 9:30 a.m. to 4:30 p.m. In Nassau/Paradise Island there are ATMs at both Paradise Island and Cable Beach casinos, and commercial banks. In Grand Bahama, they can be found at major banks, the casino and Port Lucaya and on The Out Islands, ATMs are at banks on all of the major islands.

    Nassau and Freeport Have dozens of jitneys (private minibuses) licensed to operate on pre established routes. Out Islands There’s not much public transportation as Taxi is the main means of getting around cities in the Bahamas. Renting a bike can be a good alternative. Tickets to the more expensive nightclubs can often be bought at a huge discount from hotels and taxi drivers.

     

    Travel money for Bahamas

    As mentioned above, the Bahamian dollar is a closed currency. Which means that you may find it difficult (or be permitted) to purchase the currency (BSD) before departure and will need to buy it upon arrival in Bahamas.

    For these types of destinations, using a pre-paid travel card is a good solution. As no travel cards support loading closed currencies like the BSD you will incur currency conversion or foreign transaction fees if you use a travel money card in Bahamas.

    However, using a pre-paid travel card is still a good idea as you can avoid ATM fees and also you can avoid using (and losing!) your main bank or debit/credit card.

     

    Send Money to Bahamas - Best Rates

    To get a good (and fair) exchange rate when sending money to Bahamas you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists to see how much you can save - we make that calculation easy in the below table.


    Get a better deal for foreign transfers to Bahamas

    When sending money to Bahamas it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

    1. Open an account with a BER reviewed FX provider (id docs may be required)
    2. You specify the local or Bahamian dollar amount you want to transfer
    3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
    4. Once your funds are received by the provider the converted BSD amount will be transfered to the recipient account you specify in Bahamas.

    Use the above Send to Bahamian dollar calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Bahamian dollar deposited into the recipient bank account and less margins and fees kept by the banks!


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