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Bahamas - Bahamian Dollar - Currency Guide

 

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

     

USD/BSD Trend (90-day)

USDBSD is steady at its 90-DAY average 1.
|
No alerts
 
Recent USD to BSD Trend + Alerts

The above interactive chart shows the USD/BSD Exchange Rate, Trends and Alerts - UP DOWN HIGH LOW

   

BSD News, Forecasts and Trends

US Dollar to Bahamian Dollar - Historical Rates

USD/BSDChangePeriod
1.0000
01 Mar 2021
no change1 Week
1.0000
06 Feb 2021
no change30 Days
1.0000
08 Dec 2020
no change90 Days
1.0000
08 Mar 2020
no change1 Year
1.0000
09 Mar 2016
no change5 Years
1.0000
11 Mar 2011
no change10 Years

USD/BSD 10 year historic rates & change to 08-Mar-2021 : 1.0000

 

$10,000 USD
=
B$10,000 BSD

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

US Dollar to Bahamian Dollar - Quick Convert

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
$ 50,000 B$ 50,000
$ 100,000 B$ 100,000
More amounts
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
$ 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 Dollars 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 Dollars deposited into the recipient bank account and less margins and fees kept by the banks!


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