Currency in Bahrain: BHD Send & Spend FX Guide
Resources for Expats, Travelers, and Entrepreneurs Navigating Life and Trade in Bahrain with the Bahraini dinar.
What's in this Bahrain currency guide?
What currency is used in Bahrain?
The official currency of Bahrain (country code: BH) is the Bahraini dinar, with symbol and currency code BHD.
What is a good Bahraini dinar exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
Loading rates...
|
|
|
Good things to know about the Bahraini dinar
The currency code "BHD" refers to the Bahraini dinar, which is the official currency of Bahrain. It is represented by the symbol "د.ب" and is abbreviated as BHD. The physical currency consists of coins and banknotes. The coins come in denominations of 1 fils, 5 fils, 10 fils, 25 fils, and 50 fils. The banknotes come in denominations of 1 dinar, 5 dinars, 10 dinars, 20 dinars, and 50 dinars. The banknotes feature images of famous Bahraini historical figures, such as Sheikh Isa bin Salman Al Khalifa and Sheikh Hamad bin Isa Al Khalifa. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
For more BHD information check out our selection of Bahraini dinar news and guides.
Frequently Asked Questions
What currency should I use in Bahrain?
The domestic currency in Bahrain is the Bahraini dinar.
What is the Bahraini dinar currency code and symbol?
The three letter currency code for the Bahraini dinar is BHD.
What does the Bahraini dinar look like?
Here is an example Bahraini dinar banknote:
Which countries use the Bahraini dinar?
It is the domestic currency in Bahrain.
Is the Bahraini dinar a closed currency?
No, the Bahraini dinar is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of AUD and BHD?
Here are some popular conversion amounts for AUD to BHD (Australian dollar to Bahraini dinar)*.
*Converted at the current AUDBHD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Bahrain
Using Wise for Bahraini dinar travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Bahraini dinar otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Bahraini dinar cash before departure, you can save money by ordering online. You generally get better rates and can pick up the BHD cash locally or even on travel day at the airport.
Bahrain: Travel Guide
Traveling to Bahrain requires careful financial planning to ensure a smooth and cost-effective experience. Here's a comprehensive guide to help you navigate currency considerations and manage your money effectively during your visit.
Bahrain, a small island nation nestled in the Persian Gulf off the coast of Saudi Arabia, boasts a rich history, vibrant culture, and modern attractions. With a population of around 1.6 million, this Arabic-speaking country offers a unique travel experience.
Exploring Bahrain's Treasures
- Bahrain's historical and cultural heritage shines through its ancient sites and landmarks. Must-visits include:
- Bahrain Fort: This UNESCO World Heritage site showcases Bahrain's fascinating past.
- Tree of Life: This mysterious tree stands alone in the desert, a testament to nature's resilience.
Modern attractions add to Bahrain's allure:
- Bahrain International Circuit: A world-renowned motor racing facility hosting major events.
- Bahrain World Trade Center: This iconic skyscraper with its sail-shaped design dominates the skyline.
Essential Travel Tips
To make the most of your trip to Bahrain, keep these tips in mind:
- Respect Local Customs: Bahrain is a predominantly Muslim country. Dress modestly, especially for women, and be mindful of behavior in religious places.
- Pack for the Heat: Bahrain has a hot and humid climate. Pack lightweight, breathable clothing, sunscreen, and a hat.
- Learn Basic Arabic: While English is widely spoken, learning a few Arabic phrases demonstrates respect and enhances your experience.
- Stay Hydrated: Carry a reusable water bottle and refill it regularly to combat the heat and humidity.
- Mosquito Protection: Pack insect repellent and wear long sleeves and pants when possible to avoid mosquito bites.
- Drive Defensively: Traffic in Bahrain can be chaotic. Exercise caution and be aware of your surroundings.
With its blend of history, culture, and modern amenities, Bahrain promises a memorable travel experience. By respecting local customs and planning accordingly, you can enjoy all that this fascinating island nation has to offer.
Everyday Costs in in Bahrain
How much does it really cost to live, work, or travel in Bahrain? Here's what to expect for daily expenses and expat living.
Currency Guide for Bahrain (ISO Code: BH)
For a traveler planning a one-week mid-range stay in Bahrain, budgeting around 600-800 BHD (Bahraini Dinars) should cover most expenses comfortably. This estimate includes accommodation, dining, transportation, and entertainment. Typical daily expenses in Bahrain include:
- 🍽️ Meal at a local restaurant: 3-5 BHD
- ☕ Coffee: 1-2 BHD
- 🚍 Public transport fare: 0.2-0.5 BHD
- 📱 Prepaid SIM card: 5-10 BHD
- 🏨 Budget hotel or Airbnb: 20-40 BHD per night
In comparison to the United States and the UK, Bahrain is generally considered an affordable travel destination overall—especially for dining and public transportation. While a mid-range meal in the US might cost around $20, you can enjoy excellent local cuisine at half the price in Bahrain. Compared to the UK, where similar meals might run around £15, Bahrain provides a cost-effective alternative for travelers seeking a rich cultural experience without breaking the bank.
Insights for Expats in Bahrain
Expats settling in Bahrain can anticipate monthly living costs to range between 500-800 BHD, depending on lifestyle choices and location. Typical expenses include rent for a one-bedroom apartment (300-500 BHD), groceries (50-100 BHD), and utility bills (30-60 BHD). For those new to Bahrain, banking is straightforward. Most establishments accept major credit and debit cards, but it’s wise to keep some cash for smaller vendors. When sending or receiving money, services such as Wise or OFX often provide better rates compared to local banks, making them worth considering for international transactions. Furthermore, exchanging a small amount of cash locally is advisable for immediate expenses, but for larger transfers, online services usually offer more favorable exchange rates, helping expats save on their financial transactions.
USD/BHD Market Data
The below interactive chart displays the USD/BHD change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Bahrain - Best Rates
To get a good (and fair) exchange rate when sending money to Bahrain 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 Bahrain
When sending money to Bahrain 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Bahraini dinar amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted BHD amount will be transfered to the recipient account you specify in Bahrain.
Use the above 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 Bahraini dinar deposited into the recipient bank account and less margins and fees kept by the banks!
Managing money while living and working in Bahrain
Managing your money effectively while living and working abroad can be challenging, but there are several steps you can take to ensure that your finances are in order.
Understand Bahraini dinar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the BHD exchange rate and consider using a money transfer specialist or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Bahraini dinar bank account: A local BHD bank account can make it easier for you to manage your finances and pay bills while you are in Bahrain. It may also be more convenient to use a local BHD bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Bahrain. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Bahrain. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Bahrain, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
We have put together some key points to help managing your money effectively, you can reduce financial stress and enjoy your experience living or doing business in Bahrain.
Bahrain offers a rewarding expat experience with its blend of modern living and cultural richness
- High Standard of Living: Bahrain boasts a developed infrastructure, good healthcare, and quality education systems.
- Welcoming Culture: Known for its friendly people, expats generally find it easy to integrate into local communities. English is widely spoken, but learning basic Arabic is appreciated.
- Challenges: The cost of living is relatively high, and job opportunities can be limited due to the country's small size.