Convert United States Dollar to Bahamian Dollar
Please provide values below to convert United States Dollar [USD] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to United States Dollar.
How to Convert United States Dollar to Bahamian Dollar
1 USD = 1 BSD
Example: convert 15 USD to BSD:
15 USD = 15 × 1 BSD = 15 BSD
United States Dollar to Bahamian Dollar Conversion Table
| United States Dollar | Bahamian Dollar |
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United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.