How can I get the best exchange rate between US dollar and the Bahraini dinar?
In order to get the best exchange rate, you should compare various money-changing services against the official mid-market rate. Check banks, online money transfer services and traditional moneychangers.
Currencies with a pegged exchange rate offer an easier comparison than free-floating currencies since the exchange rate does not change from day to day. Keep in mind, however, that even though the Bahraini dinar is pegged to the US dollar, it still fluctuates in comparison to other currencies like the euro or the British pound.
The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
$1, $5, $10, $20, $50, $100
1c, 5c, 10c, 25c, 50c
The Bahraini dinar is the official currency of Bahrain, an archipelago of 33 islands. The country is an international financial center in the oil-rich Gulf region of the world.
.د.ب (Arabic), BD (Latin)
BD 1⁄2, BD 1, BD 5, BD 10, BD 20
5, 10, 25, 50, 100, BD 1⁄2 (500 fils)
What affects exchange rates between the US dollar and the Bahraini dinar?
At the moment, some fiscal reforms appear to be necessary for the central bank to be able to maintain the dinar’s peg to the dollar over the long term.
Forces that may be adding pressure on the peg policy include inflation, interest rates, and government debt in both countries. Since January 2017, the inflation rate in Bahrain has been fluctuating between 0.8% and 1.5%, whereas the inflation rate in the United States has been fluctuating between 3% and 1.5% over the same period.
Interest rates in the countries involved also play a big role. Higher interest rates have a favorable effect on a country’s exchange rate since the currency is more appealing to investors. The interest rate in Bahrain averaged 1.39% from 2006 to 2017, reaching a high of 5% in early 2017.
Government debt, more specifically as a percentage of GDP, is also used as a measure of a country’s ability to fulfill its obligations. Bahrain recorded a government debt equivalent to 82.1% of the country’s GDP in 2016. Higher government debt, as compared to GDP, makes the currency unattractive to foreign investors, putting downward pressure on exchange rate.
Send money from USD to BHD
How does the Bahraini dinar trade against the US dollar historically?
The Central Bank of Bahrain follows a pegged exchange rate policy and maintains an exchange rate peg at 0.376 Bahraini dinar for one US dollar. The exchange rate peg provides stability for its monetary policy, thereby allowing the central bank to control inflation and protect the currency’s external value.
US Dollar to the Bahraini Dinar for the last 10 days
1 USD =
US Dollar to the Bahraini Dinar for the last 10 months
1 USD =
US Dollar to the Bahraini Dinar for the last 10 years
1 USD =
Market rate for common transfer amounts USD to BHD
Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
How likely would you be to recommend finder to a friend or colleague?
Very UnlikelyExtremely Likely
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.