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US dollar to Bahraini dinar exchange rate
Find the best USD/BHD exchange rate for 21 Apr 2021.
Refreshing in: 60s | Wed, Apr 21, 04:13AM GMT
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Historical Rate chart of USD and BHD
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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.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Currency Symbol:||.د.ب (Arabic), BD (Latin)|
|Bank notes:||BD 1⁄2, BD 1, BD 5, BD 10, BD 20|
|Coins:||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.
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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
|Apr 11||Apr 12||Apr 13||Apr 14||Apr 15||Apr 16||Apr 17||Apr 18||Apr 19||Apr 20|
|1 USD =||0.3770 Inverse: 2.6527||0.3770 Inverse: 2.6527||0.3770 Inverse: 2.6526||0.3770 Inverse: 2.6523||0.3771 Inverse: 2.6520||0.3771 Inverse: 2.6520||0.3771 Inverse: 2.6520||0.3774 Inverse: 2.6498||0.3770 Inverse: 2.6528||0.3770 Inverse: 2.6523|
US Dollar to the Bahraini Dinar for the last 10 months
|Jun 2020||Jul 2020||Aug 2020||Sep 2020||Oct 2020||Nov 2020||Dec 2020||Jan 2021||Feb 2021||Mar 2021|
|1 USD =||0.3770 Inverse: 2.6526||0.3771 Inverse: 2.6519||0.3770 Inverse: 2.6525||0.3770 Inverse: 2.6522||0.3770 Inverse: 2.6522||0.3771 Inverse: 2.6521||0.3772 Inverse: 2.6513||0.3768 Inverse: 2.6541||0.3769 Inverse: 2.6534||0.3771 Inverse: 2.6516|
US Dollar to the Bahraini Dinar for the last 10 years
|Apr 2011||Apr 2012||Apr 2013||Apr 2014||Apr 2015||Apr 2016||Apr 2017||Apr 2018||Apr 2019||Apr 2020|
|1 USD =||0.3765 Inverse: 2.6558||0.3765 Inverse: 2.6559||0.3771 Inverse: 2.6515||0.3774 Inverse: 2.6496||0.3769 Inverse: 2.6534||0.3769 Inverse: 2.6531||0.3770 Inverse: 2.6526||0.3770 Inverse: 2.6522||0.3770 Inverse: 2.6525||0.3767 Inverse: 2.6545|
Market rate for common transfer amounts USD to BHD
|US Dollars (USD)||Bahraini dinar (BHD)|
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