Adrienne Fuller is the head of publishing at Finder. 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.
US Dollar to Bahraini Dinar Exchange Rate
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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
|Feb 17||Feb 18||Feb 19||Feb 20||Feb 21||Feb 22||Feb 23||Feb 24||Feb 25||Feb 26|
|1 USD =||0.3770 Inverse: 2.6528||0.3770 Inverse: 2.6523||0.3770 Inverse: 2.6522||0.3770 Inverse: 2.6525||0.3769 Inverse: 2.6534||0.3769 Inverse: 2.6534||0.3769 Inverse: 2.6532||0.3770 Inverse: 2.6527||0.3770 Inverse: 2.6522||0.3767 Inverse: 2.6549|
US Dollar to the Bahraini Dinar for the last 10 months
|Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019||Oct 2019||Nov 2019||Dec 2019||Jan 2020|
|1 USD =||0.3770 Inverse: 2.6524||0.3770 Inverse: 2.6525||0.3770 Inverse: 2.6525||0.3770 Inverse: 2.6523||0.3769 Inverse: 2.6533||0.3770 Inverse: 2.6529||0.3770 Inverse: 2.6524||0.3770 Inverse: 2.6525||0.3772 Inverse: 2.6513||0.3769 Inverse: 2.6529|
US Dollar to the Bahraini Dinar for the last 10 years
|Feb 2010||Feb 2011||Feb 2012||Feb 2013||Feb 2014||Feb 2015||Feb 2016||Feb 2017||Feb 2018||Feb 2019|
|1 USD =||0.3765 Inverse: 2.6560||0.3766 Inverse: 2.6557||0.3765 Inverse: 2.6564||0.3770 Inverse: 2.6524||0.3770 Inverse: 2.6527||0.3770 Inverse: 2.6527||0.3769 Inverse: 2.6532||0.3770 Inverse: 2.6524||0.3769 Inverse: 2.6531||0.3769 Inverse: 2.6530|
Market rate for common transfer amounts USD to BHD
|US Dollars (USD)||Bahraini dinar (BHD)|
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