Currency Exchange Rate Bahraini Dinar To Us Dollar
Introduction
If you are planning to travel to Bahrain or you are just curious about the currency exchange rate between Bahraini Dinar and US Dollar, you have come to the right place. In this article, we will discuss the current exchange rate and other factors that may affect it.
What is Bahraini Dinar?
Bahraini Dinar, also known as BHD, is the official currency of Bahrain. It is divided into 1000 fils. The currency is issued by the Central Bank of Bahrain, which was established in 1973.
What is US Dollar?
US Dollar, also known as USD, is the official currency of the United States of America. It is the most widely used currency in international transactions and is also the world's primary reserve currency. It is divided into 100 cents.
Current Exchange Rate
As of September 2021, the exchange rate between Bahraini Dinar and US Dollar is 2.65. This means that one US Dollar is equivalent to 0.377 Bahraini Dinar. The exchange rate is subject to change based on various factors such as economic conditions, political stability, and global events.
Factors Affecting Currency Exchange Rate
There are several factors that affect the currency exchange rate between Bahraini Dinar and US Dollar. Some of these factors include:- Economic conditions: The strength of the economy in both Bahrain and the United States can affect the exchange rate. A strong economy usually leads to a stronger currency.- Political stability: Political instability in either country can affect the exchange rate. A stable political environment usually leads to a stronger currency.- Global events: Major global events such as natural disasters, wars, and pandemics can affect the exchange rate.- Interest rates: The difference in interest rates between the two countries can affect the exchange rate. A higher interest rate usually leads to a stronger currency.
Exchange Rate History
The exchange rate between Bahraini Dinar and US Dollar has fluctuated over the years. In 2010, the exchange rate was 2.65, which is the same as the current rate. However, in 2016, the rate reached a high of 2.66 and a low of 2.64.
Where to Exchange Currency?
If you are traveling to Bahrain, you can exchange your US Dollars for Bahraini Dinar at local banks, exchange bureaus, or airports. It is advisable to compare exchange rates and fees before exchanging currency.
Conclusion
In conclusion, the exchange rate between Bahraini Dinar and US Dollar is currently 2.65. The rate is subject to change based on various factors such as economic conditions, political stability, and global events. If you are traveling to Bahrain, it is advisable to compare exchange rates and fees before exchanging currency.
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