Bahrain's Exchange Rate: Usd To Dinar Conversion

The Bahraini dinar (BHD) is the currency of Bahrain. As of November 2024, 1 BHD is worth approximately 2.65 US dollars (USD). The Bahraini dinar was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees for 1 dinar. It was initially equivalent to 3/4 of a pound sterling (15 shillings). The Bahraini dinar is the second highest-valued currency unit as of December 2021, with the Kuwaiti dinar taking the top spot.

Bahrain's currency

The official currency of Bahrain is the Bahraini Dinar (BHD). One Bahraini Dinar is divided into 1,000 fils and is available in various banknote denominations, including 1, 5, 10, and 20 dinars. Coins are issued in denominations of 5, 10, 25, 50, and 100 fils.

As of November 2024, 1 Bahraini Dinar is equivalent to approximately 2.65 US Dollars. The exchange rate varies and can change over time. For example, in October 2024, the exchange rate was approximately 0.377.

Bahrain has a well-developed banking infrastructure, and travellers can easily withdraw Bahraini Dinars from ATMs using international credit or debit cards. It is recommended to bring around $300 in cash and withdraw additional amounts as needed. Cash is the easiest and most common form of payment in Bahrain.

When travelling to Bahrain, it is important to be aware of the local customs and practices regarding money and bargaining. While it is acceptable to bargain for certain items, such as goods sold in markets or unscheduled taxi fares, there are also instances where bargaining is not appropriate, such as for scheduled taxi or bus fares, or for food and beverages in most shops.

USD/BHD exchange rate

As of November 2024, 1 USD is worth approximately 0.37-0.38 BHD. This means that 1 BHD is worth approximately 2.65-2.68 USD.

To understand this, it's important to know that exchange rates are how much one country's currency is worth in another country's currency. They are determined by supply and demand and can fluctuate daily.

The Bahraini dinar (BHD) is the currency of Bahrain. It was introduced in 1965, replacing the Gulf rupee at a rate of 10 rupees = 1 dinar. The Bahraini dinar is divided into 1000 fils.

The US dollar (USD) is the official currency of the United States and its territories, including American Samoa, Guam, the US Virgin Islands, and Puerto Rico. It is also used in Ecuador, El Salvador, and Zimbabwe, among other places.

As of December 2021, the Bahraini dinar was the second-highest-valued currency unit, at 2.65 United States dollars per unit. The highest-valued unit is the Kuwaiti dinar, at $3.32.

Historical exchange rates

The Bahraini dinar was introduced in 1965, replacing the Gulf rupee. In 2001, the dinar was officially pegged to the US dollar at a rate of 1 USD = 0.376 BHD, which translates to approximately 1 dinar = 2.65957 dollars. This makes the Bahraini dinar the second-highest valued currency.

| BHD | USD |

| --- | --- |

| 0.0263800735 | 1 |

| 0.2638007355 | 10 |

| 2.6380073548 | 100 |

| 5.2760147095 | 200 |

| 7.9140220643 | 300 |

| 13.1900367738 | 500 |

| 26.3800735476 | 1000 |

| 263.8007354765 | 10000 |

Using the above table, we can see that on 17 November 2024, 1 Bahraini dinar was equal to 2.6380073548 US dollars. This is a slight change from the pegged rate of 1 USD = 0.376 BHD.

Current exchange rate

As of 8 November 2024, 1 Bahraini Dinar (BHD) is worth 2.6532 US Dollars (USD). This means that the Bahraini Dinar is the second-highest valued currency unit in the world, with the Kuwaiti Dinar being the highest-valued.

The Bahraini Dinar was introduced in 1965, replacing the Gulf Rupee at a rate of 10 rupees for 1 dinar. It was initially equivalent to 3/4 of a pound sterling (15 shillings). When sterling was devalued in 1967, the dinar was re-pegged to 17s 6d sterling (7/8 of a pound).

The exchange rate between the Bahraini Dinar and the US Dollar has changed over time. In June 2023, the exchange rate averaged 0.376 (USD/BHD), while in November 1971, it reached an all-time high of 0.476. The record low was in July 1999 at 0.376.

Today, the exchange rate for the Bahraini Dinar remains relatively stable, and it is officially pegged to the IMF's Special Drawing Rights (SDRs). This means that the exchange rate is fixed, with 1 USD equalling 0.376 BHD, or approximately 1 BHD equalling 2.65957 USD.

The Bahraini Dinar is the currency of Bahrain and is divided into 1000 fils. The name "dinar" is derived from the Roman "denarius". The currency code for the Bahraini Dinar is BHD, and it is usually represented with three decimal places denoting the fils.

Exchange rate comparisons

The Bahraini dinar (BHD) is the currency of Bahrain, and it is divided into 1000 fils. The Bahraini dinar was introduced in 1965, replacing the Gulf rupee. In 2001, the dinar was officially pegged to the US Dollar at a rate of 1 USD = 0.376 BHD, which translates to approximately 1 BHD = 2.65957 USD. This rate has remained stable, with historical data from October 2024 showing an exchange rate of 1 BHD = 2.6525 USD.

Comparing this to other currencies, we can see that the Bahraini dinar is worth more than the US Dollar. As of December 2021, the Bahraini dinar was the second-highest valued currency unit, with 1 BHD = 2.65 USD. The only currency unit higher in value was the Kuwaiti dinar at 1 KWD = 3.32 USD.

The exchange rate between the Bahraini dinar and the US Dollar has been relatively stable, with only minor fluctuations. For example, looking at the exchange rate history from October 2024, we can see that the rate fluctuated between a minimum of 2.648432 USD and a maximum of 2.660011 USD. These minor fluctuations can be influenced by various economic factors, such as inflation, interest rates, and the balance of trade between the two countries.

It is worth noting that the Bahraini dinar is also accepted in some neighbouring countries, such as Saudi Arabia, where Saudi riyals are accepted at all points of sale in Bahrain at a rate of 10 riyals to 1 dinar. This further highlights the strength and recognition of the Bahraini dinar in the region.

Frequently asked questions