Pound Sterling to Bahamian Dollar — exchange rate

Country of Circulation: United Kingdom, Guernsey, Isle of Man, Jersey

Currency Code, Symbol: GBP, £

Denominations of coins in circulation: 1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Denominations of banknotes in circulation: £1, £5, £10, £20, £50, £100

History: The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.Read More

Country of Circulation: The Bahamas

Currency Code, Symbol: BSD, B$

Denominations of coins in circulation: 1, 5, 10, 25 cents

Denominations of banknotes in circulation: $1, $5, $10, $20, $50, $100

History: The Bahamian dollar (B$) is used for payment in the Bahamas. The national currency of the country is denoted as BSD and by a traditional dollar sign. Sometimes, letter B is added in front of $ to avoid confusion.Cent is used as change for the Bahamian dollar. Every BSD has 100 cents. The currency has been introduced into circulation in 1966. Before that, pound sterling was used as the currency. There is an agreement signed between the Bahamas and the USA that allows to use both currencies on the territory of the island. Thus, tourists, who come on vacation, can use the American dollar to pay for services and purchases.Read More