Exchange Rate

The Central Bank’s buying and selling rates for U.S. dollars from/to commercial banks are US$1.00 = B$1.00 and US$1.00 = B$1.0025, respectively, and at par for cash transactions. Foreign exchange rates for the quotation of Pound Sterling are obtained each business day from the international market at 9:00 a.m. and 11:30 a.m. and at other appropriate intervals, depending on the dollar value of transactions and market volatility. For Pound Sterling sales, the Central Bank maintained the policy of adding a commission of 0.5% to the mid-rate.

The daily foreign exchange spot rates for currencies against the Bahamian dollar are shown below.