Latest Currency Exchange Rates: 1 US Dollar = 1.0001 Bahamian Dollar. On this page convert USD to BSD using live currency rates as of 17/10/2023 10:56.
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Currency & BankingThe legal tender is the Bahamian dollar, which is equivalent in value to the U.S. dollar. U.S. currency is accepted throughout Nassau Paradise Island, as are most major credit cards and traveler's checks.
If you are traveling from the US, there is no need to change your money. US dollars are used as readily as Bahamian Dollars in the bahamas and are equal in value. If you are coming from another country, it's wise to change your money before you get to the bahamas.
If you are traveling from the US, there is no need to change your money. US dollars are used as readily as Bahamian Dollars in the bahamas and are equal in value. If you are coming from another country, it's wise to change your money before you get to the bahamas.
Money & tippingIn fact, visitors may use either Bahamian dollars or US dollars. All-inclusive resorts and key tourist areas accept major credit and debit cards, and you can withdraw currency from the ATMs, but these are relatively rare on the Out Islands, so it's worth coming prepared.
Things every first-time tourist needs to know:There's no need to get your currency exchanged, US currency is accepted. You'll want to travel with cash and a major credit card though, because you'll probably need both during your stay. Tips are king. If someone helps you during your stay, tips are expected.
Those coming to the Bahamas should be aware that a daily budget for the islands typically runs around $100. Guests of the islands will be able to purchase everyday necessities and afford meals with this amount per day: although it might be better to budget for closer to $150-$200.
In the Bahamas tipping is expected by workers in the service industry, they have similar practices to North American and Western Europe. The islands are well accustomed to international tourists and work hard to provide visitors with outstanding service, it is common to leave a tip in the tourist areas of the island.
Unless you plan on spending outrageously on meals and souvenirs, $150 a day would be fine. Make sure that you change out or spend any of your Bahamian currency, before departing to go home (airport shops will take it) as it is more difficult to convert in the USA.
Liquor is inexpensive in the Bahamas and generally sold by the liter. Rum starts as low as $8 a bottle. The duty on beer and wine is much higher so therefore it is generally more expensive. Expect to pay around $50 for a case of beer and wine starts at around $10 a bottle.
Your driver has a list of all rates to all locations. It's best to establish the fare before you take the ride. The currency is the Bahamian dollar (B$1), pegged to the U.S. dollar so that they're always equivalent. (In fact, U.S. dollars are accepted widely throughout The Bahamas.)
You should plan to spend around BS$188 ($189) per day on your vacation in Nassau, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, BS$52 ($53) on meals for one day and BS$32 ($33) on local transportation.