Canadian Dollar to Bahamian Dollar

The Canadian dollar (symbol: CA$, code: CAD, number 124) is Canada's monetary unit since 1858. It is subdivided into 100 cents. The Canadian currency is among the most traded on the world currency market.

The CAD exchange rate largely depends on the state of the economy of the neighboring United States and the changing position of the US dollar. Although several generations of dollars have already been produced in the country, old issues are still accepted. All banknotes printed after 1935 remain legal tender.

The Bahamian dollar (sign B$, code BSD) is used for payment in the Bahamas. 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.