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NewBuy, Sell or Transfer Bahraini Dinar (BHD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
| Capital | Manama |
| Dialing Code | +973 |
| Currency | Bahraini Dinar (BHD) |
| Official Language | Arabic |
| Official Name | Mamlakat al Bahrayn |
The Bahraini Dinar or the Dinar is the legal currency of Bahrain. Bahrain is a small Arab island nation situated on the southwest coast of the Persian Gulf. It is a wealthy nation heavily relying on the gas and oil industry. The currency of Bahrain is called the Bahraini Dinar and it is the 2nd highest-valued currency in the globe. The Bahraini Dinar is pegged to the US Dollar.
The Bahraini Dinar is one of the highest-valued currencies in the foreign exchange market. The currency is abbreviated as ‘BHD’ in the forex market. While the symbol of the currency is ‘BD’. The BHD was first issued in the year 1965. The Bahraini dinar replaced the Gulf Rupee. The Central Bank of Bahrain is the authority to issue and circulate the BHD. The denominations of BHD currency are as under:
Banknotes: ½ BHD, 1 BHD, 5 BHD, 10 BHD, and 20 BHD are in circulation.
Coins: 5 fils, 10 fils, 25 fils, 50 fils, 100 fils, and 500 fils are in circulation.
The foreign currency exchange rate is the amount at which a particular currency can be bought or sold. These foreign currency exchange rates are fluctuating daily. Following is a list of macroeconomic factors that affect the exchange rates of the Bahraini dinar to the Indian Rupee:
Inflation rates in India,
Terms of trade between Bahrain and India,
Interest rates offered by India to attract foreign investments,
Stable political relations between both countries,
Economic conditions of both countries,
Commodity prices, and
Import and exports between both countries.
The conversion rates are the foreign currency exchange rates that determine the value of one currency to another. Let us learn the currency conversion between the Bahraini Dinar to the Indian Rupee. To understand the currency conversion we must first know the current currency exchange rate. So, today’s BHD to INR currency exchange rate is 1 BHD = 216.95 INR which means that 1 Bahraini dinar is equivalent to 216.95 Indian Rupee. As BHD is an expensive currency earning in the Bahraini Dinar is profitable.
Above we have seen the conversion of the Bahraini Dinar to the Indian Rupee. Let us learn the inverse conversion of these two currencies i.e., let us convert Indian Rupee to Bahraini Dinar. For the currency conversion of INR to BHD we need to know the current foreign currency exchange rates of these two currencies. So, today’s current currency exchange rate is 1 INR = 0.0046 BHD. This conversion rate suggests that the Indian Rupee is weaker than the Bahraini Dinar.
The Bahraini Dinar and the Indian Rupee are a few of the widely traded currencies in the foreign exchange market. Their exchange rates are important factors to determine the value of these currencies to other currencies. The foreign currency exchange rates are preliminarily determined by the central banks of both countries. The Reserve Bank of India determines the currency exchange rate of the Indian Rupee while the Central Bank of Bahrain determines the Bahraini Dinar rate.
The Bahraini Dinar is one of the wealthiest currencies in the world. It is a stronger currency as compared to the Indian Rupee. The Bahraini Dinar has been traded high we can understand the statistics of the Indian Rupee to Bahraini Dinar in the following table.
|
Particulars |
Performance in the last 30 days |
Performance in the last 90 days |
|
High |
0.0046044 BHD |
0.0046044 BHD |
|
Low |
0.0045666 BHD |
0.0045339 BHD |
|
Average |
0.0045889 BHD |
0.0045717 BHD |
|
Volatility |
0.16 per cent |
0.20 per cent |
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