The Bahamian dollar is on par with the US dollar, although they are the same in value they look very different. There is no exchange rate when buying products from the local market or when shopping. However, if you have the need to wire money out of the Bahamas or have someone wire money to you on your trip, the bank usually buys US dollars at .9950 and sells them at 1.0125.

LOCAL BANKS IN GRAND BAHAMA

Scotia Bank (Bahamas) Ltd.

First Caribbean Bank (Formerly Canadian Imperial Bank of Commerce and Barclays Bank)

Royal Bank of Canada

British American Bank (Western Union located here)

Finco (a division of Royal Bank of Canada)

Commonwealth Bank

The Bank of the Bahamas (Money gram located here)