To know how currency exchange works, think of any retail shop that offers a product to you as an individual. The provider purchases products from a supplier named wholesaler at a purchase price, to which it adds a profit margin.
The gap between the consumer price at which the consumer buys in that store (eg your dollars from Bahamas) and what it cost the store to get those dollars from Bahamas is the benefit it obtains in that currency exchange.
Nevertheless there is a distinction in foreign exchange with other businesses. In principle, foreign currency notes (dollars from Bahamas in this case) pass on from consumer to consumer, that is, they are not consumed.
Consequently, it may be the case that a bank or currency supplier buys dollars from Bahamas from a traveler who enters Spain (obtaining a profit) and those same dollars from Bahamas become yours when you buy that currency (new profit margin).
The location you are never advised in making a Bahamian dollar to euro currency exchange is at the airport. As with the bottle of water at the price of gold, the airport manager and the airport currency provider, share the benefits of your exchange at the airport. As a rule, the more players that intervene in the travel money game the more expensive the prices to apply to consumers.
Literally all Spanish banks impose on you a three per cent fee, with a minimum (whichever is higher) amount of 6 to 10 euros.
Most of the time, if you change dollars BSD to euros at your bank office, they will already know their clients and you will only have to identify yourself as a customer of that entity.
If you change dollars BSD to euros at a foreign currency supplier´s office, at the airport or on the street, you will need to show an updated and valid identity card (passport or resident´s identity card called DNI or NIE in Spain). Take into account that the driver's ID will not be accepted as a valid document when changing dollars BSD to Euros.
To obtain the best BSD-EUR exchange rate, we advise you do a search on Cambiator.
You will see that a column appears in the result page that claims BSD-EUR exchange today.
Next examine the amount below for every currency provider. With reference to banks, we display an median price, however acknowledge that almost all of them in Spain apply, in addition to the rate, a commission of 2.5 to 3per cent on average, with a minimum of between six to ten euros.
The exchange rate you see is known as the Bahamian dollar to euro direct exchange rate, and the higher that number is, the more Euros you will obtain for each Bahamian dollar you hand in. Cambiator compares the exchange prices every day so that you obtain the best foreign exchange every time when you sell dollars from Bahamas to euros.
All travel money providers in Spain are dedicated to the purchase and sale of currency. If you have Bahamian dollars left over after your trip, you only need to go to Cambiator.es and select our Sell your currency tab in the top menu.
After select your town of residence and Cambiator will display the total Euros the different travel money providers will offer that day in your city for your remaining Bahamian dollars.
Keep in mind that they will only obtain you Bahamian dollars banknotes but not loose change.
No doubt. We have been analyzing the the foreign currency players in Spain for more than 5 years and concluded that, depending on the currency you need to change, some currencies are easy to accept in exchange for euros and other less frequent ones are not.
Normally the BSD-EUR price is more interesting when you order them online to do a click and collect than if you go directly to the currency provider office.
Traditionally, when we need to change dollars to euros in Spain we only think of banks. But we tend to forget that practically virtually all banks in Spain impose on you a a margin on the dollars that you change with them, besides, a fixed fee of 3% (with a minimum of six to ten euros).
This makes the currency exchange less interesting and in most cases it is much more advisable to exchange travel money at a high street foreign currency supplier. These companies offer the possibility of changing your dollars to euros via collect in store.
In regard to the airport, it is always the least interesting option as it is much more expensive than the foreign currency providers located out of the airport.
Indeed. You can order your Bahamian dollars for euros in the online store of a travel money provider that has a website.
Additionally, they will propose you the possibility of booking online and picking your euros at one of their branches.
Bear in mind that prices vary each day so it will be optimal to order online the same day you will go to the agency to change Bahamian dollars for euros.
Holiday money providers in Spain usually cap the maximum quantity of foreign currency to be changed from Bahamian dollar to euro to the equivalent in euros to 3,000 to 6,000 euros per calendar quarter.
This is mandatory by the money laundering prevention regulations. If you want to exchange a larger amount of dollars from Bahamas to Euros, we advise you to speak directly with the foreign currency provider.
They might ask from you additional documentation and proof of the source of your dollars from Bahamas (identity document, passport, certificate of professional activity, income statements, etc.).
Best rate of the day (change currency to euros)