Converting from Bahamian Dollar (BSD) to Turkmenistan Manat (TMT) | Currency

What is Bahamian Dollar (BSD)

The Bahamian Dollar (BSD) is the official currency of the Bahamas, a beautiful archipelago located in the Caribbean. It has been in use since 1966 and is abbreviated as "BSD" to distinguish it from other dollar-based currencies. The Bahamian Dollar is pegged to the United States Dollar (USD) at a 1:1 ratio, making it easier for tourists and residents alike to conduct transactions.

One of the key features of the BSD is its stability, which is largely due to its fixed exchange rate with the USD. The Bahamian economy is highly dependent on tourism, and the stable currency helps build trust among visitors and businesses. The Bahamian Dollar is widely accepted for various transactions throughout the Bahamas, and it comes in both coins and banknotes.

Banknotes of the Bahamian Dollar come in denominations of ＄1, ＄5, ＄10, ＄20, ＄50, and ＄100, while coins are available in 1 cent, 5 cents, 10 cents, 15 cents, 25 cents, and ＄1. The design of the currency reflects the rich culture and history of the Bahamas, featuring images of notable national figures and landmarks.

What is Turkmenistan Manat (TMT)

The Turkmenistan Manat (TMT) is the official currency of Turkmenistan, a country in Central Asia bordered by the Caspian Sea. Introduced in 1993, the manat underwent a significant change in 2009 when its value was redenominated at a rate of 1 manat to 5,000 old manats. The currency is abbreviated as "TMT" and has gained a certain level of stability over recent years, largely due to the country's vast natural gas reserves.

The TMT is subdivided into smaller units called "tenge," although these are rarely used in daily transactions due to the greater value of the manat itself. The Turkmen economy is heavily reliant on hydrocarbon exports, and as a result, any fluctuations in global energy prices can have a significant impact on the value of the manat.

Banknotes of the Turkmenistan Manat come in denominations of 1, 5, 10, 20, 50, 100, 200, and 500 manats, featuring images of national symbols and important figures from Turkmen history. Coins are available in denominations of 1, 2, 5, 10, 20, and 50 tenge, and although they are part of the currency system, they are less frequently seen in everyday transactions.

Currency Conversion

When converting between the Bahamian Dollar (BSD) and Turkmenistan Manat (TMT), it is important to check the latest exchange rates, as they can fluctuate due to market conditions. The exchange rate can be expressed with the formula:

Amount in TMT = Amount in BSD × Exchange Rate (BSD to TMT)

By understanding these two currencies, you can navigate foreign exchanges more effectively when traveling or conducting business between the Bahamas and Turkmenistan.