The Bahamian Dollar is the official currency of the Bahamas, a beautiful archipelago located in the Atlantic Ocean. The currency is denoted by the symbol B$ and is subdivided into 100 cents. While there are no official synonyms for the Bahamian Dollar, it is often referred to as the Bahamian currency or simply the dollar while in the Bahamas. As the currency is pegged to the US Dollar, it can also be referred to as the equivalent value in US currency, with the exchange rate being fixed at 1:1. The Bahamian Dollar is widely accepted throughout the country, making it easy for tourists to purchase goods and services during their stay.