The USD/BSD exchange rate fell by 0.0050 or 0.49% to 1.0001 on Thursday, Stember 26, down from 1.0051 in the previous trading session. This movement marks a continued trend in the foreign exchange market.
Historically, the USD/BSD reached an all-time high of 1.01 in June 2024, reflecting significant fluctuations over time. Analysts predict that the Bahamian Dollar will stabilize at 1.00 by the end of this quarter, based on assessments from global macro models.
Looking ahead, our estimates suggest that the USD/BSD will consistently trade at 1.00 over the next twelve months, aligning with market expectations and economic forecasts.