Bermudian Dollar

Bermudian Dollar

The Bermudian dollar (symbol: $; code: BMD; also abbreviated BD$; informally called the Bermuda dollar) is the official currency of the British Overseas Territory of Bermuda. It is subdivided into 100 cents. The Bermudian dollar is not normally traded outside Bermuda, and is pegged to the United States dollar at a one-to-one ratio. Both currencies circulate in Bermuda on an equal basis.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

1 Bermudian Dollar to British Pound exchange rates chart

1 BMD to GBP exchange rates graph
1 BMD to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

1 BMD to GBP exchange rates table

Exchange BMD to GBP
1 Bermudian Dollar = 0.769 British Pound
2 Bermudian Dollar = 1.538 British Pound
5 Bermudian Dollar = 3.846 British Pound
10 Bermudian Dollar = 7.692 British Pound
Exchange Bermudian Dollar to British Pound
1 Bermudian Dollar to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

1 BMD to GBP exchange rates news

Full-day summit to close Innovation Sprint | :Bermuda Business

Leading names in the world of fintech and blockchain are lined up for the finale of the Bermuda Innovation Sprint.Two weeks of events and activities

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A period of global disruption | :Bermuda Opinion

Large and small countries the world over are experiencing the disruption of many norms — how we treat one another, how we communicate, our own

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Swan repeats call to ditch Bermuda dollar | :Bermuda News

Bermuda must look at ditching its own dollar in favour of United States currency, Bermuda’s elder statesman has said.Sir John Swan floated the idea

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NZ dollar rallies against British pound on Brexit turmoil - sharechat.co.nz

The New Zealand dollar climbed against the British pound amid intensifying political turmoil in the UK over the government's Brexit plans. The kiwi also strengthened against the US currency

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Here's what's next for British PM Theresa May

CNBC's Wilfred Frost reports on the British pound sinking and what could be next for British Prime Minister Theresa May following the resignation of two of her cabinet members.

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The pound is surging higher—for now—as the UK and EU finally reach a breakthrough Brexit deal

The rollercoaster ride that is the British pound has picked up the pace. The pound soared by more than 1% this afternoon on reports that UK and EU negotiators had agreed to a draft text of a Brexit agreement. Ever since the Brexit referendum in 2016, the possibility of Britain crashing out of the bloc

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Here’s how much Brexit turmoil might whack the British pound, analysts predict
Here’s how much Brexit turmoil might whack the British pound, analysts predict

Amid a new flurry of resignations on Thursday, Prime Minister Theresa May and her Brexit plans are vulnerable, throwing the British pound into a spiral lower as uncertainty looms.

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1 BMD to GBP currency converter