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.

US Dollar

US Dollar

The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its territories per the United States Constitution since 1792. For most practical purposes, it is divided into 100 smaller cent (¢) units, but is occasionally divided into 1000 mills (₥) for accounting purposes. The circulating paper money consists of Federal Reserve Notes that are denominated in United States dollars (12 U.S.C. § 418). Since the suspension in 1971 of convertibility of paper U.S. currency into any precious metal, the U.S. dollar is, de facto, fiat money. As it is the most used in international transactions, the U.S. dollar is the world's primary reserve currency. Several countries use it as their official currency, and in many others it is the de facto currency. Besides the United States, it is also used as the sole currency in two British Overseas Territories in the Caribbean: the British Virgin Islands and Turks and Caicos Islands. A few countries use the Federal Reserve Notes for paper money, while still minting their own coins, or also accept U.S. dollar coins (such as the Sacagawea or presidential dollar). As of June 27, 2018, there are approximately $1.67 trillion in circulation, of which $1.62 trillion is in Federal Reserve notes (the remaining $50 billion is in the form of coins).

1 Bermudian Dollar to US Dollar exchange rates chart

1 BMD to USD exchange rates graph
1 BMD to USD 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 USD exchange rates table

Exchange BMD to USD
1 Bermudian Dollar = 1.000 US Dollar
2 Bermudian Dollar = 2.000 US Dollar
5 Bermudian Dollar = 5.000 US Dollar
10 Bermudian Dollar = 10.000 US Dollar
Exchange Bermudian Dollar to US Dollar
1 Bermudian Dollar to US Dollar 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.

Best BMD/USD rate at LA Currency in Los Angeles

1 BMD to USD exchange rates at LA Currency in Los Angeles
1 Bermudian Dollar = 0.795 US Dollar
LA Currency
LA Currency

Frequently Asked Questions No, we do not have any fees and our adjusted, real-time exchange rates can be found on our website. You can always find out how much you will get for your currency or how much you will need to buy currency. Make sure to refresh the browser to get updated rates. Yes, we have free parking at both our locations that are in a shopping plaza with a convenient parking lot and a security personnel. Cash to cash is our preferred payment method. However, only debit cards...

1 BMD to USD exchange rates news

eBay lands Shutl in multimillion dollar deal | :Bermuda Business

A Bermudian tycoon based in London has sealed a multimillion dollar deal to sell his online delivery firm to eCommerce giants eBay.Tom Allason, who

15 days indicative positive
Billionaire Lee-Chin bullish on Bermuda | :Bermuda International Business

Billionaire investor Michael Lee-Chin sees a bright future for Bermuda — a view he has backed with hard cash in the form of his purchase of a

about 2 months conditional neutral
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

2 months conditional positive
Jamaican dollar dips more than $1 against US in a day

The Jamaican dollar depreciated by $1.08 against the US dollar on Thursday, according to the trading summary from the Bank of Jamaica (BOJ). It closed at $130.65 again

5 days indicative negative
U.S. dollar closes higher on Taipei forex market | Economics | FOCUS TAIWAN - CNA ENGLISH NEWS

Taipei, Jan. 11 (CNA) The U.S. dollar rose against the Taiwan dollar Friday, gaining NT$0.020 to close at NT$30.802.

5 days indicative positive
Dollar Slides As US Consumer Inflation Falls

CANBERA (Alliance News) - The US dollar was lower against its most major counterparts in the ...

5 days conditional positive

1 BMD to USD currency converter