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).

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.

1 US Dollar to Bermudian Dollar exchange rates chart

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

Exchange USD to BMD
1 US Dollar = 1.000 Bermudian Dollar
2 US Dollar = 2.000 Bermudian Dollar
5 US Dollar = 5.000 Bermudian Dollar
10 US Dollar = 10.000 Bermudian Dollar
Exchange US Dollar to Bermudian Dollar
1 US Dollar to Bermudian 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 USD/BMD rate at Currency Exchange International in New York City

1 USD to BMD exchange rates at Currency Exchange International in New York City
1 US Dollar = 1.027 Bermudian Dollar
Currency Exchange International
Currency Exchange International

Currency Exchange International, Corp. is a full service foreign exchange technology and service provider. A publicly traded company on the Toronto Stock Exchange (CXI) and OTC (CURN), CXI is headquartered in Orlando, Florida. CXI provides a wide range of foreign exchange services to clients in the United States and through its subsidiary, Exchange Bank of Canada, in Canada. CXI primarily services clients through its company-owned branch locations and foreign exchange relationships with...

Best USD/BMD rate at Interchange in Miami

1 USD to BMD exchange rates at Interchange in Miami
1 US Dollar = 0.986 Bermudian Dollar
Interchange
Interchange

Since 1990 we’ve been serving 3,300,000 customers annually, handling over 550 million across 15 countries, including 9 major airports, 140 branches, numerous ATMs & 1,200 Western Union agencies We change money, we transfer money, and we dispense money. We have been doing that for 25 years. We operate the foreign exchange and ATM services in the 3 leading airports of Central and Easter Europe – Vienna, Prague and Budapest, with 3 more airports in Poland, Slovakia’s Bratislava airport, France’s...

Best USD/BMD rate at LA Currency in Los Angeles

1 USD to BMD exchange rates at LA Currency in Los Angeles
1 US Dollar = 0.971 Bermudian 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 USD to BMD exchange rates news

There's something behind this market sell-off that no one is talking about: The strong dollar

Stocks investors are spooked about a lot of things, and the strong dollar biting into earnings growth is now one of them.

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The Dollar Keeps Getting Stronger. Here’s What That Means for You.

On Monday, the US dollar reached its highest level in a year and a half, as measured against a weighted basket of foreign currencies. You can now buy a Euro for just $1.12, and a British Pound for $1.29. What does that mean for Americans?

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Rupee drops 39 paise against US dollar as crude oil rebounds - Times of India

India Business News: Cutting short the 10-day selling trend, crude oil prices rose by around 1% to touch $71 per barrel mark after the world's largest oil exporter Saudi A

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Rupee recovers 22 paise to 72.67 against US dollar

Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment.

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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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1 USD to BMD currency converter