Convert Bosnia-Herzegovina Convertible Mark to Norwegian Krone
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Norwegian Krone [NOK], or Convert Norwegian Krone to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Norwegian Krone
1 BAM = 0.164866789295674 NOK
Example: convert 15 BAM to NOK:
15 BAM = 15 × 0.164866789295674 NOK = 2.47300183943512 NOK
Bosnia-Herzegovina Convertible Mark to Norwegian Krone Conversion Table
| Bosnia-Herzegovina Convertible Mark | Norwegian Krone |
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.