Convert Bermudan Dollar to Bahamian Dollar
Please provide values below to convert Bermudan Dollar [BMD] to Bahamian Dollar [BSD], or Convert Bahamian Dollar to Bermudan Dollar.
How to Convert Bermudan Dollar to Bahamian Dollar
1 BMD = 1 BSD
Example: convert 15 BMD to BSD:
15 BMD = 15 × 1 BSD = 15 BSD
Bermudan Dollar to Bahamian Dollar Conversion Table
| Bermudan Dollar | Bahamian Dollar |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
Bahamian Dollar
The Bahamian Dollar (BSD) is the official currency of The Bahamas, subdivided into 100 cents, used for all monetary transactions within the country.
History/Origin
Introduced in 1966, replacing the Bahamian pound, the Bahamian Dollar was initially pegged to the US dollar at par and has maintained a stable exchange rate since its inception.
Current Use
The Bahamian Dollar is widely used across The Bahamas for everyday transactions, banking, and trade, and is also accepted in some neighboring regions and for tourism-related activities.