Convert Swiss Franc to Bermudan Dollar
Please provide values below to convert Swiss Franc [CHF] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Swiss Franc.
How to Convert Swiss Franc to Bermudan Dollar
1 CHF = 0.7949 BMD
Example: convert 15 CHF to BMD:
15 CHF = 15 × 0.7949 BMD = 11.9235 BMD
Swiss Franc to Bermudan Dollar Conversion Table
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Swiss Franc
The Swiss Franc (CHF) is the official currency of Switzerland and Liechtenstein, used as a standard monetary unit for transactions and financial purposes.
History/Origin
The Swiss Franc was introduced in 1850, replacing various local currencies, and has since become a stable and widely recognized currency, with its value historically linked to gold until the abandonment of the gold standard in the 20th century.
Current Use
Today, the Swiss Franc is used primarily in Switzerland and Liechtenstein for everyday transactions, banking, and international trade, and is considered a major reserve currency globally.
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.