Convert New Zealand Dollar to Bermudan Dollar
Please provide values below to convert New Zealand Dollar [NZD] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to New Zealand Dollar.
How to Convert New Zealand Dollar to Bermudan Dollar
1 NZD = 1.669 BMD
Example: convert 15 NZD to BMD:
15 NZD = 15 × 1.669 BMD = 25.035 BMD
New Zealand Dollar to Bermudan Dollar Conversion Table
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New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.
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.