Convert Qatari Rial to Bermudan Dollar
Please provide values below to convert Qatari Rial [QAR] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Qatari Rial.
How to Convert Qatari Rial to Bermudan Dollar
1 QAR = 3.64 BMD
Example: convert 15 QAR to BMD:
15 QAR = 15 × 3.64 BMD = 54.6 BMD
Qatari Rial to Bermudan Dollar Conversion Table
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Qatari Rial
The Qatari Rial (QAR) is the official currency of Qatar, used for all monetary transactions within the country.
History/Origin
The Qatari Rial was introduced in the 1960s, replacing the Indian Rupee, and has undergone various redenominations and stability measures to establish its value.
Current Use
The Qatari Rial is widely used in Qatar for everyday transactions, banking, and international trade, and is pegged to a basket of currencies with a fixed exchange rate to the US dollar.
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.