Convert Bermudan Dollar to Canadian Dollar
Please provide values below to convert Bermudan Dollar [BMD] to Canadian Dollar [CAD], or Convert Canadian Dollar to Bermudan Dollar.
How to Convert Bermudan Dollar to Canadian Dollar
1 BMD = 0.73394495412844 CAD
Example: convert 15 BMD to CAD:
15 BMD = 15 × 0.73394495412844 CAD = 11.0091743119266 CAD
Bermudan Dollar to Canadian Dollar Conversion Table
| Bermudan Dollar | Canadian 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.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.