Convert Bermudan Dollar to British Pound Sterling
Please provide values below to convert Bermudan Dollar [BMD] to British Pound Sterling [GBP], or Convert British Pound Sterling to Bermudan Dollar.
How to Convert Bermudan Dollar to British Pound Sterling
1 BMD = 1.35098621994056 GBP
Example: convert 15 BMD to GBP:
15 BMD = 15 × 1.35098621994056 GBP = 20.2647932991084 GBP
Bermudan Dollar to British Pound Sterling Conversion Table
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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.
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.