Convert Bermudan Dollar to Philippine Peso
Please provide values below to convert Bermudan Dollar [BMD] to Philippine Peso [PHP], or Convert Philippine Peso to Bermudan Dollar.
How to Convert Bermudan Dollar to Philippine Peso
1 BMD = 0.0175616369553039 PHP
Example: convert 15 BMD to PHP:
15 BMD = 15 × 0.0175616369553039 PHP = 0.263424554329558 PHP
Bermudan Dollar to Philippine Peso Conversion Table
| Bermudan Dollar | Philippine Peso |
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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.
Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.