Convert Saudi Riyal to Bermudan Dollar
Please provide values below to convert Saudi Riyal [SAR] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Saudi Riyal.
How to Convert Saudi Riyal to Bermudan Dollar
1 SAR = 3.75 BMD
Example: convert 15 SAR to BMD:
15 SAR = 15 × 3.75 BMD = 56.25 BMD
Saudi Riyal to Bermudan Dollar Conversion Table
| Saudi Riyal | Bermudan Dollar |
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Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.
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.