Australian Dollar to Bermudian Dollar Exchange Rate

Live Rate

= $ 0.7120

Refreshing in: 60s | Sat, 20 Oct 11:57am GMT

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How can I get the best exchange rate between US dollar and the Bermudian dollar?

Bermuda has its own currency called the Bermudian dollar, which is pegged to the US dollar at a 1-to-1 exchange rate.

If you are looking to transfer money to someone in Bermuda, you should consider your options carefully. You can choose to make an international bank transfer, but you’ll likely be paying more because of the high transaction fees and the bad exchange rate that banks often charge. International bank transfer is typically a slow way to transfer money to Bermuda.

The fastest and cheapest way is usually online money transfer services. They offer better exchange rates, lower fixed fees, and faster transfers than traditional banks. There are many online money transfer services available and you can find a review of most of them here on finder.com

Because of the 1-to-1 peg with the US dollar, dollars are also widely accepted as payment in Bermuda. The two currencies circulate side by side in the country, which means it may not be necessary to exchange money at all if you are going to Bermuda.

Australian Dollar

The Australian dollar is the fifth most traded currency in the world. When it was first created, suggestions for its name included the koala, the royal and the austral. Even so, it's commonly referred to as the "Aussie" in forex markets.
Currency:Australian Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$5, $10, $20, $50, $100
Coins:5c, 10c, 20c, 50c, $1, $2

Bermudian Dollar

The official currency of Bermuda, the Bermudian dollar is fixed to the US dollar. The currency was introduced in 1972, after 130 years of the sterling era. The country also widely accepts the US dollar.
Currency:Bermudian Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$2, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c, $1, $5

What affects exchange rates between the US dollar and the Bermudian dollar?

The exchange rate between the US dollar and the Bermudian dollar has remained at the current peg value since 1972.

There are no signs as of now that the current peg policy will change in the foreseeable future. The exchange rate between the US dollar and the Bermudian dollar will, therefore, remain stable regardless of what happens in the two countries both politically and economically.

If you are planning to make a big purchase or investment in Bermuda, you may want to look further into the direction of central bank policies in Bermuda. Follow what they say about the strength of the Bermudian dollar and any mentions about the peg with the US dollar.

If the US dollar were to enter into a sharp depreciation, the Bermudian central bank may decide to change their peg policy or simply revalue the peg. However, this is not a likely scenario for the near future.

There are no foreign exchange or capital controls in place in Bermuda, meaning you can exchange as much or as little as you want between Bermudian dollars and foreign currencies. US citizens are also generally allowed to open bank accounts in Bermuda.

Send money from AUD to BMD

Rates last updated October 20th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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How does the Bermudian dollar trade against the US dollar historically?

Before 1970, Bermuda used the British pound as their official currency. That year, Bermuda started issuing their own currency, although it was still linked to the British pound by a peg. Then, in 1972, Bermuda decided to switch their currency peg from the British pound over to the US dollar at a rate of 1-to-1.

The 1-to-1 exchange rate with the US dollar obviously made things easier for the large number of American tourists who visits Bermuda every year, as well as American companies doing business in Bermuda.

Australian Dollar to the Bermudian Dollar for the last 10 days

Oct 10 Oct 11 Oct 12 Oct 13 Oct 14 Oct 15 Oct 16 Oct 17 Oct 18 Oct 19
1 AUD = 0.7064 Inverse: 1.4157 0.7124 Inverse: 1.4036 0.7114 Inverse: 1.4057 0.7114 Inverse: 1.4057 0.7107 Inverse: 1.4071 0.7136 Inverse: 1.4014 0.7139 Inverse: 1.4008 0.7111 Inverse: 1.4063 0.7096 Inverse: 1.4092 0.7120 Inverse: 1.4045

Australian Dollar to the Bermudian Dollar for the last 10 months

Dec 2017 Jan 2018 Feb 2018 Mar 2018 Apr 2018 May 2018 Jun 2018 Jul 2018 Aug 2018 Sep 2018
1 AUD = 0.7671 Inverse: 1.3036 0.7994 Inverse: 1.2510 0.7911 Inverse: 1.2640 0.7689 Inverse: 1.3005 0.7720 Inverse: 1.2953 0.7512 Inverse: 1.3312 0.7404 Inverse: 1.3507 0.7399 Inverse: 1.3516 0.7316 Inverse: 1.3668 0.7143 Inverse: 1.4000

Australian Dollar to the Bermudian Dollar for the last 10 years

Oct 2008 Oct 2009 Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017
1 AUD = 0.6889 Inverse: 1.4516 0.9249 Inverse: 1.0812 0.9743 Inverse: 1.0264 1.0271 Inverse: 0.9737 1.0381 Inverse: 0.9633 0.9671 Inverse: 1.0340 0.8746 Inverse: 1.1434 0.7263 Inverse: 1.3768 0.7633 Inverse: 1.3102 0.7849 Inverse: 1.2740

Market rate for common transfer amounts AUD to BMD

Australian Dollars (AUD) Bermudian Dollar (BMD)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

Exchange rates from AUD to other currencies

International Money Transfer Offers

Important Information*
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate for a transaction. Conditions apply.
Send money overseas in 45 currencies. Once registered, you'll be assigned an Account Manager who can provide support and guidance.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. Transfer any amount from $250 upwards. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldFirst International Money Transfers

Great rates and $0 transfer fees for Finder customers. Access live rates, currency converter and market updates via the WorldFirst Money Transfer mobile app.

FC Exchange International Money Transfers

FC Exchange will match any competitor's exchange rates. Conditions apply. No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.

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