Australian Dollar to Bermudian Dollar Exchange Rate
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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
| Currency: | Australian Dollar |
| Currency Symbol: | $ |
| Sub unit: | cents |
| Bank notes: | $5, $10, $20, $50, $100 |
| Coins: | 5c, 10c, 20c, 50c, $1, $2 |
Bermudian 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
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.
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
| Sep 09 | Sep 10 | Sep 11 | Sep 12 | Sep 13 | Sep 14 | Sep 15 | Sep 16 | Sep 17 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.6864 Inverse: 1.4569 | 0.6858 Inverse: 1.4582 | 0.6876 Inverse: 1.4544 | 0.6863 Inverse: 1.4571 | 0.6877 Inverse: 1.4541 | 0.6877 Inverse: 1.4541 | 0.6878 Inverse: 1.4539 | 0.6862 Inverse: 1.4574 | 0.6866 Inverse: 1.4565 | 0.6823 Inverse: 1.4656 |
Australian Dollar to the Bermudian Dollar for the last 10 months
| Nov 2018 | Dec 2018 | Jan 2019 | Feb 2019 | Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.7295 Inverse: 1.3708 | 0.7113 Inverse: 1.4059 | 0.7168 Inverse: 1.3951 | 0.7144 Inverse: 1.3998 | 0.7088 Inverse: 1.4108 | 0.7147 Inverse: 1.3991 | 0.6862 Inverse: 1.4573 | 0.6852 Inverse: 1.4595 | 0.7008 Inverse: 1.4269 | 0.6780 Inverse: 1.4749 |
Australian Dollar to the Bermudian Dollar for the last 10 years
| Sep 2009 | Sep 2010 | Sep 2011 | Sep 2012 | Sep 2013 | Sep 2014 | Sep 2015 | Sep 2016 | Sep 2017 | Sep 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.8680 Inverse: 1.1521 | 0.9383 Inverse: 1.0658 | 1.0351 Inverse: 0.9661 | 1.0488 Inverse: 0.9535 | 0.9351 Inverse: 1.0694 | 0.8948 Inverse: 1.1176 | 0.7173 Inverse: 1.3941 | 0.7492 Inverse: 1.3348 | 0.8003 Inverse: 1.2495 | 0.7143 Inverse: 1.4000 |
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 |
