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.
|Currency Symbol:||$, A$|
|Sub unit symbol:||c|
|Bank notes:||$5, $10, $20, $50, $100|
|Coins:||5c, 10c, 20c, 50c, $1, $2|
|Sub unit symbol:||c|
|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.
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
|Jun 13||Jun 14||Jun 15||Jun 16||Jun 17||Jun 18||Jun 19||Jun 20||Jun 21||Jun 22|
|1 AUD =||0.7569 Inverse: 1.3211||0.7466 Inverse: 1.3395||0.7446 Inverse: 1.3430||0.7446 Inverse: 1.3430||0.7440 Inverse: 1.3441||0.7404 Inverse: 1.3507||0.7390 Inverse: 1.3532||0.7372 Inverse: 1.3565||0.7376 Inverse: 1.3557||0.7442 Inverse: 1.3437|
Australian Dollar to the Bermudian Dollar for the last 10 months
|Aug 2017||Sep 2017||Oct 2017||Nov 2017||Dec 2017||Jan 2018||Feb 2018||Mar 2018||Apr 2018||May 2018|
|1 AUD =||0.7911 Inverse: 1.2641||0.7967 Inverse: 1.2552||0.7806 Inverse: 1.2811||0.7585 Inverse: 1.3184||0.7706 Inverse: 1.2977||0.7994 Inverse: 1.2510||0.7909 Inverse: 1.2644||0.7775 Inverse: 1.2862||0.7676 Inverse: 1.3028||0.7523 Inverse: 1.3293|
Australian Dollar to the Bermudian Dollar for the last 10 years
|Jun 2008||Jun 2009||Jun 2010||Jun 2011||Jun 2012||Jun 2013||Jun 2014||Jun 2015||Jun 2016||Jun 2017|
|1 AUD =||0.9540 Inverse: 1.0482||0.7914 Inverse: 1.2635||0.8754 Inverse: 1.1423||1.0597 Inverse: 0.9437||1.0109 Inverse: 0.9893||0.9223 Inverse: 1.0843||0.9388 Inverse: 1.0652||0.7767 Inverse: 1.2875||0.7457 Inverse: 1.3411||0.7576 Inverse: 1.3200|
Market rate for common transfer amounts AUD to BMD
|Australian Dollars (AUD)||Bermudian Dollar (BMD)|
Exchange rates from AUD to other currencies
- Bahamian Dollar (BSD)
- Bahraini Dinar (BHD)
- Bangladeshi Taka (BDT)
- Barbadian Dollar (BBD)
- Belarusian Ruble (BYN)
- Belize Dollar (BZD)
- Bermudian Dollar (BMD)
- Bhutanese Ngultrum (BTN)
- Bitcoin (BTC)
- Bitshares (BTS)
- Bolivian Boliviano (BOB)
- Botswana Pula (BWP)
- Brazilian Real (BRL)
- Brunei Dollar (BND)
- Bulgarian Lev (BGN)
- Burundian Franc (BIF)
- Macanese Pataca (MOP)
- Macedonian Denar (MKD)
- Malagasy Ariary (MGA)
- Malawian Kwacha (MWK)
- Malaysian Ringgit (MYR)
- Maldivian Rufiyaa (MVR)
- Mauritanian Ouguiya (MRO)
- Mauritius Rupee (MUR)
- Mexican Peso (MXN)
- Moldovan Leu (MDL)
- Monero (XMR)
- Mongolian Tugrik (MNT)
- Moroccan Dirham (MAD)
- Mozambican Metical (MZN)
- Salvadoran Colon (SVC)
- Samoan Tala (WST)
- São Tomé and Príncipe Dobra (STD)
- Saudi Riyal (SAR)
- Serbian Dinar (RSD)
- Sierra Leonean Leone (SLL)
- Singapore Dollar (SGD)
- Solomon Islands Dollar (SBD)
- Somali Shilling (SOS)
- South African Rand (ZAR)
- Sri Lankan Rupee (LKR)
- Surinamese Dollar (SRD)
- Swazi Lilangeni (SZL)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
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