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
| Feb 10 | Feb 11 | Feb 12 | Feb 13 | Feb 14 | Feb 15 | Feb 16 | Feb 17 | Feb 18 | Feb 19 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.6689 Inverse: 1.4949 | 0.6718 Inverse: 1.4885 | 0.6714 Inverse: 1.4895 | 0.6719 Inverse: 1.4884 | 0.6713 Inverse: 1.4896 | 0.6713 Inverse: 1.4896 | 0.6726 Inverse: 1.4869 | 0.6709 Inverse: 1.4904 | 0.6694 Inverse: 1.4939 | 0.6681 Inverse: 1.4968 |
Australian Dollar to the Bermudian Dollar for the last 10 months
| Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | Oct 2019 | Nov 2019 | Dec 2019 | Jan 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.7133 Inverse: 1.4019 | 0.6878 Inverse: 1.4539 | 0.6932 Inverse: 1.4426 | 0.7043 Inverse: 1.4198 | 0.6774 Inverse: 1.4763 | 0.6791 Inverse: 1.4724 | 0.6855 Inverse: 1.4589 | 0.6805 Inverse: 1.4696 | 0.6855 Inverse: 1.4588 | 0.6874 Inverse: 1.4548 |
Australian Dollar to the Bermudian Dollar for the last 10 years
| Feb 2010 | Feb 2011 | Feb 2012 | Feb 2013 | Feb 2014 | Feb 2015 | Feb 2016 | Feb 2017 | Feb 2018 | Feb 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 AUD = | 0.8949 Inverse: 1.1175 | 1.0123 Inverse: 0.9879 | 1.0736 Inverse: 0.9315 | 1.0319 Inverse: 0.9691 | 0.9022 Inverse: 1.1084 | 0.7814 Inverse: 1.2798 | 0.7155 Inverse: 1.3977 | 0.7668 Inverse: 1.3041 | 0.7906 Inverse: 1.2649 | 0.7144 Inverse: 1.3998 |
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 |
