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Australian dollar to Bermudian dollar exchange rate

Find the best AUD/BMD exchange rate for 27 Oct 2020.

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Live Rate

= $ 0.7124

Refreshing in: 60s | Tue, Oct 27, 01:59AM GMT

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Historical Rate chart of AUD and BMD

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Updated: 27 Oct 2020 01:59:14 UTC

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. Keep in mind that we don't compare every product in the market, but we hope that our tools and information will allow you to compare your options and find the best service for your needs.

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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
MoneyGram International Money Transfers
AUD 1 Within an hour AUD 2.99 0.691 BMD
689
 MoneyGram sends to bank accounts, mobile wallets and cash pick-up locations around the world. Go to site Show details

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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.

Best ways to send money to 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

Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26
1 AUD = 0.7081 Inverse: 1.4122 0.7093 Inverse: 1.4098 0.7054 Inverse: 1.4176 0.7050 Inverse: 1.4184 0.7103 Inverse: 1.4079 0.7127 Inverse: 1.4031 0.7139 Inverse: 1.4008 0.7139 Inverse: 1.4008 0.7132 Inverse: 1.4022 0.7116 Inverse: 1.4053

Australian Dollar to the Bermudian Dollar for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 AUD = 0.6983 Inverse: 1.4321 0.6762 Inverse: 1.4789 0.6547 Inverse: 1.5274 0.6165 Inverse: 1.6220 0.6397 Inverse: 1.5631 0.6645 Inverse: 1.5048 0.6888 Inverse: 1.4519 0.7105 Inverse: 1.4075 0.7169 Inverse: 1.3948 0.7065 Inverse: 1.4155

Australian Dollar to the Bermudian Dollar for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 AUD = 0.9785 Inverse: 1.0219 1.0696 Inverse: 0.9349 1.0370 Inverse: 0.9643 0.9586 Inverse: 1.0432 0.8798 Inverse: 1.1366 0.7201 Inverse: 1.3886 0.7645 Inverse: 1.3080 0.7662 Inverse: 1.3052 0.7090 Inverse: 1.4104 0.6822 Inverse: 1.4658

Market rate for common transfer amounts AUD to BMD

Australian Dollars (AUD) Bermudian Dollar (BMD)
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Exchange rates from AUD to other currencies

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