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Australian Dollar to Bermudian Dollar Exchange Rate

Live Rate

= $ 0.6986

Refreshing in: 60s | Thu, Jul 09, 05:45AM 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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 1 Within an hour AUD 2.99 0.678 BMD
676
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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.


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 29 Jun 30 Jul 01 Jul 02 Jul 03 Jul 04 Jul 05 Jul 06 Jul 07 Jul 08
1 AUD = 0.6872 Inverse: 1.4552 0.6901 Inverse: 1.4491 0.6911 Inverse: 1.4469 0.6919 Inverse: 1.4453 0.6945 Inverse: 1.4399 0.6945 Inverse: 1.4399 0.6947 Inverse: 1.4395 0.6976 Inverse: 1.4335 0.6942 Inverse: 1.4405 0.6986 Inverse: 1.4315

Australian Dollar to the Bermudian Dollar for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 AUD = 0.6864 Inverse: 1.4569 0.6719 Inverse: 1.4883 0.6862 Inverse: 1.4573 0.6836 Inverse: 1.4629 0.6860 Inverse: 1.4578 0.6731 Inverse: 1.4856 0.6647 Inverse: 1.5045 0.6117 Inverse: 1.6347 0.6391 Inverse: 1.5647 0.6968 Inverse: 1.4351

Australian Dollar to the Bermudian Dollar for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 AUD = 0.8753 Inverse: 1.1424 1.0761 Inverse: 0.9293 1.0182 Inverse: 0.9821 0.9165 Inverse: 1.0911 0.9413 Inverse: 1.0624 0.7456 Inverse: 1.3411 0.7572 Inverse: 1.3207 0.7604 Inverse: 1.3151 0.7436 Inverse: 1.3448 0.6972 Inverse: 1.4344

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

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