Convert Argentine Peso to Bermudan Dollar
Please provide values below to convert Argentine Peso [ARS] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Argentine Peso.
How to Convert Argentine Peso to Bermudan Dollar
1 ARS = 1266.17 BMD
Example: convert 15 ARS to BMD:
15 ARS = 15 × 1266.17 BMD = 18992.55 BMD
Argentine Peso to Bermudan Dollar Conversion Table
| Argentine Peso | Bermudan Dollar |
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Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.