Convert Bermudan Dollar to New Zealand Dollar
Please provide values below to convert Bermudan Dollar [BMD] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Bermudan Dollar.
How to Convert Bermudan Dollar to New Zealand Dollar
1 BMD = 0.599161174355902 NZD
Example: convert 15 BMD to NZD:
15 BMD = 15 × 0.599161174355902 NZD = 8.98741761533853 NZD
Bermudan Dollar to New Zealand Dollar Conversion Table
| Bermudan Dollar | New Zealand Dollar |
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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.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.