Convert Maldivian Rufiyaa to Bermudan Dollar
Please provide values below to convert Maldivian Rufiyaa [MVR] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Maldivian Rufiyaa.
How to Convert Maldivian Rufiyaa to Bermudan Dollar
1 MVR = 15.4382 BMD
Example: convert 15 MVR to BMD:
15 MVR = 15 × 15.4382 BMD = 231.573 BMD
Maldivian Rufiyaa to Bermudan Dollar Conversion Table
| Maldivian Rufiyaa | Bermudan Dollar |
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Maldivian Rufiyaa
The Maldivian Rufiyaa (MVR) is the official currency of the Maldives, used for all monetary transactions within the country.
History/Origin
Introduced in 1981, the Maldivian Rufiyaa replaced the Maldivian Rupee at par, and has since been the nation's standard currency, with various banknotes and coins issued over the years.
Current Use
The MVR is widely used across the Maldives for daily transactions, tourism, and trade, and is managed by the Maldives Monetary Authority.
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.