Convert Malaysian Ringgit to Bermudan Dollar
Please provide values below to convert Malaysian Ringgit [MYR] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Bermudan Dollar
1 MYR = 4.2314 BMD
Example: convert 15 MYR to BMD:
15 MYR = 15 × 4.2314 BMD = 63.471 BMD
Malaysian Ringgit to Bermudan Dollar Conversion Table
| Malaysian Ringgit | Bermudan Dollar |
|---|
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
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.