Convert Norwegian Krone to Bermudan Dollar
Please provide values below to convert Norwegian Krone [NOK] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Norwegian Krone.
How to Convert Norwegian Krone to Bermudan Dollar
1 NOK = 10.1118 BMD
Example: convert 15 NOK to BMD:
15 NOK = 15 × 10.1118 BMD = 151.677 BMD
Norwegian Krone to Bermudan Dollar Conversion Table
| Norwegian Krone | Bermudan Dollar |
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Norwegian Krone
The Norwegian Krone (NOK) is the official currency of Norway, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Norwegian Krone was introduced in 1875, replacing the Norwegian Speciedaler, and has undergone various reforms, including decimalization in 1875 and decimal standardization in 1963. It has been Norway's official currency since then.
Current Use
The NOK is actively used in Norway for all financial transactions, including banking, commerce, and international trade. It is also traded on the foreign exchange market and is considered a stable currency within the region.
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.