BMD information
About the Bermudan Dollar(BMD)
The Bermudan Dollar, the official currency of Bermuda, is a unique symbol of the island's rich heritage and its dynamic role in the global economy. It is commonly abbreviated as BMD and represented by the symbol $. As a British Overseas Territory located in the North Atlantic Ocean, Bermuda's currency reflects its historical ties to the United Kingdom and its modern-day economic relationships.
Historical Background
Bermuda, known for its picturesque landscapes and vibrant culture, introduced the Bermudan Dollar (BMD) in 1970. This move was part of a broader decolonization trend and the desire for a distinct national identity. The Bermudan Dollar replaced the Bermudian pound at a rate of 1:1, symbolizing a shift towards closer economic ties with the United States.
Design and Symbolism
The design of Bermudan currency is a tapestry of the island's natural beauty, culture, and history. Banknotes and coins feature iconic imagery such as the Bermuda petrel, historic ships, and landmarks like St. Peter's Church. These designs serve not just as legal tender but as ambassadors of Bermuda's rich heritage and biodiversity.
Economic Role
The Bermudan Dollar is pegged to the US Dollar at a one-to-one ratio, a policy that underscores Bermuda's close economic relationship with the United States. This peg has been crucial in maintaining economic stability, particularly for a country that relies heavily on tourism and international business, primarily insurance and reinsurance.
The Tourism and International Business Connection
Tourism is a vital part of Bermuda's economy, with the Bermudan Dollar playing a central role. The currency's parity with the US Dollar simplifies transactions for the majority of tourists, who come from the United States. Additionally, Bermuda's status as an international business hub, particularly in insurance and reinsurance, has made the Bermudan Dollar an important player in global financial transactions.
The Bermudan Dollar in Global Finance
On the international stage, the Bermudan Dollar's parity with the US Dollar ensures its stability and reliability. This stability is crucial for Bermuda's international business sector, which deals with large-scale financial transactions. The country's regulatory environment, coupled with its currency stability, makes Bermuda an attractive destination for international business and finance.
BMX to BMD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.4085 | 0.0200% / 0.0320%VIP 7 | |
KuCoin | $0.4371 | 0.1000% / 0.1000% | Yes |
How to buy BitMart Token
Buy BMX (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
n ninos.finance 340 trades|Completion rate 100.00% | 0.999 USD | Amount50 USDT Limit10 - 25 USD | ||
O OTEDOLA 70 trades|Completion rate 100.00% | 0.999 USD | Amount150 USDT Limit10 - 149.85 USD | ||
P Ponreay_FX 160 trades|Completion rate 99.00% | 1.01 USD | Amount193.35 USDT Limit10 - 195.283 USD | ||
金 金边安欣币行 379 trades|Completion rate 100.00% | 1.01 USD | Amount1424.59 USDT Limit10 - 700 USD | ||
T TreblaIndustries- 32 trades|Completion rate 91.00% | 1.015 USD | Amount700 USDT Limit599.99 - 600 USD |
Sell BMX (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Suarman Trades 20 trades|Completion rate 95.00% | 1.2 USD | Amount40000 USDT Limit1200 - 46000 USD | ||
R Russiad_BC 24 trades|Completion rate 96.00% | 1.199 USD | Amount3685.83 USDT Limit10 - 4000 USD | ||
R Recharge 41 trades|Completion rate 98.00% | 1.123 USD | Amount1463 USDT Limit10 - 1007 USD | ||
c cR7_trader 2 trades|Completion rate 100.00% | 1.123 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
B BGUSER-VBXPGM6X 50 trades|Completion rate 93.00% | 1.122 USD | Amount99027.94 USDT Limit10 - 50000 USD |
What factors influence the conversion rate of BitMart Token to Bermudan Dollar?
BitMart Token to Bermudan Dollar is rising this week.Conversion tables
The exchange rate of BitMart Token is increasing.BMX to BMD
BMD to BMX
Today vs. 24 hours ago
Amount | 09:38 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 BMX | $0.2043 | $0.2049 | -0.31% |
1 BMX | $0.4085 | $0.4099 | -0.31% |
5 BMX | $2.04 | $2.05 | -0.31% |
10 BMX | $4.09 | $4.1 | -0.31% |
50 BMX | $20.43 | $20.49 | -0.31% |
100 BMX | $40.85 | $40.99 | -0.31% |
500 BMX | $204.26 | $204.93 | -0.31% |
1000 BMX | $408.52 | $409.86 | -0.31% |
Today vs. 1 month ago
Amount | 09:38 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 BMX | $0.2043 | $0.1722 | +17.47% |
1 BMX | $0.4085 | $0.3445 | +17.47% |
5 BMX | $2.04 | $1.72 | +17.47% |
10 BMX | $4.09 | $3.44 | +17.47% |
50 BMX | $20.43 | $17.22 | +17.47% |
100 BMX | $40.85 | $34.45 | +17.47% |
500 BMX | $204.26 | $172.24 | +17.47% |
1000 BMX | $408.52 | $344.48 | +17.47% |
Today vs. 1 year ago
Amount | 09:38 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 BMX | $0.2043 | $0.04543 | +281.08% |
1 BMX | $0.4085 | $0.09087 | +281.08% |
5 BMX | $2.04 | $0.4543 | +281.08% |
10 BMX | $4.09 | $0.9087 | +281.08% |
50 BMX | $20.43 | $4.54 | +281.08% |
100 BMX | $40.85 | $9.09 | +281.08% |
500 BMX | $204.26 | $45.43 | +281.08% |
1000 BMX | $408.52 | $90.87 | +281.08% |
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