NIM
BMD
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Nimiq(NIM) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 NIM at a value of 1 NIM for 0.00 BMD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
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.
Bitget crypto-to-fiat exchange data shows that the most popular Nimiq currency pair is the NIM to BMD, with for Nimiq's currency code being NIM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.
NIM to BMD conversion rate trend
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In the past 1D, Nimiq has changed +49.93% to BMD. Based on the trend and price charts, Nimiq(NIM) has changed +49.93% to BMD while Bermudan Dollar(BMD) has changed % to NIM in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.002929 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | $0.002705 | 0.1000% / 0.1000% | Yes |
KuCoin | $0.002740 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/15 08:00:13(UTC+0)
How to buy Nimiq
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Nimiq (NIM)
Use a variety of payment options to buy Nimiq on Bitget. We'll show you how.
Buy NIM (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading does not currently support direct buying of NIM with BMD. However, you can buy USDT in Bitget P2P trading first, and then buy NIM with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell NIM (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading currently does not support direct selling of NIM to BMD. However, you can first exchange NIM for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of Nimiq to Bermudan Dollar?
Nimiq to Bermudan Dollar is rising this week.Nimiq's current market price is $ 0.003609 per NIM, with a total market cap of $ 45,297,105.06 BMD based on a circulating supply of 12,550,185,000 NIM. The trading volume of Nimiq has changed by +262.75% ($ 503,499.37 BMD) in the last 24 hours. Last trading day, NIM's trading volume was $ 191,629.04.
Market cap
$45.30M
24h volume
$695.13K
Circulating supply
12.55B NIM
Conversion tables
The exchange rate of Nimiq is increasing.1 NIM is currently valued at $ 0.003609 BMD , which means buying 5 NIM will cost $ 0.01805 BMD . Similarly, $1 BMD can be traded for 277.06 NIM, and $50 BMD can be converted to 13,853.19 NIM, excluding any platform or gas fees.
The exchange rate of 1 NIM to Bermudan Dollar has changed by +102.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by +49.93%, reaching a high of 0.006225 BMD and a low of 0.002428 BMD . One month ago, the value of 1 NIM was $ 0.001143 BMD , which represents a +187.94% change from its current value. Over the last year, Nimiq has changed by , resulting in a change of +268.87% in its value.
+$
0.002754BMDNIM to BMD
Amount
10:19 am today
0.5 NIM
$0.001805
1 NIM
$0.003609
5 NIM
$0.01805
10 NIM
$0.03609
50 NIM
$0.1805
100 NIM
$0.3609
500 NIM
$1.8
1000 NIM
$3.61
BMD to NIM
Amount10:19 am today
0.5BMD138.53 NIM
1BMD277.06 NIM
5BMD1,385.32 NIM
10BMD2,770.64 NIM
50BMD13,853.19 NIM
100BMD27,706.37 NIM
500BMD138,531.87 NIM
1000BMD277,063.74 NIM
Today vs. 24 hours ago
| Amount | 10:19 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 NIM | $0.001805 | $0.001175 | +49.93% |
| 1 NIM | $0.003609 | $0.002351 | +49.93% |
| 5 NIM | $0.01805 | $0.01175 | +49.93% |
| 10 NIM | $0.03609 | $0.02351 | +49.93% |
| 50 NIM | $0.1805 | $0.1175 | +49.93% |
| 100 NIM | $0.3609 | $0.2351 | +49.93% |
| 500 NIM | $1.8 | $1.18 | +49.93% |
| 1000 NIM | $3.61 | $2.35 | +49.93% |
Today vs. 1 month ago
| Amount | 10:19 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 NIM | $0.001805 | $0.0005715 | +187.94% |
| 1 NIM | $0.003609 | $0.001143 | +187.94% |
| 5 NIM | $0.01805 | $0.005715 | +187.94% |
| 10 NIM | $0.03609 | $0.01143 | +187.94% |
| 50 NIM | $0.1805 | $0.05715 | +187.94% |
| 100 NIM | $0.3609 | $0.1143 | +187.94% |
| 500 NIM | $1.8 | $0.5715 | +187.94% |
| 1000 NIM | $3.61 | $1.14 | +187.94% |
Today vs. 1 year ago
| Amount | 10:19 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 NIM | $0.001805 | $0.0004275 | +268.87% |
| 1 NIM | $0.003609 | $0.0008550 | +268.87% |
| 5 NIM | $0.01805 | $0.004275 | +268.87% |
| 10 NIM | $0.03609 | $0.008550 | +268.87% |
| 50 NIM | $0.1805 | $0.04275 | +268.87% |
| 100 NIM | $0.3609 | $0.08550 | +268.87% |
| 500 NIM | $1.8 | $0.4275 | +268.87% |
| 1000 NIM | $3.61 | $0.8550 | +268.87% |
Nimiq price prediction
What will the price of NIM be in 2025?
Based on NIM's historical price performance prediction model, the price of NIM is projected to reach $0.005543 in 2025.
What will the price of NIM be in 2030?
In 2030, the NIM price is expected to change by -10.00%. By the end of 2030, the NIM price is projected to reach $0.005439, with a cumulative ROI of +82.30%.
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Popular Nimiq conversions
Check out these popular currency conversions of Nimiq to several fiat currencies.
Nimiq to USD
1 NIM to $ 0.003609 USD
Nimiq to GBP
1 NIM to £ 0.002852 GBP
Nimiq to EUR
1 NIM to € 0.003417 EUR
Nimiq to KRW
1 NIM to ₩ 5.03 KRW
Nimiq to CAD
1 NIM to $ 0.005071 CAD
Nimiq to AUD
1 NIM to $ 0.005581 AUD
Nimiq to JPY
1 NIM to ¥ 0.5608 JPY
Nimiq to BRL
1 NIM to R$ 0.02095 BRL
Nimiq to CNY
1 NIM to ¥ 0.02612 CNY
Nimiq to TWD
1 NIM to NT$ 0.1172 TWD
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1 ELON to $ 0.{6}2184 BMD
Bitcoin to BMD
1 BTC to $ 89,007.97 BMD
XRP to BMD
1 XRP to $ 0.8211 BMD
Act I : The AI Prophecy to BMD
1 ACT to $ 0.7469 BMD
Solana to BMD
1 SOL to $ 212.82 BMD
Sui to BMD
1 SUI to $ 3.36 BMD
Merlin Chain to BMD
1 MERL to $ 0.2862 BMD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Nimiq and BMD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Nimiq and BMD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Nimiq in BMD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
