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BTE
BTE
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BMD
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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.

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1D7D1M3M1YAll
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Bitgethot-iconcalculator.compare.best
$0.001483
0.0200% / 0.0320%vip-iconcalculator.compare.vip
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$0
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$1.59K
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0 BTE

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0.5 BTE
$0.0007512
1 BTE
$0.001502
5 BTE
$0.007512
10 BTE
$0.01502
50 BTE
$0.07512
100 BTE
$0.1502
500 BTE
$0.7512
1000 BTE
$1.5

coin.current_to_local

coin.amountcalculator.detail.time_
0.5BMD332.81  BTE
1BMD665.62  BTE
5BMD3,328.1  BTE
10BMD6,656.2  BTE
50BMD33,281.02  BTE
100BMD66,562.04  BTE
500BMD332,810.22  BTE
1000BMD665,620.44  BTE

calculator.detail.price_24

coin.amountcalculator.detail.time_calculator.detail.price_24_agocalculator.detail.price_24_change
0.5 BTE$0.0007512$0.0007541
-0.38%
1 BTE$0.001502$0.001508
-0.38%
5 BTE$0.007512$0.007541
-0.38%
10 BTE$0.01502$0.01508
-0.38%
50 BTE$0.07512$0.07541
-0.38%
100 BTE$0.1502$0.1508
-0.38%
500 BTE$0.7512$0.7541
-0.38%
1000 BTE$1.5$1.51
-0.38%

calculator.detail.price_month

coin.amountcalculator.detail.time_calculator.detail.price_month_agocalculator.detail.price_month_change
0.5 BTE$0.0007512$0.0007183
+4.58%
1 BTE$0.001502$0.001437
+4.58%
5 BTE$0.007512$0.007183
+4.58%
10 BTE$0.01502$0.01437
+4.58%
50 BTE$0.07512$0.07183
+4.58%
100 BTE$0.1502$0.1437
+4.58%
500 BTE$0.7512$0.7183
+4.58%
1000 BTE$1.5$1.44
+4.58%

calculator.detail.price_year

coin.amountcalculator.detail.time_calculator.detail.price_year_agocalculator.detail.price_year_change
0.5 BTE$0.0007512$0.001160
-35.26%
1 BTE$0.001502$0.002321
-35.26%
5 BTE$0.007512$0.01160
-35.26%
10 BTE$0.01502$0.02321
-35.26%
50 BTE$0.07512$0.1160
-35.26%
100 BTE$0.1502$0.2321
-35.26%
500 BTE$0.7512$1.16
-35.26%
1000 BTE$1.5$2.32
-35.26%

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