DRC
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 Digital Reserve Currency(DRC) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 DRC at a value of 1 DRC 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 Digital Reserve Currency currency pair is the DRC to BMD, with for Digital Reserve Currency's currency code being DRC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.
DRC to BMD conversion rate trend
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In the past 1D, Digital Reserve Currency has changed -5.96% to BMD. Based on the trend and price charts, Digital Reserve Currency(DRC) has changed -5.96% to BMD while Bermudan Dollar(BMD) has changed % to DRC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.0002222 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/26 00:31:29(UTC+0)
How to buy Digital Reserve Currency
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 Digital Reserve Currency (DRC)
Use a variety of payment options to buy Digital Reserve Currency on Bitget. We'll show you how.
Buy DRC (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading does not currently support direct buying of DRC with BMD. However, you can buy USDT in Bitget P2P trading first, and then buy DRC 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 DRC (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading currently does not support direct selling of DRC to BMD. However, you can first exchange DRC 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 |
|---|
No matching ads found.
What factors influence the conversion rate of Digital Reserve Currency to Bermudan Dollar?
Digital Reserve Currency to Bermudan Dollar is falling this week.Digital Reserve Currency's current market price is $ 0.0002105 per DRC, with a total market cap of $ 210,500.26 BMD based on a circulating supply of 1,000,000,000 DRC. The trading volume of Digital Reserve Currency has changed by -4.44% ($ -12.16 BMD) in the last 24 hours. Last trading day, DRC's trading volume was $ 274.01.
Market cap
$210.50K
24h volume
$261.84692259
Circulating supply
1.00B DRC
Conversion tables
The exchange rate of Digital Reserve Currency is decreasing.1 DRC is currently valued at $ 0.0002105 BMD , which means buying 5 DRC will cost $ 0.001053 BMD . Similarly, $1 BMD can be traded for 4,750.59 DRC, and $50 BMD can be converted to 237,529.41 DRC, excluding any platform or gas fees.
The exchange rate of 1 DRC to Bermudan Dollar has changed by -7.23% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.96%, reaching a high of 0.0002240 BMD and a low of 0.0002095 BMD . One month ago, the value of 1 DRC was $ 0.0002138 BMD , which represents a -1.54% change from its current value. Over the last year, Digital Reserve Currency has changed by , resulting in a change of -28.11% in its value.
-$
0.{4}8193BMDDRC to BMD
Amount
07:47 am today
0.5 DRC
$0.0001053
1 DRC
$0.0002105
5 DRC
$0.001053
10 DRC
$0.002105
50 DRC
$0.01053
100 DRC
$0.02105
500 DRC
$0.1053
1000 DRC
$0.2105
BMD to DRC
Amount07:47 am today
0.5BMD2,375.29 DRC
1BMD4,750.59 DRC
5BMD23,752.94 DRC
10BMD47,505.88 DRC
50BMD237,529.41 DRC
100BMD475,058.82 DRC
500BMD2,375,294.09 DRC
1000BMD4,750,588.18 DRC
Today vs. 24 hours ago
| Amount | 07:47 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DRC | $0.0001053 | $0.0001119 | -5.96% |
| 1 DRC | $0.0002105 | $0.0002238 | -5.96% |
| 5 DRC | $0.001053 | $0.001119 | -5.96% |
| 10 DRC | $0.002105 | $0.002238 | -5.96% |
| 50 DRC | $0.01053 | $0.01119 | -5.96% |
| 100 DRC | $0.02105 | $0.02238 | -5.96% |
| 500 DRC | $0.1053 | $0.1119 | -5.96% |
| 1000 DRC | $0.2105 | $0.2238 | -5.96% |
Today vs. 1 month ago
| Amount | 07:47 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DRC | $0.0001053 | $0.0001069 | -1.54% |
| 1 DRC | $0.0002105 | $0.0002138 | -1.54% |
| 5 DRC | $0.001053 | $0.001069 | -1.54% |
| 10 DRC | $0.002105 | $0.002138 | -1.54% |
| 50 DRC | $0.01053 | $0.01069 | -1.54% |
| 100 DRC | $0.02105 | $0.02138 | -1.54% |
| 500 DRC | $0.1053 | $0.1069 | -1.54% |
| 1000 DRC | $0.2105 | $0.2138 | -1.54% |
Today vs. 1 year ago
| Amount | 07:47 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DRC | $0.0001053 | $0.0001462 | -28.11% |
| 1 DRC | $0.0002105 | $0.0002924 | -28.11% |
| 5 DRC | $0.001053 | $0.001462 | -28.11% |
| 10 DRC | $0.002105 | $0.002924 | -28.11% |
| 50 DRC | $0.01053 | $0.01462 | -28.11% |
| 100 DRC | $0.02105 | $0.02924 | -28.11% |
| 500 DRC | $0.1053 | $0.1462 | -28.11% |
| 1000 DRC | $0.2105 | $0.2924 | -28.11% |
Digital Reserve Currency price prediction
What will the price of DRC be in 2025?
Based on DRC's historical price performance prediction model, the price of DRC is projected to reach $0.0002371 in 2025.
What will the price of DRC be in 2030?
In 2030, the DRC price is expected to change by -12.00%. By the end of 2030, the DRC price is projected to reach $0.0003037, with a cumulative ROI of +36.27%.
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Popular Digital Reserve Currency conversions
Check out these popular currency conversions of Digital Reserve Currency to several fiat currencies.
Digital Reserve Currency to USD
1 DRC to $ 0.0002105 USD
Digital Reserve Currency to GBP
1 DRC to £ 0.0001680 GBP
Digital Reserve Currency to EUR
1 DRC to € 0.0002025 EUR
Digital Reserve Currency to KRW
1 DRC to ₩ 0.3088 KRW
Digital Reserve Currency to CAD
1 DRC to $ 0.0003027 CAD
Digital Reserve Currency to AUD
1 DRC to $ 0.0003378 AUD
Digital Reserve Currency to JPY
1 DRC to ¥ 0.03313 JPY
Digital Reserve Currency to BRL
1 DRC to R$ 0.001418 BRL
Digital Reserve Currency to CNY
1 DRC to ¥ 0.001538 CNY
Digital Reserve Currency to TWD
1 DRC to NT$ 0.006892 TWD
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1 STG to $ 0.4041 BMD
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1 BWB to $ 0.5803 BMD
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1 AIXBT to $ 0.3605 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 Digital Reserve Currency 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 Digital Reserve Currency 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 Digital Reserve Currency 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.
