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base info Parallel

Parallel to Bermudan Dollar Converter and calculator

Convert 1Parallel (PAR) to Bermudan Dollar (BMD) equals $ 0.5011 | Bitget
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Last updated as of 2025/02/24 05:22:24 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Parallel(PAR) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 PAR at a value of 1 PAR for 0.50 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Parallel currency pair is the PAR to BMD, with for Parallel's currency code being PAR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.

PAR to BMD conversion rate trend

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Live Parallel (PAR) price chart
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In the past 1D, Parallel has changed +2.89% to BMD. Based on the trend and price charts, Parallel(PAR) has changed +2.89% to BMD while Bermudan Dollar(BMD) has changed -2.81% to PAR in the last 24 hours.

How to buy Parallel

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Buy Parallel (PAR)
Use a variety of payment options to buy Parallel on Bitget. We'll show you how.

Buy PAR (or USDT) for BMD (Bermudan Dollar) offers

Bitget P2P trading does not currently support direct buying of PAR with BMD. However, you can buy USDT in Bitget P2P trading first, and then buy PAR with USDT via Bitget spot market.
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Sell PAR (or USDT) for BMD (Bermudan Dollar) offers

Bitget P2P trading currently does not support direct selling of PAR to BMD. However, you can first exchange PAR for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
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What factors influence the conversion rate of Parallel to Bermudan Dollar?

Parallel to Bermudan Dollar is rising this week.
Parallel's current market price is $ 0.5011 per PAR, with a total market cap of $ 0 BMD based on a circulating supply of -- PAR. The trading volume of Parallel has changed by 0.00% ($ 0.{4}1002 BMD) in the last 24 hours. Last trading day, PAR's trading volume was $ 5.01.
Market cap
$0
24h volume
$5.01101589
Circulating supply
0 PAR
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Conversion tables

The exchange rate of Parallel is increasing.
1 PAR is currently valued at $ 0.5011 BMD , which means buying 5 PAR will cost $ 2.51 BMD . Similarly, $1 BMD can be traded for 2 PAR, and $50 BMD can be converted to 99.79 PAR, excluding any platform or gas fees.
The exchange rate of 1 PAR to Bermudan Dollar has changed by +108.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.89%, reaching a high of 0.8012 BMD and a low of 0.7779 BMD . One month ago, the value of 1 PAR was $ 0.08651 BMD , which represents a +107.39% change from its current value. Over the last year, Parallel has changed by
-$
0.2597BMD
, resulting in a change of -24.49% in its value.

PAR to BMD

Amount
05:22 am today
0.5 PAR
$0.2505
1 PAR
$0.5011
5 PAR
$2.51
10 PAR
$5.01
50 PAR
$25.05
100 PAR
$50.11
500 PAR
$250.54
1000 PAR
$501.08

BMD to PAR

Amount05:22 am today
0.5BMD0.9979  PAR
1BMD2  PAR
5BMD9.98  PAR
10BMD19.96  PAR
50BMD99.79  PAR
100BMD199.57  PAR
500BMD997.85  PAR
1000BMD1,995.7  PAR

Today vs. 24 hours ago

Amount05:22 am today24 hours ago24h change
0.5 PAR$0.2505$0.2393
+2.89%
1 PAR$0.5011$0.4786
+2.89%
5 PAR$2.51$2.39
+2.89%
10 PAR$5.01$4.79
+2.89%
50 PAR$25.05$23.93
+2.89%
100 PAR$50.11$47.86
+2.89%
500 PAR$250.54$239.28
+2.89%
1000 PAR$501.08$478.55
+2.89%

Today vs. 1 month ago

Amount05:22 am today1 month ago1M change
0.5 PAR$0.2505$0.04326
+107.39%
1 PAR$0.5011$0.08651
+107.39%
5 PAR$2.51$0.4326
+107.39%
10 PAR$5.01$0.8651
+107.39%
50 PAR$25.05$4.33
+107.39%
100 PAR$50.11$8.65
+107.39%
500 PAR$250.54$43.26
+107.39%
1000 PAR$501.08$86.51
+107.39%

Today vs. 1 year ago

Amount05:22 am today1 year ago1Y change
0.5 PAR$0.2505$0.3804
-24.49%
1 PAR$0.5011$0.7608
-24.49%
5 PAR$2.51$3.8
-24.49%
10 PAR$5.01$7.61
-24.49%
50 PAR$25.05$38.04
-24.49%
100 PAR$50.11$76.08
-24.49%
500 PAR$250.54$380.4
-24.49%
1000 PAR$501.08$760.79
-24.49%
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Parallel price prediction

What will the price of PAR be in 2026?

Based on PAR's historical price performance prediction model, the price of PAR is projected to reach $0.6332 in 2026.

What will the price of PAR be in 2031?

In 2031, the PAR price is expected to change by +28.00%. By the end of 2031, the PAR price is projected to reach $1.71, with a cumulative ROI of +240.59%.
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How to sell PI

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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.