PSUB to BMD Converter and calculator


Conversion rates
Convert PSUB to BMD
Convert BMD to PSUB
PSUB to BMD chart
PSUB to BMD conversion data: Volatility and price changes of Payment Swap Utility Board in BMD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{4}5505 BMD | 0.0001991 BMD | 0.0001991 BMD | 0.0001991 BMD |
Low | 0.{4}3551 BMD | 0.{4}2321 BMD | 0.{4}1520 BMD | 0.{4}1250 BMD |
Average | 0 BMD | 0 BMD | 0 BMD | 0 BMD |
Volatility | % | % | % | % |
Change | -31.28% | +56.63% | +68.04% | +23.83% |
Payment Swap Utility Board information
PSUB to BMD market statistics
Current PSUB to BMD exchange rate
Payment Swap Utility Board to Bermudan Dollar is rising this week.More info about Payment Swap Utility Board on Bitget
Bermudan Dollar 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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PSUB to BMD Conversion tables
Amount | 14:06 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PSUB | $0.{4}1863 | $0.{4}2708 | -31.28% |
1 PSUB | $0.{4}3726 | $0.{4}5416 | -31.28% |
5 PSUB | $0.0001863 | $0.0002708 | -31.28% |
10 PSUB | $0.0003726 | $0.0005416 | -31.28% |
50 PSUB | $0.001863 | $0.002708 | -31.28% |
100 PSUB | $0.003726 | $0.005416 | -31.28% |
500 PSUB | $0.01863 | $0.02708 | -31.28% |
1000 PSUB | $0.03726 | $0.05416 | -31.28% |
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