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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.85%
New listings on Bitget: Pi Network
BTC/USDT$75183.07 (-9.54%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.85%
New listings on Bitget: Pi Network
BTC/USDT$75183.07 (-9.54%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
SBD
BMD
Last updated as of 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 Steem Dollars(SBD) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 SBD at a value of 1 SBD for 0.84 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 Steem Dollars currency pair is the SBD to BMD, with for Steem Dollars's currency code being SBD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.
SBD to BMD conversion rate trend
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In the past 1D, Steem Dollars has changed -14.68% to BMD. Based on the trend and price charts, Steem Dollars(SBD) has changed -14.68% to BMD while Bermudan Dollar(BMD) has changed % to SBD in the last 24 hours.
SBD to BMD market statistics
SBD/BMD:
$ 0.8414
SBD 24h volume:
$ 1,934,427.76
SBD market cap:
$ 8,247,167.93
SBD circulating supply:
9.80M SBD
More info about Steem Dollars on Bitget
Current SBD to BMD exchange rate
Steem Dollars to Bermudan Dollar is rising this week.Steem Dollars's current market price is $ 0.8414 per SBD, with a total market cap of $ 8,247,167.93 BMD based on a circulating supply of 9,801,650 SBD. The trading volume of Steem Dollars has changed by +316.51% ($ 1,469,995.6 BMD) in the last 24 hours. Last trading day, SBD's trading volume was $ 464,432.16.
SBD to BMD Conversion tables
The exchange rate of Steem Dollars is decreasing.1 SBD is currently valued at $ 0.8414 BMD , which means buying 5 SBD will cost $ 4.21 BMD . Similarly, $1 BMD can be traded for 1.19 SBD, and $50 BMD can be converted to 59.42 SBD, excluding any platform or gas fees.
The exchange rate of 1 SBD to Bermudan Dollar has changed by +20.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by -14.68%, reaching a high of 1.01 BMD and a low of 0.8390 BMD . One month ago, the value of 1 SBD was $ 0.8911 BMD , which represents a -5.51% change from its current value. Over the last year, Steem Dollars has changed by , resulting in a change of -81.18% in its value.
-$
3.68BMDSBD to BMD
Amount
07:39 am today
0.5 SBD
$0.4207
1 SBD
$0.8414
5 SBD
$4.21
10 SBD
$8.41
50 SBD
$42.07
100 SBD
$84.14
500 SBD
$420.7
1000 SBD
$841.41
BMD to SBD
Amount07:39 am today
0.5BMD0.5942 SBD
1BMD1.19 SBD
5BMD5.94 SBD
10BMD11.88 SBD
50BMD59.42 SBD
100BMD118.85 SBD
500BMD594.24 SBD
1000BMD1,188.49 SBD
SBD to BMD Today vs. 24 hours ago
| Amount | 07:39 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SBD | $0.4207 | $0.4940 | -14.68% |
| 1 SBD | $0.8414 | $0.9881 | -14.68% |
| 5 SBD | $4.21 | $4.94 | -14.68% |
| 10 SBD | $8.41 | $9.88 | -14.68% |
| 50 SBD | $42.07 | $49.4 | -14.68% |
| 100 SBD | $84.14 | $98.81 | -14.68% |
| 500 SBD | $420.7 | $494.04 | -14.68% |
| 1000 SBD | $841.41 | $988.07 | -14.68% |
SBD to BMD Today vs. 1 month ago
| Amount | 07:39 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SBD | $0.4207 | $0.4455 | -5.51% |
| 1 SBD | $0.8414 | $0.8911 | -5.51% |
| 5 SBD | $4.21 | $4.46 | -5.51% |
| 10 SBD | $8.41 | $8.91 | -5.51% |
| 50 SBD | $42.07 | $44.55 | -5.51% |
| 100 SBD | $84.14 | $89.11 | -5.51% |
| 500 SBD | $420.7 | $445.54 | -5.51% |
| 1000 SBD | $841.41 | $891.09 | -5.51% |
SBD to BMD Today vs. 1 year ago
| Amount | 07:39 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SBD | $0.4207 | $2.26 | -81.18% |
| 1 SBD | $0.8414 | $4.52 | -81.18% |
| 5 SBD | $4.21 | $22.59 | -81.18% |
| 10 SBD | $8.41 | $45.18 | -81.18% |
| 50 SBD | $42.07 | $225.91 | -81.18% |
| 100 SBD | $84.14 | $451.82 | -81.18% |
| 500 SBD | $420.7 | $2,259.1 | -81.18% |
| 1000 SBD | $841.41 | $4,518.2 | -81.18% |
How to convert SBD to BMD
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert SBD to BMD
Use a variety of payment options to buy Steem Dollars on Bitget. We'll show you how.
Buy SBD (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading does not currently support direct buying of SBD with BMD. However, you can buy USDT in Bitget P2P trading first, and then buy SBD 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 SBD (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading currently does not support direct selling of SBD to BMD. However, you can first exchange SBD 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 SBD to BMD?
There are many factors that affect the relationship between Steem Dollars and Bermudan Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of SBD/BMD. When there is positive news in the market about the widespread adoption of SBD or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SBD/BMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SBD/BMD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of SBD/BMD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Steem Dollars and adjust their investment strategies accordingly in the evolving market.
Steem Dollars price prediction
What will the price of SBD be in 2026?
Based on SBD's historical price performance prediction model, the price of SBD is projected to reach $1.24 in 2026.
What will the price of SBD be in 2031?
In 2031, the SBD price is expected to change by +29.00%. By the end of 2031, the SBD price is projected to reach $2.88, with a cumulative ROI of +225.97%.
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Popular Steem Dollars Converter
Check out these popular currency conversions of Steem Dollars to several fiat currencies.
SBD to TWD
1 SBD to NT$ 27.87 TWD
SBD to CNY
1 SBD to ¥ 6.16 CNY
SBD to BMD
1 SBD to $ 0.8414 BMD
SBD to USD
1 SBD to $ 0.8414 USD
SBD to EUR
1 SBD to € 0.7660 EUR
SBD to CAD
1 SBD to $ 1.2 CAD
SBD to KRW
1 SBD to ₩ 1,231.47 KRW
SBD to JPY
1 SBD to ¥ 122.86 JPY
SBD to GBP
1 SBD to £ 0.6521 GBP
SBD to BRL
1 SBD to R$ 4.94 BRL
Popular cryptocurrencies to BMD
Explore other cryptocurrencies based on your interest in Steem Dollars.
BTC to BMD
1 BTC to $ 75,082.59 BMD
ETH to BMD
1 ETH to $ 1,456.62 BMD
XRP to BMD
1 XRP to $ 1.69 BMD
SOL to BMD
1 SOL to $ 97.93 BMD
DOGE to BMD
1 DOGE to $ 0.1335 BMD
ADA to BMD
1 ADA to $ 0.5255 BMD
BNB to BMD
1 BNB to $ 532.57 BMD
SUI to BMD
1 SUI to $ 1.77 BMD
TRUMP to BMD
1 TRUMP to $ 7.41 BMD
LINK to BMD
1 LINK to $ 10.43 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 Steem Dollars 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 Steem Dollars 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 Steem Dollars 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.
