Bermuda - Bermudan Dollar - Currency Guide


Foreign exchange guide to Bermuda and the Bermudan Dollar (BMD)


USD/BMD 90-day view

USD/BMD is steady at its 90-DAY average 1.
No alerts
Recent USD to BMD 90-day trend

BMD News, Forecasts and Trends

The above interactive chart shows the USD to BMD exchange rate, trend and recent alerts for the last 90 days.

US Dollar to Bermudan Dollar - Historical Rates

USD/BMD rateChangePeriod
11 Sep 2020 : 1.0000no change1 Week
19 Aug 2020 : 1.0000no change30 Days
20 Jun 2020 : 1.0000no change90 Days
19 Sep 2019 : 1.0000no change1 Year
20 Sep 2015 : 1.0000no change5 Years
21 Sep 2010 : 1.0000no change10 Years

USD/BMD 10 year historic rates & change to 18-Sep-2020 : 1.0000


U$10,000 USD
B$10,000 BMD

Converted at USD/BMD interbank rate, compare Send Money and Currency Exchange exchange rates.

US Dollar to Bermudan Dollar - Quick Conversions

U$ 1 B$ 1.0000
U$ 5 B$ 5.0000
U$ 10 B$ 10.00
U$ 20 B$ 20.00
U$ 50 B$ 50.00
U$ 100 B$ 100.00
U$ 250 B$ 250.00
U$ 500 B$ 500.00
U$ 1,000 B$ 1,000
U$ 2,000 B$ 2,000
U$ 5,000 B$ 5,000
U$ 10,000 B$ 10,000
U$ 50,000 B$ 50,000
U$ 100,000 B$ 100,000
More amounts
U$ 1.0000 B$ 1
U$ 5.0000 B$ 5
U$ 10.00 B$ 10
U$ 20.00 B$ 20
U$ 50.00 B$ 50
U$ 100.00 B$ 100
U$ 250.00 B$ 250
U$ 500.00 B$ 500
U$ 1,000 B$ 1,000
U$ 2,000 B$ 2,000
U$ 5,000 B$ 5,000
U$ 10,000 B$ 10,000
U$ 50,000 B$ 50,000
U$ 100,000 B$ 100,000
More amounts

Frequently Asked Questions


What currency should I use in Bermuda?

The domestic currency in Bermuda is the Bermudan Dollar.

What is the Bermudan Dollar currency code and symbol?

The three letter currency code for the Bermudan Dollar is BMD — symbol is B$.

Which countries use the Bermudan Dollar?

It is the domestic currency in    Bermuda.

Is the Bermudan Dollar a closed currency?

No, the Bermudan Dollar is freely available and convertible. See guide: What is a closed currency?


Travel, Currency and Money saving tips for Bermuda

The Bermuda dollar is pegged to the U.S dollar through gold on an equal basis i.e. BD$1 = US$1. Although the legal tender is the BD, USD is generally accepted in shops, restaurants and hotels. ATMs are plentiful making cash easily accessible but, as always, be wary of possible fees imposed for each withdrawal. it's wise to always have some petty cash on you as you'll need it to pay for bus and ferry tickets, taking taxis, tipping bellhops, and paying in some cheaper restaurants. BDs are difficult to exchange outside of the country so exchange any remaining dollars before you leave.


Travel money for Bermuda

Save money and time by Ordering your Bermudan Dollars online from Travelex, you get better rates and can pick up the BMD cash locally or even on travel day at the airport.

Another popular option is to use a Pre-paid Travel Card. Your Debit/Credit Card provider will charge you 2% from market mid-rate, but your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash.

For card purchases if offered a choice of currencies always select to Pay in Bermudan Dollars otherwise you may get much worst exchange rates.


Sending money to Bermuda

When searching around for information on how to get a good exchange rate when sending money to Bermuda you need to start with finding out the latest Bermudan Dollar exchange rate for foreign-transfers, which can be very different to the wholesale rate.

Then compare your bank's exchange rates to several licensed FX providers exchange rate and fees to see how much you can save - we make that calculation easy in the below table.

Get a better deal for foreign transfers to Bermuda

When sending money to Bermuda it’s important to compare your bank’s rates & fees with those we have negotiated with our partner money transfer providers. To get a better deal you should follow these 4 simple steps :

  1. Open an account with a BER reviewed FX provider (id docs may be required)
  2. You specify the local or Bermudan Dollar amount you want to transfer
  3. Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
  4. Once your funds are received by the provider the converted BMD amount will be transfered to the recipient account you specify in Bermuda.

Use the above Send to Bermudan Dollars calculator to compare the exchange rates of FX specialist providers rates versus your bank's standard rates you can hopefully save around 5% and maybe more - end result is more Bermudan Dollars deposited into the recipient bank account and less margins and fees kept by the banks!

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