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    Bermuda - Bermudan dollar - Currency Guide

     

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

    What's in this Bermuda currency guide?

    1. USD/BMD trend
    2. Forecasts
    3. Travel Bermuda
    4. Spending BMD
    5. Send to Bermuda
         

    USD/BMD Trend (90-day)

    USD to BMD is steady at 90 day average 1.
    |
    No alerts
     

    The below interactive chart displays the USD/BMD trend and UP DOWN HIGH LOW alerts

     
    USD to BMD Currency Trend Chart
       

    US dollar to Bermudan dollar - Historical Rates

    USD/BMD wasChangePeriod
    1.0000
    13 Oct 2021
    no change2 Weeks
    1.0000
    29 Jul 2021
    no change90 Days
    1.0000
    27 Oct 2020
    no change1 Year
    1.0000
    28 Oct 2016
    no change5 Years
    1.0000
    30 Oct 2011
    no change10 Years
    1.0000
    01 Nov 2001
    no change20 Years
    USD/BMD change over periods to 27-Oct-2021
     

    $10,000 USD
    =
    B$10,000 BMD

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

    USD to BMD - Quick Amounts

    Sell USD   →   Buy BMD
    USD BMD
    $ 1 B$ 1.0000
    $ 5 B$ 5.0000
    $ 10 B$ 10.00
    $ 20 B$ 20.00
    $ 50 B$ 50.00
    $ 100 B$ 100.00
    $ 250 B$ 250.00
    $ 500 B$ 500.00
    $ 1,000 B$ 1,000
    $ 2,000 B$ 2,000
    $ 5,000 B$ 5,000
    $ 10,000 B$ 10,000
    $ 20,000 B$ 20,000
    $ 50,000 B$ 50,000
    $ 100,000 B$ 100,000
    USD BMD
    $ 1.0000 B$ 1
    $ 5.0000 B$ 5
    $ 10.00 B$ 10
    $ 20.00 B$ 20
    $ 50.00 B$ 50
    $ 100.00 B$ 100
    $ 250.00 B$ 250
    $ 500.00 B$ 500
    $ 1,000 B$ 1,000
    $ 2,000 B$ 2,000
    $ 5,000 B$ 5,000
    $ 10,000 B$ 10,000
    $ 20,000 B$ 20,000
    $ 50,000 B$ 50,000
    $ 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 dollar 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 dollar otherwise you may get much worst exchange rates.

     

    Send Money to Bermuda - Best Rates

    To get a good (and fair) exchange rate when sending money to Bermuda you need to find and compare exchange rates for International Money Transfers (IMTs).

    The available FX rates for sending money abroad can be very different to the mid-market (wholesale) rate which you see reported online and in the News.

    You should especially compare your own bank's exchange rates to those available from Money Transfer specialists 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 dollar 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 dollar deposited into the recipient bank account and less margins and fees kept by the banks!


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