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Bermuda - Bermudan Dollar - Currency Guide

 

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

     

USD/BMD 90-day view

USDBMD 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/BMDChangePeriod
1.0000
24 Nov 2020
no change1 Week
1.0000
01 Nov 2020
no change30 Days
1.0000
02 Sep 2020
no change90 Days
1.0000
02 Dec 2019
no change1 Year
1.0000
03 Dec 2015
no change5 Years
1.0000
04 Dec 2010
no change10 Years

USD/BMD 10 year historic rates & change to 01-Dec-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

USD BMD
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
USD BMD
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.

 

Send Money to Bermuda - Best Rates

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 also called International Money Transfers (IMTs), which can be very different to the wholesale rate and also to currency exchange rates.

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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