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Bermuda - Bermudan Dollar - Currency Guide

 

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

       

BMD News, Forecasts and Trends

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

   
Recent USD to BMD 90-day trend
 
No alerts
USD to BMD was steady at the 90-day average 1. There are no current rate alerts.

US Dollar to Bermudan Dollar - Historical Rates

USD/BMD rateChangePeriod
06 Jul 2020 : 1.0000no change1 Week
13 Jun 2020 : 1.0000no change30 Days
14 Apr 2020 : 1.0000no change90 Days
14 Jul 2019 : 1.0000no change1 Year
15 Jul 2015 : 1.0000no change5 Years
16 Jul 2010 : 1.0000no change10 Years
USD/BMD 10 year historic rates & changes to 13-Jul-2020 : 1.0000
 

U$1,000 USD
=
B$1,000 BMD

Converted at USD/BMD wholesale exchange rate, compare foreign transfer and spend/travel 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.

 

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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