Currency in Bosnia and Herzegovina: BAM Send & Spend FX Guide
Resources for Expats, Travelers and Entrepreneurs Navigating Life and Trade in Bosnia and Herzegovina with the Bosnia-Herzegovina Convertible mark.
What's in this Bosnia and Herzegovina currency guide?
What currency is used in Bosnia and Herzegovina?
The official currency of Bosnia and Herzegovina (country code: BA) is the Bosnia-Herzegovina Convertible mark, with symbol and currency code BAM.
What is a good Bosnia-Herzegovina Convertible mark exchange rate?
The BestExchangeRates.com currency comparison table below helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of rates, enter your transaction type, currencies and amount then click ‘GET RATES’:
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Frequently Asked Questions
What currency should I use in Bosnia and Herzegovina?
The domestic currency in Bosnia and Herzegovina is the Bosnia-Herzegovina Convertible mark.
What is the Bosnia-Herzegovina Convertible mark currency code and symbol?
The three letter currency code for the Bosnia-Herzegovina Convertible mark is BAM.
What does the Bosnia-Herzegovina Convertible mark look like?
Here is an example Bosnia-Herzegovina Convertible mark banknote:
Which countries use the Bosnia-Herzegovina Convertible mark?
It is the domestic currency in Bosnia and Herzegovina.
Is the Bosnia-Herzegovina Convertible mark a closed currency?
No, the Bosnia-Herzegovina Convertible mark is freely available and convertible. See guide: What is a closed currency?
What are equivalent amounts of USD and BAM?
Here are some popular conversion amounts for USD to BAM (US dollar to Bosnia-Herzegovina Convertible mark)*.
*Converted at the current USDBAM interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Travel money for Bosnia and Herzegovina
Using Wise for Bosnia-Herzegovina Convertible mark travel money is a smart choice for savvy travelers. With its competitive exchange rates and low fees, Wise allows you to convert and manage multiple currencies effortlessly.
Be careful when using your own bank's Debit/Credit Card, as your bank may also charge an extra 3% as an “Overseas Transaction Charge” plus “Overseas ATM” fees for withdrawing cash on top of the standard Visa/Mastercard 2.5% from market mid-rate.
For card purchases, if you are offered a choice of currencies always select to Pay in Bosnia-Herzegovina Convertible mark otherwise you will typically get much worst dynamic currency conversion (DCC) exchange rates.
If you really want Bosnia-Herzegovina Convertible mark cash before departure, you can save money by ordering online. You generally get better rates and can pick up the BAM cash locally or even on travel day at the airport.
USD/BAM Market Data
The below interactive chart displays the USD/BAM change and UP📈 DOWN📉 trends over the past 1 Year.
Send Money to Bosnia and Herzegovina - Best Rates
To get a good (and fair) exchange rate when sending money to Bosnia and Herzegovina 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 Bosnia and Herzegovina
When sending money to Bosnia and Herzegovina 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 :
- Open an account with a BER reviewed FX provider (id docs may be required)
- You specify the local or Bosnia-Herzegovina Convertible mark amount you want to transfer
- Make a local currency domestic transfer for the requested amount to the provider's bank account in your country
- Once your funds are received by the provider the converted BAM amount will be transfered to the recipient account you specify in Bosnia and Herzegovina.
Use the above 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 Bosnia-Herzegovina Convertible mark deposited into the recipient bank account and less margins and fees kept by the banks!
