A practical currency and money guide to travel, living and doing business in Brunei and the Brunei dollar (BND).
What's in this Brunei currency guide:
The official currency of Brunei (country code: BN) is the Brunei dollar, with symbol B$ and currency code BND.
The currency code "BND" refers to the Brunei dollar, which is the official currency of Brunei. It is represented by the symbol "$" and is abbreviated as BND. The physical currency consists of coins and banknotes. The coins come in denominations of 1 cent, 5 cents, 10 cents, 20 cents, and 50 cents. The banknotes come in denominations of $1, $5, $10, $20, $50, $100, $500, and $1,000. The banknotes feature images of famous Bruneian historical figures, such as Sultan Hassanal Bolkiah and Pengiran Anak Saleha. The design of the currency is constantly being updated, so the physical appearance of the coins and banknotes may vary slightly over time.
Brunei is a small country located on the island of Borneo in Southeast Asia. It is known for its rich cultural heritage, lush rainforests, and oil and gas reserves. The official language is Malay, and the country has a tropical climate with high humidity and temperatures averaging around 80 degrees Fahrenheit throughout the year. Islam is the official religion of Brunei, and there are many mosques and other religious sites to visit. The country has a strong economy, and the main industries include oil and gas, manufacturing, and tourism. Brunei is known for its traditional handicrafts, including silverwork and woven textiles, and there are many markets and shops where you can find these and other handmade items.
Here we list some key points for expats and businesses to consider when managing financial dealings in Brunei:
Understand Brunei dollar currency exchange rates: Exchange rates can have a big impact on your finances, so it is important to keep an eye on the BND exchange rate and consider using a currency exchange service or a credit card that does not charge foreign transaction fees to get the best exchange rate.
Use a local Brunei dollar bank account: A local BND bank account can make it easier for you to manage your finances and pay bills while you are in Brunei. It may also be more convenient to use a local BND bank account to make purchases and withdraw cash.
Research local laws and regulations: It is important to understand the local laws and regulations that apply to financial transactions in Brunei. This can help you avoid legal issues and ensure that you are complying with local requirements.
Consider the tax implications: It is important to understand the tax implications of living or doing business in Brunei. This can help you plan your finances and ensure that you are paying the correct amount of tax.
Seek financial advice: If you are unsure of how to manage your finances in Brunei, it is a good idea to seek the advice of a financial professional who is familiar with the local financial system. This can help you make informed decisions and avoid financial pitfalls.
The exchange rate of Brunei dollar (BND), or the amount of BND that can be exchanged for a foreign currency, can fluctuate rapidly based on a number of factors, including economic conditions, interest rates, and political events. Below you can check the latest BND/USD rate plus recent trend, chart, and historic rates.
16 Jan 2023
01 Nov 2022
30 Jan 2022
31 Jan 2018
01 Feb 2013
04 Feb 2003
The below comparison table makes it easy to find the best exchange rates and lowest fees when you want to make an International Money Transfer to Brunei or planning a trip or maybe living there, so will need to exchange and spend Brunei dollar.
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It is important to note that the exchange rate of the Brunei dollar can change rapidly and that past performance is not necessarily indicative of future performance. It is advisable to carefully consider the risks and factors that may affect BND exchange rates before making any financial decisions.