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USD to BMD - Compare Exchange Rates

United States Dollar to Bermudan Dollar - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

USD to BMD interbank exchange rate = 1

Right now the USD/BMD interbank exchange rate is 1. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Bermudan Dollar to United States Dollar.

This USD/BMD Converter calculates equivalent United States Dollar to Bermudan Dollar amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / BMD converter & margin calculator


$USD
$BMD
Mid-rates:
 

Foreign Transfers Travel Money

Sending USD->BMD we recommend:

WorldRemit WorldRemit

1 Week USD to BMD
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United States Dollar

Bermudan Dollar

1 USD 1.0000 BMD
5 USD 5.0000 BMD
10 USD 10.00 BMD
20 USD 20.00 BMD
50 USD 50.00 BMD
100 USD 100.00 BMD
250 USD 250.00 BMD
500 USD 500.00 BMD
1,000 USD 1,000.00 BMD
2,000 USD 2,000.00 BMD
5,000 USD 5,000.00 BMD
10,000 USD 10,000.00 BMD
50,000 USD 50,000.00 BMD
100,000 USD 100,000.00 BMD
See more

United States Dollar

Bermudan Dollar

1.0000 USD 1 BMD
5.0000 USD 5 BMD
10.00 USD 10 BMD
20.00 USD 20 BMD
50.00 USD 50 BMD
100.00 USD 100 BMD
250.00 USD 250 BMD
500.00 USD 500 BMD
1,000.00 USD 1,000 BMD
2,000.00 USD 2,000 BMD
5,000.00 USD 5,000 BMD
10,000.00 USD 10,000 BMD
50,000.00 USD 50,000 BMD
100,000.00 USD 100,000 BMD
See more

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United States Dollar to Bermudan Dollar (USD-BMD) - 10 Year History

The below table shows the historic variation in the USD/BMD exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
23 Apr 20191.0000Latest
16 Apr 20191.00001 Week0%
24 Mar 20191.00001 Month0%
25 Oct 20181.00006 Months0%
23 Apr 20181.00001 Year0%
23 Apr 20171.00002 Years0%
24 Apr 20141.00005 Years0%
25 Apr 20091.000010 Years0%

Why can't I just get the USD/BMD market rate I see on Google or in the Media?

The USD/BMD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / BMD was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market USD/BMD midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good USD to BMD exchange rate

  1. Know the latest USD/BMD market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for United States Dollar and Bermudan Dollar

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs BMD, you should pay attention to both United States Dollar and Bermudan Dollar news and forecasts.

United States Dollar (USD) - Market news and forecasts

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Bermudan Dollar (BMD) - Market news and forecasts

No recent Bermudan Dollar market updates.