Convert Bermudan Dollar to Malaysian Ringgit
Please provide values below to convert Bermudan Dollar [BMD] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Bermudan Dollar.
How to Convert Bermudan Dollar to Malaysian Ringgit
1 BMD = 0.236328401947346 MYR
Example: convert 15 BMD to MYR:
15 BMD = 15 × 0.236328401947346 MYR = 3.54492602921019 MYR
Bermudan Dollar to Malaysian Ringgit Conversion Table
| Bermudan Dollar | Malaysian Ringgit |
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Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.