Convert Bermudan Dollar to Tongan Paanga
Please provide values below to convert Bermudan Dollar [BMD] to Tongan Paanga [TOP], or Convert Tongan Paanga to Bermudan Dollar.
How to Convert Bermudan Dollar to Tongan Paanga
1 BMD = 0.419392719342392 TOP
Example: convert 15 BMD to TOP:
15 BMD = 15 × 0.419392719342392 TOP = 6.29089079013588 TOP
Bermudan Dollar to Tongan Paanga Conversion Table
| Bermudan Dollar | Tongan Paanga |
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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.
Tongan Paanga
The Tongan Paʻanga (TOP) is the official currency of Tonga, used as the primary monetary unit for transactions within the country.
History/Origin
The Paʻanga was introduced in 1967, replacing the Tongan pound at a rate of 1 Paʻanga = 10 shillings, to modernize Tonga's currency system and facilitate easier transactions.
Current Use
Today, the Paʻanga remains the official currency of Tonga, widely used in everyday transactions, banking, and trade within the country.