Convert Falkland Islands Pound to Bermudan Dollar
Please provide values below to convert Falkland Islands Pound [FKP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Falkland Islands Pound.
How to Convert Falkland Islands Pound to Bermudan Dollar
1 FKP = 0.7403 BMD
Example: convert 15 FKP to BMD:
15 FKP = 15 × 0.7403 BMD = 11.1045 BMD
Falkland Islands Pound to Bermudan Dollar Conversion Table
| Falkland Islands Pound | Bermudan Dollar |
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Falkland Islands Pound
The Falkland Islands Pound (FKP) is the official currency of the Falkland Islands, pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1899, the Falkland Islands Pound has been used as the local currency, maintaining a fixed exchange rate with the British Pound, and has evolved alongside economic developments in the islands.
Current Use
The Falkland Islands Pound is actively used for all local transactions, issued by the Falkland Islands Monetary Authority, and is accepted alongside the British Pound within the islands.
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.