Convert Saint Helena Pound to Bermudan Dollar
Please provide values below to convert Saint Helena Pound [SHP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Saint Helena Pound.
How to Convert Saint Helena Pound to Bermudan Dollar
1 SHP = 0.7403 BMD
Example: convert 15 SHP to BMD:
15 SHP = 15 × 0.7403 BMD = 11.1045 BMD
Saint Helena Pound to Bermudan Dollar Conversion Table
| Saint Helena Pound | Bermudan Dollar |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.