BMD information
About the Bermudan Dollar(BMD)
The Bermudan Dollar, the official currency of Bermuda, is a unique symbol of the island's rich heritage and its dynamic role in the global economy. It is commonly abbreviated as BMD and represented by the symbol $. As a British Overseas Territory located in the North Atlantic Ocean, Bermuda's currency reflects its historical ties to the United Kingdom and its modern-day economic relationships.
Historical Background
Bermuda, known for its picturesque landscapes and vibrant culture, introduced the Bermudan Dollar (BMD) in 1970. This move was part of a broader decolonization trend and the desire for a distinct national identity. The Bermudan Dollar replaced the Bermudian pound at a rate of 1:1, symbolizing a shift towards closer economic ties with the United States.
Design and Symbolism
The design of Bermudan currency is a tapestry of the island's natural beauty, culture, and history. Banknotes and coins feature iconic imagery such as the Bermuda petrel, historic ships, and landmarks like St. Peter's Church. These designs serve not just as legal tender but as ambassadors of Bermuda's rich heritage and biodiversity.
Economic Role
The Bermudan Dollar is pegged to the US Dollar at a one-to-one ratio, a policy that underscores Bermuda's close economic relationship with the United States. This peg has been crucial in maintaining economic stability, particularly for a country that relies heavily on tourism and international business, primarily insurance and reinsurance.
The Tourism and International Business Connection
Tourism is a vital part of Bermuda's economy, with the Bermudan Dollar playing a central role. The currency's parity with the US Dollar simplifies transactions for the majority of tourists, who come from the United States. Additionally, Bermuda's status as an international business hub, particularly in insurance and reinsurance, has made the Bermudan Dollar an important player in global financial transactions.
The Bermudan Dollar in Global Finance
On the international stage, the Bermudan Dollar's parity with the US Dollar ensures its stability and reliability. This stability is crucial for Bermuda's international business sector, which deals with large-scale financial transactions. The country's regulatory environment, coupled with its currency stability, makes Bermuda an attractive destination for international business and finance.
PHNX to BMD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.001429 | 0.0200% / 0.0320%VIP 7 | |
KuCoin | $0.{4}1500 | 0.1000% / 0.1000% | Yes |
How to buy PhoenixDAO
Buy PHNX (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
K KB.BALOCH.HONEST 9 trades|Completion rate 75.00% | 3.69 AED | Amount460 USDT Limit1000 - 1697.4 AED | ||
F FAST_SERVICE 295 trades|Completion rate 96.00% | 3.68 AED | Amount300 USDT Limit30 - 996 AED | ||
U Umar384 16 trades|Completion rate 100.00% | 3.68 AED | Amount113.34 USDT Limit90 - 710.24 AED | ||
P Pinoy-Xchange 66 trades|Completion rate 94.00% | 3.67 AED | Amount260 USDT Limit17.75 - 951.6 AED | ||
B BlueAxis Crypto UAE 33 trades|Completion rate 94.00% | 3.67 AED | Amount50000 USDT Limit3000 - 100000 AED |
Sell PHNX (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
K KB.BALOCH.HONEST 9 trades|Completion rate 75.00% | 3.69 AED | Amount460 USDT Limit1000 - 1697.4 AED | ||
F FAST_SERVICE 295 trades|Completion rate 96.00% | 3.68 AED | Amount300 USDT Limit30 - 996 AED | ||
U Umar384 16 trades|Completion rate 100.00% | 3.68 AED | Amount113.34 USDT Limit90 - 710.24 AED | ||
P Pinoy-Xchange 66 trades|Completion rate 94.00% | 3.67 AED | Amount260 USDT Limit17.75 - 951.6 AED | ||
B BlueAxis Crypto UAE 33 trades|Completion rate 94.00% | 3.67 AED | Amount50000 USDT Limit3000 - 100000 AED |
What factors influence the conversion rate of PhoenixDAO to Bermudan Dollar?
PhoenixDAO to Bermudan Dollar is rising this week.Conversion tables
The exchange rate of PhoenixDAO is increasing.PHNX to BMD
BMD to PHNX
Today vs. 24 hours ago
Amount | 21:30 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 PHNX | $0.0007081 | $0.0007011 | +0.99% |
1 PHNX | $0.001416 | $0.001402 | +0.99% |
5 PHNX | $0.007081 | $0.007011 | +0.99% |
10 PHNX | $0.01416 | $0.01402 | +0.99% |
50 PHNX | $0.07081 | $0.07011 | +0.99% |
100 PHNX | $0.1416 | $0.1402 | +0.99% |
500 PHNX | $0.7081 | $0.7011 | +0.99% |
1000 PHNX | $1.42 | $1.4 | +0.99% |
Today vs. 1 month ago
Amount | 21:30 today | 1 month ago | 1M change |
---|---|---|---|
0.5 PHNX | $0.0007081 | $0.0003685 | +91.82% |
1 PHNX | $0.001416 | $0.0007370 | +91.82% |
5 PHNX | $0.007081 | $0.003685 | +91.82% |
10 PHNX | $0.01416 | $0.007370 | +91.82% |
50 PHNX | $0.07081 | $0.03685 | +91.82% |
100 PHNX | $0.1416 | $0.07370 | +91.82% |
500 PHNX | $0.7081 | $0.3685 | +91.82% |
1000 PHNX | $1.42 | $0.7370 | +91.82% |
Today vs. 1 year ago
Amount | 21:30 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 PHNX | $0.0007081 | $0.001287 | -44.93% |
1 PHNX | $0.001416 | $0.002574 | -44.93% |
5 PHNX | $0.007081 | $0.01287 | -44.93% |
10 PHNX | $0.01416 | $0.02574 | -44.93% |
50 PHNX | $0.07081 | $0.1287 | -44.93% |
100 PHNX | $0.1416 | $0.2574 | -44.93% |
500 PHNX | $0.7081 | $1.29 | -44.93% |
1000 PHNX | $1.42 | $2.57 | -44.93% |
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