WEX to BMD Converter and calculator


Conversion rates
Convert WEX to BMD
Convert BMD to WEX
WEX to BMD chart
WEX to BMD conversion data: Volatility and price changes of WaultSwap in BMD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.{5}8318 BMD | 0.{5}8434 BMD | 0.{5}8483 BMD | 0.{5}8533 BMD |
Low | 0.{5}8213 BMD | 0.{5}8056 BMD | 0.{5}7963 BMD | 0.{5}6970 BMD |
Average | 0 BMD | 0 BMD | 0 BMD | 0 BMD |
Volatility | % | % | % | % |
Change | -1.27% | +0.94% | -0.92% | +3.21% |
WaultSwap information
WEX to BMD market statistics
Current WEX to BMD exchange rate
WaultSwap to Bermudan Dollar is rising this week.More info about WaultSwap on Bitget
Bermudan Dollar 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.
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WEX to BMD Conversion tables
Amount | 13:18 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 WEX | $0.{5}4106 | $0.{5}4159 | -1.27% |
1 WEX | $0.{5}8213 | $0.{5}8318 | -1.27% |
5 WEX | $0.{4}4106 | $0.{4}4159 | -1.27% |
10 WEX | $0.{4}8213 | $0.{4}8318 | -1.27% |
50 WEX | $0.0004106 | $0.0004159 | -1.27% |
100 WEX | $0.0008213 | $0.0008318 | -1.27% |
500 WEX | $0.004106 | $0.004159 | -1.27% |
1000 WEX | $0.008213 | $0.008318 | -1.27% |
WEX to BMD FAQ
What factors influence the conversion rate of WEX to BMD?
Popular exchange rates — Crypto-to-Fiat converter
The price of WaultSwap in the US is $0.{5}8213 USD. Additionally, WaultSwap’s price is €0.{5}7126 EUR in the eurozone, £0.{5}6103 GBP in the UK, C$0.{4}1128 CAD in Canada, ₹0.0007112 INR in India, ₨0.002332 PKR in Pakistan, R$0.{4}4528 BRL in Brazil, and more.
The most popular WaultSwap currency pair is the WEX to Bermudan Dollar(BMD). The price of 1 WaultSwap (WEX) in Bermudan Dollar (BMD) is $0.{5}8213.
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