


BGN 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.
USK to BGN conversion rate trend
USK to BGN market statistics
More info about USK on Bitget
Current USK to BGN exchange rate
USK to Bermudan Dollar is rising this week.USK to BGN Conversion tables
The exchange rate of USK is decreasing.USK to BGN
BGN to USK
USK to BGN Today vs. 24 hours ago
Amount | 09:48 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 USK | лв0.6891 | лв0.7244 | -4.87% |
1 USK | лв1.38 | лв1.45 | -4.87% |
5 USK | лв6.89 | лв7.24 | -4.87% |
10 USK | лв13.78 | лв14.49 | -4.87% |
50 USK | лв68.91 | лв72.44 | -4.87% |
100 USK | лв137.82 | лв144.88 | -4.87% |
500 USK | лв689.1 | лв724.38 | -4.87% |
1000 USK | лв1,378.21 | лв1,448.76 | -4.87% |
USK to BGN Today vs. 1 month ago
Amount | 09:48 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 USK | лв0.6891 | лв0.7055 | -2.33% |
1 USK | лв1.38 | лв1.41 | -2.33% |
5 USK | лв6.89 | лв7.06 | -2.33% |
10 USK | лв13.78 | лв14.11 | -2.33% |
50 USK | лв68.91 | лв70.55 | -2.33% |
100 USK | лв137.82 | лв141.11 | -2.33% |
500 USK | лв689.1 | лв705.54 | -2.33% |
1000 USK | лв1,378.21 | лв1,411.07 | -2.33% |
USK to BGN Today vs. 1 year ago
Amount | 09:48 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 USK | лв0.6891 | лв0.8597 | -19.84% |
1 USK | лв1.38 | лв1.72 | -19.84% |
5 USK | лв6.89 | лв8.6 | -19.84% |
10 USK | лв13.78 | лв17.19 | -19.84% |
50 USK | лв68.91 | лв85.97 | -19.84% |
100 USK | лв137.82 | лв171.94 | -19.84% |
500 USK | лв689.1 | лв859.69 | -19.84% |
1000 USK | лв1,378.21 | лв1,719.38 | -19.84% |
How to convert USK to BGN



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