1000SATS to BMD Converter and calculator


Conversion rates
Convert 1000SATS to BMD
Convert BMD to 1000SATS
1000SATS to BMD chart
1000SATS to BMD conversion data: Volatility and price changes of SATS in BMD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.0002865 BMD | 0.0003173 BMD | 0.0003209 BMD | 0.0003807 BMD |
Low | 0.0002555 BMD | 0.0002307 BMD | 0.0001899 BMD | 0.0001899 BMD |
Average | 0 BMD | 0 BMD | 0 BMD | 0 BMD |
Volatility | % | % | % | % |
Change | +5.66% | +15.81% | +33.74% | -1.37% |
SATS information
1000SATS to BMD market statistics
Current 1000SATS to BMD exchange rate
SATS to Bermudan Dollar is rising this week.More info about SATS 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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1000SATS to BMD Conversion tables
Amount | 01:40 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 1000SATS | $0.0001422 | $0.0001346 | +5.66% |
1 1000SATS | $0.0002844 | $0.0002692 | +5.66% |
5 1000SATS | $0.001422 | $0.001346 | +5.66% |
10 1000SATS | $0.002844 | $0.002692 | +5.66% |
50 1000SATS | $0.01422 | $0.01346 | +5.66% |
100 1000SATS | $0.02844 | $0.02692 | +5.66% |
500 1000SATS | $0.1422 | $0.1346 | +5.66% |
1000 1000SATS | $0.2844 | $0.2692 | +5.66% |
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