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Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.73%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85000.01 (+0.64%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share60.73%
New listings on Bitget:Pi Network
Altcoin season index:0(Bitcoin season)
BTC/USDT$85000.01 (+0.64%)Fear and Greed Index49(Neutral)
Total spot Bitcoin ETF netflow +$11.8M (1D); -$56.6M (7D).Coins listed in Pre-MarketPAWS,WCTWelcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
ROOT
BMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of The Root Network(ROOT) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 0.01 BMD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.
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.
Bitget crypto-to-fiat exchange data shows that the most popular The Root Network currency pair is the ROOT to BMD, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.
ROOT to BMD conversion rate trend
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In the past 1D, The Root Network has changed -9.61% to BMD. Based on the trend and price charts, The Root Network(ROOT) has changed -9.61% to BMD while Bermudan Dollar(BMD) has changed % to ROOT in the last 24 hours.
ROOT to BMD market statistics
ROOT/BMD:
$ 0.01018
ROOT 24h volume:
$ 6,152,480.75
ROOT market cap:
$ 14,724,295.33
ROOT circulating supply:
1.45B ROOT
More info about The Root Network on Bitget
Current ROOT to BMD exchange rate
The Root Network to Bermudan Dollar is falling this week.The Root Network's current market price is $ 0.01018 per ROOT, with a total market cap of $ 14,724,295.33 BMD based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by +16.95% ($ 891,499.57 BMD) in the last 24 hours. Last trading day, ROOT's trading volume was $ 5,260,981.19.
ROOT to BMD Conversion tables
The exchange rate of The Root Network is decreasing.1 ROOT is currently valued at $ 0.01018 BMD , which means buying 5 ROOT will cost $ 0.05089 BMD . Similarly, $1 BMD can be traded for 98.26 ROOT, and $50 BMD can be converted to 4,913.04 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Bermudan Dollar has changed by -3.87% in the last 7 days. In the last 24 hours, the rate has fluctuated by -9.61%, reaching a high of 0.01135 BMD and a low of 0.009973 BMD . One month ago, the value of 1 ROOT was $ 0.01488 BMD , which represents a -31.51% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -89.70% in its value.
-$
0.08896BMDROOT to BMD
Amount
15:40 today
0.5 ROOT
$0.005089
1 ROOT
$0.01018
5 ROOT
$0.05089
10 ROOT
$0.1018
50 ROOT
$0.5089
100 ROOT
$1.02
500 ROOT
$5.09
1000 ROOT
$10.18
BMD to ROOT
Amount15:40 today
0.5BMD49.13 ROOT
1BMD98.26 ROOT
5BMD491.3 ROOT
10BMD982.61 ROOT
50BMD4,913.04 ROOT
100BMD9,826.08 ROOT
500BMD49,130.38 ROOT
1000BMD98,260.76 ROOT
ROOT to BMD Today vs. 24 hours ago
| Amount | 15:40 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | $0.005089 | $0.005631 | -9.61% |
| 1 ROOT | $0.01018 | $0.01126 | -9.61% |
| 5 ROOT | $0.05089 | $0.05631 | -9.61% |
| 10 ROOT | $0.1018 | $0.1126 | -9.61% |
| 50 ROOT | $0.5089 | $0.5631 | -9.61% |
| 100 ROOT | $1.02 | $1.13 | -9.61% |
| 500 ROOT | $5.09 | $5.63 | -9.61% |
| 1000 ROOT | $10.18 | $11.26 | -9.61% |
ROOT to BMD Today vs. 1 month ago
| Amount | 15:40 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | $0.005089 | $0.007438 | -31.51% |
| 1 ROOT | $0.01018 | $0.01488 | -31.51% |
| 5 ROOT | $0.05089 | $0.07438 | -31.51% |
| 10 ROOT | $0.1018 | $0.1488 | -31.51% |
| 50 ROOT | $0.5089 | $0.7438 | -31.51% |
| 100 ROOT | $1.02 | $1.49 | -31.51% |
| 500 ROOT | $5.09 | $7.44 | -31.51% |
| 1000 ROOT | $10.18 | $14.88 | -31.51% |
ROOT to BMD Today vs. 1 year ago
| Amount | 15:40 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | $0.005089 | $0.04957 | -89.70% |
| 1 ROOT | $0.01018 | $0.09914 | -89.70% |
| 5 ROOT | $0.05089 | $0.4957 | -89.70% |
| 10 ROOT | $0.1018 | $0.9914 | -89.70% |
| 50 ROOT | $0.5089 | $4.96 | -89.70% |
| 100 ROOT | $1.02 | $9.91 | -89.70% |
| 500 ROOT | $5.09 | $49.57 | -89.70% |
| 1000 ROOT | $10.18 | $99.14 | -89.70% |
How to convert ROOT to BMD
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Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert ROOT to BMD
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading does not currently support direct buying of ROOT with BMD. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell ROOT (or USDT) for BMD (Bermudan Dollar) offers
Bitget P2P trading currently does not support direct selling of ROOT to BMD. However, you can first exchange ROOT for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
|---|
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What factors influence the conversion rate of ROOT to BMD?
There are many factors that affect the relationship between The Root Network and Bermudan Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of ROOT/BMD. When there is positive news in the market about the widespread adoption of ROOT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ROOT/BMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ROOT/BMD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of ROOT/BMD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of The Root Network and adjust their investment strategies accordingly in the evolving market.
The Root Network price prediction
What will the price of ROOT be in 2026?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.01283 in 2026.
What will the price of ROOT be in 2031?
In 2031, the ROOT price is expected to change by +21.00%. By the end of 2031, the ROOT price is projected to reach $0.02641, with a cumulative ROI of +161.83%.
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Popular The Root Network Converter
Check out these popular currency conversions of The Root Network to several fiat currencies.
ROOT to TWD
1 ROOT to NT$ 0.3361 TWD
ROOT to CNY
1 ROOT to ¥ 0.07369 CNY
ROOT to BMD
1 ROOT to $ 0.01018 BMD
ROOT to USD
1 ROOT to $ 0.01018 USD
ROOT to AUD
1 ROOT to $ 0.01618 AUD
ROOT to EUR
1 ROOT to € 0.009392 EUR
ROOT to CAD
1 ROOT to $ 0.01462 CAD
ROOT to KRW
1 ROOT to ₩ 14.93 KRW
ROOT to JPY
1 ROOT to ¥ 1.51 JPY
ROOT to GBP
1 ROOT to £ 0.007850 GBP
ROOT to BRL
1 ROOT to R$ 0.05769 BRL
Popular cryptocurrencies to BMD
Explore other cryptocurrencies based on your interest in The Root Network.
BTC to BMD
1 BTC to $ 84,873.11 BMD
TUT to BMD
1 TUT to $ 0.03821 BMD
ETH to BMD
1 ETH to $ 1,969.36 BMD
XRP to BMD
1 XRP to $ 2.45 BMD
ATN to BMD
1 ATN to $ 0.1637 BMD
KEKIUS to BMD
1 KEKIUS to $ 0.02458 BMD
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X to BMD
1 X to $ 0.0001465 BMD
BANANA to BMD
1 BANANA to $ 22.32 BMD
SOL to BMD
1 SOL to $ 128.8 BMD
ZEREBRO to BMD
1 ZEREBRO to $ 0.04408 BMD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between The Root Network and BMD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as The Root Network and BMD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of The Root Network in BMD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
