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base info Arbitrum

Arbitrum to Bermudan Dollar Converter and calculator

Convert 1Arbitrum (ARB) to Bermudan Dollar (BMD) equals $ 1.19 | Bitget

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.

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Bitget crypto-to-fiat exchange data shows that the most popular Arbitrum currency pair is the ARB to BMD, with for Arbitrum's currency code being ARB. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.

ARB to BMD conversion rate trend

In the past 1D, Arbitrum has changed +4.96% to BMD. Based on the trend and price charts, Arbitrum(ARB) has changed +4.96% to BMD while Bermudan Dollar(BMD) has changed % to ARB in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/15 16:00:32(UTC+0)

What factors influence the conversion rate of Arbitrum to Bermudan Dollar?

Arbitrum to Bermudan Dollar is falling this week.
Arbitrum's current market price is $ 1.19 per ARB, with a total market cap of $ 3,170,961,867.79 BMD based on a circulating supply of 2,653,939,500 ARB. The trading volume of Arbitrum has changed by -43.53% ($ -533,708,242.46 BMD) in the last 24 hours. Last trading day, ARB's trading volume was $ 1,225,960,096.51.
Market cap
24h volume
Circulating supply
2.65B ARB

Conversion tables

The exchange rate of Arbitrum is decreasing.
1 ARB is currently valued at $ 1.19 BMD , which means buying 5 ARB will cost $ 5.97 BMD . Similarly, $1 BMD can be traded for 0.8370 ARB, and $50 BMD can be converted to 41.85 ARB, excluding any platform or gas fees.
The exchange rate of 1 ARB to Bermudan Dollar has changed by -22.99% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.96%, reaching a high of 1.27 BMD and a low of 1.11 BMD . One month ago, the value of 1 ARB was $ 1.83 BMD , which represents a -34.71% change from its current value. Over the last year, Arbitrum has changed by
, resulting in a change of -26.55% in its value.


16:23 today
0.5 ARB
10 ARB
50 ARB
100 ARB
500 ARB
1000 ARB


Amount16:23 today
0.5BMD0.4185  ARB
1BMD0.8370  ARB
5BMD4.18  ARB
10BMD8.37  ARB
50BMD41.85  ARB
100BMD83.7  ARB
500BMD418.48  ARB
1000BMD836.95  ARB

Today vs. 24 hours ago

Amount16:23 today24 hours ago24h change
0.5 ARB$0.5974$0.5692
1 ARB$1.19$1.14
5 ARB$5.97$5.69
10 ARB$11.95$11.38
50 ARB$59.74$56.92
100 ARB$119.48$113.83
500 ARB$597.41$569.17
1000 ARB$1,194.81$1,138.33

Today vs. 1 month ago

Amount16:23 today1 month ago1M change
0.5 ARB$0.5974$0.9152
1 ARB$1.19$1.83
5 ARB$5.97$9.15
10 ARB$11.95$18.3
50 ARB$59.74$91.52
100 ARB$119.48$183.04
500 ARB$597.41$915.18
1000 ARB$1,194.81$1,830.35

Today vs. 1 year ago

Amount16:23 today1 year ago1Y change
0.5 ARB$0.5974$0.8134
1 ARB$1.19$1.63
5 ARB$5.97$8.13
10 ARB$11.95$16.27
50 ARB$59.74$81.34
100 ARB$119.48$162.68
500 ARB$597.41$813.4
1000 ARB$1,194.81$1,626.79


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