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Cardano to Bermudan Dollar Converter and calculator

Convert 1Cardano (ADA) to Bermudan Dollar (BMD) equals $ 0.5056 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Cardano(ADA) to Bermudan Dollar(BMD). This is the real-time data. The current conversion shows 1 ADA at a value of 1 ADA for 0.51 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.

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

ADA to BMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Cardano has changed +4.24% to BMD. Based on the trend and price charts, Cardano(ADA) has changed +4.24% to BMD while Bermudan Dollar(BMD) has changed % to ADA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.5027
0.0001% / 0.0004%vip-iconVIP
Binance
$0.5025
0.1000% / 0.1000%
Yes
Coinbase Exchange
$0.5030
0.1000% / 0.1000%
Yes
Kraken
$0.5029
0.1000% / 0.1000%
Yes
OKX
$0.5029
0.080% / 0.100%
Yes
Huobi
$0.5026
0.1000% / 0.1000%
Yes
Gate.io
$0.5028
0.1000% / 0.1000%
Yes
Bybit
$0.5028
0.1000% / 0.1000%
Yes
KuCoin
$0.5025
0.1000% / 0.1000%
Yes
Bitfinex
$0.5035
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 11:00:36(UTC+0)

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

Cardano to Bermudan Dollar is rising this week.
Cardano's current market price is $ 0.5056 per ADA, with a total market cap of $ 18,010,742,521.67 BMD based on a circulating supply of 35,624,630,000 ADA. The trading volume of Cardano has changed by -19.47% ($ -103,845,320.00 BMD) in the last 24 hours. Last trading day, ADA's trading volume was $ 533,486,699.5.
Market cap
$18.01B
24h volume
$429.64M
Circulating supply
35.62B ADA

Conversion tables

The exchange rate of Cardano is decreasing.
1 ADA is currently valued at $ 0.5056 BMD , which means buying 5 ADA will cost $ 2.53 BMD . Similarly, $1 BMD can be traded for 1.98 ADA, and $50 BMD can be converted to 98.9 ADA, excluding any platform or gas fees.
The exchange rate of 1 ADA to Bermudan Dollar has changed by +8.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.24%, reaching a high of 0.5123 BMD and a low of 0.4772 BMD . One month ago, the value of 1 ADA was $ 0.6234 BMD , which represents a -18.90% change from its current value. Over the last year, Cardano has changed by
+$
0.1167BMD
, resulting in a change of +30.01% in its value.

ADA to BMD

Amount
11:24 am today
0.5 ADA
$0.2528
1 ADA
$0.5056
5 ADA
$2.53
10 ADA
$5.06
50 ADA
$25.28
100 ADA
$50.56
500 ADA
$252.78
1000 ADA
$505.57

BMD to ADA

Amount11:24 am today
0.5BMD0.9890  ADA
1BMD1.98  ADA
5BMD9.89  ADA
10BMD19.78  ADA
50BMD98.9  ADA
100BMD197.8  ADA
500BMD988.98  ADA
1000BMD1,977.97  ADA
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Today vs. 24 hours ago

Amount11:24 am today24 hours ago24h change
0.5 ADA$0.2528$0.2425
+4.24%
1 ADA$0.5056$0.4850
+4.24%
5 ADA$2.53$2.43
+4.24%
10 ADA$5.06$4.85
+4.24%
50 ADA$25.28$24.25
+4.24%
100 ADA$50.56$48.5
+4.24%
500 ADA$252.78$242.51
+4.24%
1000 ADA$505.57$485.01
+4.24%

Today vs. 1 month ago

Amount11:24 am today1 month ago1M change
0.5 ADA$0.2528$0.3117
-18.90%
1 ADA$0.5056$0.6234
-18.90%
5 ADA$2.53$3.12
-18.90%
10 ADA$5.06$6.23
-18.90%
50 ADA$25.28$31.17
-18.90%
100 ADA$50.56$62.34
-18.90%
500 ADA$252.78$311.72
-18.90%
1000 ADA$505.57$623.43
-18.90%

Today vs. 1 year ago

Amount11:24 am today1 year ago1Y change
0.5 ADA$0.2528$0.1944
+30.01%
1 ADA$0.5056$0.3889
+30.01%
5 ADA$2.53$1.94
+30.01%
10 ADA$5.06$3.89
+30.01%
50 ADA$25.28$19.44
+30.01%
100 ADA$50.56$38.89
+30.01%
500 ADA$252.78$194.43
+30.01%
1000 ADA$505.57$388.87
+30.01%

FAQ

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.