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base info Lido DAO

Lido DAO to Bermudan Dollar Converter and calculator

Convert 1Lido DAO (LDO) to Bermudan Dollar (BMD) equals $ 1.97 | 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 Lido DAO currency pair is the LDO to BMD, with for Lido DAO's currency code being LDO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.

LDO to BMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Lido DAO has changed -5.01% to BMD. Based on the trend and price charts, Lido DAO(LDO) has changed -5.01% to BMD while Bermudan Dollar(BMD) has changed % to LDO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$2
0.0001% / 0.0004%vip-iconVIP
Binance
$1.99
0.1000% / 0.1000%
Yes
OKX
$1.99
0.080% / 0.100%
Yes
Huobi
$2
0.1000% / 0.1000%
Yes
Gate.io
$1.99
0.1000% / 0.1000%
Yes
Bybit
$2
0.1000% / 0.1000%
Yes
KuCoin
$1.99
0.1000% / 0.1000%
Yes
Bitfinex
$2
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 11:00:37(UTC+0)

What factors influence the conversion rate of Lido DAO to Bermudan Dollar?

Lido DAO to Bermudan Dollar is falling this week.
Lido DAO's current market price is $ 1.97 per LDO, with a total market cap of $ 1,758,946,495.22 BMD based on a circulating supply of 891,731,000 LDO. The trading volume of Lido DAO has changed by -4.90% ($ -9,708,886.31 BMD) in the last 24 hours. Last trading day, LDO's trading volume was $ 198,302,416.47.
Market cap
$1.76B
24h volume
$188.59M
Circulating supply
891.73M LDO

Conversion tables

The exchange rate of Lido DAO is decreasing.
1 LDO is currently valued at $ 1.97 BMD , which means buying 5 LDO will cost $ 9.86 BMD . Similarly, $1 BMD can be traded for 0.5070 LDO, and $50 BMD can be converted to 25.35 LDO, excluding any platform or gas fees.
The exchange rate of 1 LDO to Bermudan Dollar has changed by -24.58% in the last 7 days. In the last 24 hours, the rate has fluctuated by -5.01%, reaching a high of 2.08 BMD and a low of 1.55 BMD . One month ago, the value of 1 LDO was $ 2.9 BMD , which represents a -32.07% change from its current value. Over the last year, Lido DAO has changed by
-$
0.6165BMD
, resulting in a change of -23.82% in its value.

LDO to BMD

Amount
11:19 am today
0.5 LDO
$0.9863
1 LDO
$1.97
5 LDO
$9.86
10 LDO
$19.73
50 LDO
$98.63
100 LDO
$197.25
500 LDO
$986.25
1000 LDO
$1,972.51

BMD to LDO

Amount11:19 am today
0.5BMD0.2535  LDO
1BMD0.5070  LDO
5BMD2.53  LDO
10BMD5.07  LDO
50BMD25.35  LDO
100BMD50.7  LDO
500BMD253.48  LDO
1000BMD506.97  LDO
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Today vs. 24 hours ago

Amount11:19 am today24 hours ago24h change
0.5 LDO$0.9863$1.04
-5.01%
1 LDO$1.97$2.08
-5.01%
5 LDO$9.86$10.38
-5.01%
10 LDO$19.73$20.76
-5.01%
50 LDO$98.63$103.82
-5.01%
100 LDO$197.25$207.64
-5.01%
500 LDO$986.25$1,038.22
-5.01%
1000 LDO$1,972.51$2,076.44
-5.01%

Today vs. 1 month ago

Amount11:19 am today1 month ago1M change
0.5 LDO$0.9863$1.45
-32.07%
1 LDO$1.97$2.9
-32.07%
5 LDO$9.86$14.52
-32.07%
10 LDO$19.73$29.03
-32.07%
50 LDO$98.63$145.16
-32.07%
100 LDO$197.25$290.33
-32.07%
500 LDO$986.25$1,451.64
-32.07%
1000 LDO$1,972.51$2,903.28
-32.07%

Today vs. 1 year ago

Amount11:19 am today1 year ago1Y change
0.5 LDO$0.9863$1.29
-23.82%
1 LDO$1.97$2.59
-23.82%
5 LDO$9.86$12.95
-23.82%
10 LDO$19.73$25.89
-23.82%
50 LDO$98.63$129.45
-23.82%
100 LDO$197.25$258.9
-23.82%
500 LDO$986.25$1,294.51
-23.82%
1000 LDO$1,972.51$2,589.03
-23.82%

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.