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base info Polygon

Polygon to Bermudan Dollar Converter and calculator

Convert 1Polygon (MATIC) to Bermudan Dollar (BMD) equals $ 0.6735 | 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 Polygon currency pair is the MATIC to BMD, with for Polygon's currency code being MATIC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for BMD.

MATIC to BMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Polygon has changed -0.25% to BMD. Based on the trend and price charts, Polygon(MATIC) has changed -0.25% to BMD while Bermudan Dollar(BMD) has changed % to MATIC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$0.6695
0.0001% / 0.0004%vip-iconVIP
Binance
$0.6689
0.1000% / 0.1000%
Yes
Coinbase Exchange
$0.6690
0.1000% / 0.1000%
Yes
Kraken
$0.6690
0.1000% / 0.1000%
Yes
OKX
$0.6689
0.080% / 0.100%
Yes
Huobi
$0.6691
0.1000% / 0.1000%
Yes
Gate.io
$0.6690
0.1000% / 0.1000%
Yes
Bybit
$0.6698
0.1000% / 0.1000%
Yes
KuCoin
$0.6694
0.1000% / 0.1000%
Yes
Bitfinex
$0.6698
0.1000% / 0.1000%
Yes
Last updated 2024/04/18 19:00:31(UTC+0)

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

Polygon to Bermudan Dollar is falling this week.
Polygon's current market price is $ 0.6735 per MATIC, with a total market cap of $ 6,664,084,707.52 BMD based on a circulating supply of 9,894,742,000 MATIC. The trading volume of Polygon has changed by +5.18% ($ 14,957,450.05 BMD) in the last 24 hours. Last trading day, MATIC's trading volume was $ 288,575,591.28.
Market cap
$6.66B
24h volume
$303.53M
Circulating supply
9.89B MATIC

Conversion tables

The exchange rate of Polygon is decreasing.
1 MATIC is currently valued at $ 0.6735 BMD , which means buying 5 MATIC will cost $ 3.37 BMD . Similarly, $1 BMD can be traded for 1.48 MATIC, and $50 BMD can be converted to 74.24 MATIC, excluding any platform or gas fees.
The exchange rate of 1 MATIC to Bermudan Dollar has changed by -23.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.25%, reaching a high of 0.6908 BMD and a low of 0.6513 BMD . One month ago, the value of 1 MATIC was $ 0.9761 BMD , which represents a -31.02% change from its current value. Over the last year, Polygon has changed by
-$
0.4375BMD
, resulting in a change of -39.40% in its value.

MATIC to BMD

Amount
19:27 today
0.5 MATIC
$0.3367
1 MATIC
$0.6735
5 MATIC
$3.37
10 MATIC
$6.73
50 MATIC
$33.67
100 MATIC
$67.35
500 MATIC
$336.75
1000 MATIC
$673.5

BMD to MATIC

Amount19:27 today
0.5BMD0.7424  MATIC
1BMD1.48  MATIC
5BMD7.42  MATIC
10BMD14.85  MATIC
50BMD74.24  MATIC
100BMD148.48  MATIC
500BMD742.39  MATIC
1000BMD1,484.79  MATIC
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Today vs. 24 hours ago

Amount19:27 today24 hours ago24h change
0.5 MATIC$0.3367$0.3376
-0.25%
1 MATIC$0.6735$0.6752
-0.25%
5 MATIC$3.37$3.38
-0.25%
10 MATIC$6.73$6.75
-0.25%
50 MATIC$33.67$33.76
-0.25%
100 MATIC$67.35$67.52
-0.25%
500 MATIC$336.75$337.6
-0.25%
1000 MATIC$673.5$675.2
-0.25%

Today vs. 1 month ago

Amount19:27 today1 month ago1M change
0.5 MATIC$0.3367$0.4881
-31.02%
1 MATIC$0.6735$0.9761
-31.02%
5 MATIC$3.37$4.88
-31.02%
10 MATIC$6.73$9.76
-31.02%
50 MATIC$33.67$48.81
-31.02%
100 MATIC$67.35$97.61
-31.02%
500 MATIC$336.75$488.06
-31.02%
1000 MATIC$673.5$976.11
-31.02%

Today vs. 1 year ago

Amount19:27 today1 year ago1Y change
0.5 MATIC$0.3367$0.5555
-39.40%
1 MATIC$0.6735$1.11
-39.40%
5 MATIC$3.37$5.55
-39.40%
10 MATIC$6.73$11.11
-39.40%
50 MATIC$33.67$55.55
-39.40%
100 MATIC$67.35$111.1
-39.40%
500 MATIC$336.75$555.49
-39.40%
1000 MATIC$673.5$1,110.98
-39.40%

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.