Convert Bermudan Dollar to Mozambican Metical
Please provide values below to convert Bermudan Dollar [BMD] to Mozambican Metical [MZN], or Convert Mozambican Metical to Bermudan Dollar.
How to Convert Bermudan Dollar to Mozambican Metical
1 BMD = 0.0157177593390997 MZN
Example: convert 15 BMD to MZN:
15 BMD = 15 × 0.0157177593390997 MZN = 0.235766390086495 MZN
Bermudan Dollar to Mozambican Metical Conversion Table
| Bermudan Dollar | Mozambican Metical |
|---|
Bermudan Dollar
The Bermudan Dollar (BMD) is the official currency of Bermuda, used for all monetary transactions within the territory.
History/Origin
Introduced in 1970, the Bermudan Dollar replaced the Bermudian Pound at par, aligning Bermuda's currency with the US dollar for economic stability and convenience.
Current Use
The Bermudan Dollar is widely accepted in Bermuda, often pegged at par to the US dollar, and is used in everyday transactions, banking, and commerce within the territory.
Mozambican Metical
The Mozambican Metical (MZN) is the official currency of Mozambique, used for all monetary transactions within the country.
History/Origin
The Metical was introduced in 1980, replacing the Mozambique Escudo, to stabilize the economy and modernize the monetary system. It has undergone several redenominations and reforms since its inception.
Current Use
The Metical is actively used as Mozambique's primary currency for everyday transactions, banking, and trade. It is issued and regulated by the Bank of Mozambique.