Convert Bermudan Dollar to Nigerian Naira
Please provide values below to convert Bermudan Dollar [BMD] to Nigerian Naira [NGN], or Convert Nigerian Naira to Bermudan Dollar.
How to Convert Bermudan Dollar to Nigerian Naira
1 BMD = 0.000653294639998396 NGN
Example: convert 15 BMD to NGN:
15 BMD = 15 × 0.000653294639998396 NGN = 0.00979941959997593 NGN
Bermudan Dollar to Nigerian Naira Conversion Table
| Bermudan Dollar | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.