Convert Solomon Islands Dollar to Bermudan Dollar
Please provide values below to convert Solomon Islands Dollar [SBD] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Solomon Islands Dollar.
How to Convert Solomon Islands Dollar to Bermudan Dollar
1 SBD = 8.2405 BMD
Example: convert 15 SBD to BMD:
15 SBD = 15 × 8.2405 BMD = 123.6075 BMD
Solomon Islands Dollar to Bermudan Dollar Conversion Table
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Solomon Islands Dollar
The Solomon Islands Dollar (SBD) is the official currency of the Solomon Islands, used for all monetary transactions within the country.
History/Origin
The Solomon Islands Dollar was introduced in 1977, replacing the Australian dollar at par, to establish a distinct national currency following independence from British rule.
Current Use
The SBD is widely used in the Solomon Islands for everyday transactions, banking, and trade, and is pegged to a basket of currencies to maintain stability.
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.