Convert New Taiwan Dollar to Bermudan Dollar
Please provide values below to convert New Taiwan Dollar [TWD] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Bermudan Dollar
1 TWD = 29.365 BMD
Example: convert 15 TWD to BMD:
15 TWD = 15 × 29.365 BMD = 440.475 BMD
New Taiwan Dollar to Bermudan Dollar Conversion Table
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
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.