Convert Australian Dollar to Bosnia-Herzegovina Convertible Mark
Please provide values below to convert Australian Dollar [AUD] to Bosnia-Herzegovina Convertible Mark [BAM], or Convert Bosnia-Herzegovina Convertible Mark to Australian Dollar.
How to Convert Australian Dollar to Bosnia-Herzegovina Convertible Mark
1 AUD = 0.91728150680823 BAM
Example: convert 15 AUD to BAM:
15 AUD = 15 × 0.91728150680823 BAM = 13.7592226021234 BAM
Australian Dollar to Bosnia-Herzegovina Convertible Mark Conversion Table
| Australian Dollar | Bosnia-Herzegovina Convertible Mark |
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Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.
Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.