Convert Bermudan Dollar to Salvadoran Colón
Please provide values below to convert Bermudan Dollar [BMD] to Salvadoran Colón [SVC], or Convert Salvadoran Colón to Bermudan Dollar.
How to Convert Bermudan Dollar to Salvadoran Colón
1 BMD = 0.114424920374559 SVC
Example: convert 15 BMD to SVC:
15 BMD = 15 × 0.114424920374559 SVC = 1.71637380561838 SVC
Bermudan Dollar to Salvadoran Colón Conversion Table
| Bermudan Dollar | Salvadoran Colón |
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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.
Salvadoran Colón
The Salvadoran Colón (SVC) was the official currency of El Salvador until 2001, used as the country's monetary unit for everyday transactions.
History/Origin
Introduced in 1892, the Salvadoran Colón replaced the peso and was used until 2001, when El Salvador adopted the United States dollar as its official currency. It was named after Christopher Columbus (Cristóbal Colón).
Current Use
The Salvadoran Colón is no longer in circulation; it was replaced by the US dollar in 2001 and is now obsolete, with no current use in transactions.