Convert Brazilian Real to Bermudan Dollar
Please provide values below to convert Brazilian Real [BRL] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Brazilian Real.
How to Convert Brazilian Real to Bermudan Dollar
1 BRL = 5.567 BMD
Example: convert 15 BRL to BMD:
15 BRL = 15 × 5.567 BMD = 83.505 BMD
Brazilian Real to Bermudan Dollar Conversion Table
| Brazilian Real | Bermudan Dollar |
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Brazilian Real
The Brazilian Real (BRL) is the official currency of Brazil, used for all monetary transactions within the country.
History/Origin
Introduced in 1994 to stabilize the Brazilian economy and curb hyperinflation, the Real replaced the Cruzeiro and has undergone several reforms and currency changes since its inception.
Current Use
The BRL is widely used in Brazil for everyday transactions, banking, and international trade, and is recognized as a stable currency in Latin America.
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.