Convert Philippine Peso to Bermudan Dollar
Please provide values below to convert Philippine Peso [PHP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Philippine Peso.
How to Convert Philippine Peso to Bermudan Dollar
1 PHP = 56.9423 BMD
Example: convert 15 PHP to BMD:
15 PHP = 15 × 56.9423 BMD = 854.1345 BMD
Philippine Peso to Bermudan Dollar Conversion Table
| Philippine Peso | Bermudan Dollar |
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Philippine Peso
The Philippine Peso (PHP) is the official currency of the Philippines, used for all monetary transactions within the country.
History/Origin
The Philippine Peso was first introduced during the Spanish colonial period in the 16th century and has undergone various reforms and changes in design and denomination over the years, becoming the official currency of the Philippines in 1946 after independence.
Current Use
Today, the PHP is widely used in everyday transactions, banking, and commerce in the Philippines, and it is also traded in foreign exchange markets globally.
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.