Convert Bermudan Dollar to Swedish Krona
Please provide values below to convert Bermudan Dollar [BMD] to Swedish Krona [SEK], or Convert Swedish Krona to Bermudan Dollar.
How to Convert Bermudan Dollar to Swedish Krona
1 BMD = 0.104774577496516 SEK
Example: convert 15 BMD to SEK:
15 BMD = 15 × 0.104774577496516 SEK = 1.57161866244774 SEK
Bermudan Dollar to Swedish Krona Conversion Table
| Bermudan Dollar | Swedish Krona |
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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.
Swedish Krona
The Swedish Krona (SEK) is the official currency of Sweden, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Swedish Krona was introduced in 1873, replacing the Riksdaler. It was initially pegged to gold and later transitioned to a floating exchange rate system. The currency has undergone various reforms, including decimalization in 1874 and modernization efforts in the 20th and 21st centuries.
Current Use
Today, the Swedish Krona is widely used across Sweden for all financial transactions, including cash, digital payments, and banking, and is recognized as a stable and integral part of the country's economy.