Convert Chinese Yuan (Offshore) to Bermudan Dollar
Please provide values below to convert Chinese Yuan (Offshore) [CNH] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Chinese Yuan (Offshore).
How to Convert Chinese Yuan (Offshore) to Bermudan Dollar
1 CNH = 7.171519 BMD
Example: convert 15 CNH to BMD:
15 CNH = 15 × 7.171519 BMD = 107.572785 BMD
Chinese Yuan (Offshore) to Bermudan Dollar Conversion Table
| Chinese Yuan (Offshore) | Bermudan Dollar |
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Chinese Yuan (Offshore)
CNH (Chinese Yuan Offshore) is the offshore version of China's currency, the Renminbi, used primarily for international trade and investment outside mainland China.
History/Origin
CNH was introduced in 2010 to facilitate offshore trading of the Chinese currency, allowing greater flexibility and internationalization of the Renminbi separate from the onshore RMB (CNY).
Current Use
CNH is widely used in global financial markets for trading, investment, and currency exchange, serving as a key component in international trade involving China.
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.