Convert Manx pound to Bermudan Dollar
Please provide values below to convert Manx pound [IMP] to Bermudan Dollar [BMD], or Convert Bermudan Dollar to Manx pound.
How to Convert Manx Pound to Bermudan Dollar
1 IMP = 0.7403 BMD
Example: convert 15 IMP to BMD:
15 IMP = 15 × 0.7403 BMD = 11.1045 BMD
Manx Pound to Bermudan Dollar Conversion Table
| Manx pound | Bermudan Dollar |
|---|
Manx Pound
The Manx pound (IMP) is the official currency of the Isle of Man, subdivided into 100 pence, and used as the island's legal tender.
History/Origin
The Manx pound has been in use since the Isle of Man established its own currency system, historically linked to the British pound, with banknotes issued by local banks since the 19th century.
Current Use
Today, the Manx pound is pegged to the British pound at par and is used alongside British currency for everyday transactions and local commerce on the Isle of Man.
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.