Find the best GBP/BMD exchange rate for Apr 21, 2021 | Finder UK

Pound to Bermudian dollar exchange rate

Find the best GBP/BMD exchange rate for 21 Apr 2021.

Live Rate

= $ 1.3893

Refreshing in: 60s | Wed, Apr 21, 01:44PM GMT

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Historical Rate chart of GBP and BMD

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Updated: 21 Apr 2021 13:44:02 UTC

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

How can I get the best exchange rate between US dollar and the Bermudian dollar?

Bermuda has its own currency called the Bermudian dollar, which is pegged to the US dollar at a 1-to-1 exchange rate.

If you are looking to transfer money to someone in Bermuda, you should consider your options carefully. You can choose to make an international bank transfer, but you’ll likely be paying more because of the high transaction fees and the bad exchange rate that banks often charge. International bank transfer is typically a slow way to transfer money to Bermuda.

The fastest and cheapest way is usually online money transfer services. They offer better exchange rates, lower fixed fees, and faster transfers than traditional banks. There are many online money transfer services available and you can find a review of most of them here on finder.com

Because of the 1-to-1 peg with the US dollar, dollars are also widely accepted as payment in Bermuda. The two currencies circulate side by side in the country, which means it may not be necessary to exchange money at all if you are going to Bermuda.

Pound Sterling

The British pound sterling is the official currency of the United Kingdom and the fourth most traded currency in the world. Unlike the majority of EU countries, the UK didn’t adopt the euro in 1999, and the pound continues to be an important currency benchmark for many nations.
Currency:Pound Sterling
Currency Symbol:£
Sub unit:penny
Sub unit symbol:p
Bank notes:£5, £10, £20, £50
Coins:1p, 2p, 5p, 10p, 20p, 50p, £1, £2

Bermudian Dollar

The official currency of Bermuda, the Bermudian dollar is fixed to the US dollar. The currency was introduced in 1972, after 130 years of the sterling era. The country also widely accepts the US dollar.
Currency:Bermudian Dollar
Currency Symbol:$
Sub unit:cent
Sub unit symbol:c
Bank notes:$2, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c, $1, $5

What affects exchange rates between the US dollar and the Bermudian dollar?

The exchange rate between the US dollar and the Bermudian dollar has remained at the current peg value since 1972.

There are no signs as of now that the current peg policy will change in the foreseeable future. The exchange rate between the US dollar and the Bermudian dollar will, therefore, remain stable regardless of what happens in the two countries both politically and economically.

If you are planning to make a big purchase or investment in Bermuda, you may want to look further into the direction of central bank policies in Bermuda. Follow what they say about the strength of the Bermudian dollar and any mentions about the peg with the US dollar.

If the US dollar were to enter into a sharp depreciation, the Bermudian central bank may decide to change their peg policy or simply revalue the peg. However, this is not a likely scenario for the near future.

There are no foreign exchange or capital controls in place in Bermuda, meaning you can exchange as much or as little as you want between Bermudian dollars and foreign currencies. US citizens are also generally allowed to open bank accounts in Bermuda.

Looking for the best exchange rate?

There are other factors to consider when sending an international money transfer in addition to the exchange rate, including the transfer fees, the payment method, the speed of delivery and the level of customer service. What’s best for you might not be best for someone else.

Send money from UK to Bermuda

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Our table below lets you compare the services you can use to send money abroad. Choose if you want to send under or over £10,000, and you’ll be shown a list of services that can help you.
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Name Product Filter Values Fastest Transfer Speed Fees (Pay by Bank Transfer) Learn More
CurrencyTransfer
24 hours
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How does the Bermudian dollar trade against the US dollar historically?

Before 1970, Bermuda used the British pound as their official currency. That year, Bermuda started issuing their own currency, although it was still linked to the British pound by a peg. Then, in 1972, Bermuda decided to switch their currency peg from the British pound over to the US dollar at a rate of 1-to-1.

The 1-to-1 exchange rate with the US dollar obviously made things easier for the large number of American tourists who visits Bermuda every year, as well as American companies doing business in Bermuda.

Pound Sterling to the Bermudian Dollar for the last 10 days

Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20
1 GBP = 1.3707 Inverse: 0.7295 1.3755 Inverse: 0.7270 1.3759 Inverse: 0.7268 1.3778 Inverse: 0.7258 1.3784 Inverse: 0.7255 1.3832 Inverse: 0.7229 1.3834 Inverse: 0.7229 1.3818 Inverse: 0.7237 1.3992 Inverse: 0.7147 1.3938 Inverse: 0.7175

Pound Sterling to the Bermudian Dollar for the last 10 months

Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021
1 GBP = 1.2349 Inverse: 0.8098 1.2661 Inverse: 0.7898 1.3219 Inverse: 0.7565 1.2932 Inverse: 0.7732 1.3129 Inverse: 0.7617 1.3286 Inverse: 0.7527 1.3399 Inverse: 0.7463 1.3682 Inverse: 0.7309 1.4068 Inverse: 0.7108 1.3747 Inverse: 0.7275

Pound Sterling to the Bermudian Dollar for the last 10 years

Apr 2011 Apr 2012 Apr 2013 Apr 2014 Apr 2015 Apr 2016 Apr 2017 Apr 2018 Apr 2019 Apr 2020
1 GBP = 1.6522 Inverse: 0.6052 1.6117 Inverse: 0.6204 1.5233 Inverse: 0.6565 1.6793 Inverse: 0.5955 1.4927 Inverse: 0.6699 1.4335 Inverse: 0.6976 1.2801 Inverse: 0.7812 1.4005 Inverse: 0.7140 1.2996 Inverse: 0.7695 1.2485 Inverse: 0.8010

Market rate for common transfer amounts GBP to BMD

Pound Sterlings (GBP) Bermudian Dollar (BMD)
£1 0
£100 0
£500 0
£1000 0
£1500 0
£2500 0
£5000 0

Exchange rates from GBP to other currencies

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