US Dollar to Convertible Mark Exchange Rate

Live Rate

= KM 1.6535

Refreshing in: 60s | Tue, Oct 27, 12:58PM GMT

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Historical Rate chart of USD and BAM

Updated: 27 Oct 2020 12:58:13 UTC

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How can I get the best exchange rate between US dollar and the Bosnia-Herzegovina convertible mark?

To get the best exchange rate between the US dollar and the Bosnia-Herzegovina convertible mark, it is a good idea to check the “real” mid-market rate first. This is the rate that the banks use when they trade between each other, and you can find this rate for example by looking the currency up on Google.

Once you know the mid-market rate, compare the exchange rate you are offered by various online money transfer services to this rate. You should pick the one that offers a rate closest to the mid-market rate, but keep in mind any fixed transaction fees that some services may charge you.

If you are sending money to someone in Bosnia-Herzegovina, online money transfer services usually offers a better deal than traditional banks do. If, however, you are travelling to Bosnia-Herzegovina, you can choose to either bring US dollars with you and exchange them once you are in the country, or simply withdraw the local currency with your credit. Keep in mind that some banks charge a foreign currency transaction fee on overseas credit card use, so make sure to check that first.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Sub unit symbol:c
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Convertible Mark

The official currency of Bosnia and Herzegovina is the convertible mark, a currency that can’t be exchanged outside of the country. Bosnia and Herzegovina broke from Yugoslavia in 1991, but the economy has struggled to transform from a socialist to capitalist economy.
Currency:Convertible Mark
Currency Symbol:KM
Sub unit:fening/pfenig
Sub unit symbol:pf
Bank notes:10, 20, 50, 100 and 200 marks
Coins:5pf, 10pf, 20pf and 50pf, 1, 2 and 5 marks

What affects exchange rates between the US dollar and the Bosnia-Herzegovina convertible mark?

The Bosnia-Herzegovina convertible mark is currently pegged to the euro at a rate of 1.95583 convertible mark to 1 euro. Because of this peg, we first need to understand what affects the exchange rate between the US dollar and the euro before we can find out what affects the rate between the US dollar and the convertible mark.

The USD/EUR is the world’s most traded currency pair. While the US dollar is the world’s biggest currency and the most used in international transactions, the euro comes in at second place. The exchange rate between the US dollar and the euro is affected by many different economic and political factors in both the United States and in the European Union. For example, higher interest rates in the EU than in the US will normally lead to an increasing exchange rate for the euro, while lower interest rates will lead to the opposite.

Since the Bosnia-Herzegovina convertible mark has a fixed peg with the euro, its exchange rate to dollars follows that of the euro to dollars.

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How does the Bosnia-Herzegovina convertible mark trade against the US dollar historically?

The Bosnia-Herzegovina convertible mark derives its name from the original 1-to-1 peg with the German mark that it had when it was first introduced in 1995. The peg with the German mark was replaced by a peg with the euro when Germany finally adopted the euro.

The exchange rate between the Bosnia-Herzegovina convertible mark and the US dollar has fluctuated quite a bit in recent years, in line with how the exchange rate between US dollars and the euro has fluctuated. From a low of 1.22 convertible mark to 1 dollar in 2008, the exchange rate in 2017 is close to 1.70 convertible mark to 1 dollar. In other words, Americans have higher buying power in Bosnia-Herzegovina today than a few years ago. Since the beginning of 2017, however, the trend has changed and the convertible mark has increased in value compared to the US dollar.

US Dollar to the Convertible Mark for the last 10 days

Oct 17 Oct 18 Oct 19 Oct 20 Oct 21 Oct 22 Oct 23 Oct 24 Oct 25 Oct 26
1 USD = 1.6687 Inverse: 0.5993 1.6687 Inverse: 0.5993 1.6622 Inverse: 0.6016 1.6556 Inverse: 0.6040 1.6491 Inverse: 0.6064 1.6537 Inverse: 0.6047 1.6513 Inverse: 0.6056 1.6513 Inverse: 0.6056 1.6513 Inverse: 0.6056 1.6544 Inverse: 0.6045

US Dollar to the Convertible Mark for the last 10 months

Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020 Jul 2020 Aug 2020 Sep 2020
1 USD = 1.7637 Inverse: 0.5670 1.7743 Inverse: 0.5636 1.7957 Inverse: 0.5569 1.7773 Inverse: 0.5627 1.8138 Inverse: 0.5513 1.7851 Inverse: 0.5602 1.7450 Inverse: 0.5731 1.6879 Inverse: 0.5925 1.6533 Inverse: 0.6048 1.6705 Inverse: 0.5986

US Dollar to the Convertible Mark for the last 10 years

Oct 2010 Oct 2011 Oct 2012 Oct 2013 Oct 2014 Oct 2015 Oct 2016 Oct 2017 Oct 2018 Oct 2019
1 USD = 1.4167 Inverse: 0.7059 1.3830 Inverse: 0.7230 1.5128 Inverse: 0.6610 1.4172 Inverse: 0.7056 1.5414 Inverse: 0.6488 1.7710 Inverse: 0.5647 1.7946 Inverse: 0.5572 1.6565 Inverse: 0.6037 1.7239 Inverse: 0.5801 1.7601 Inverse: 0.5682

Market rate for common transfer amounts USD to BAM

US Dollars (USD) Convertible Mark (BAM)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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