Live Rate
Refreshing in: 60s | Fri, Jan 24, 08:53AM GMT
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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
| 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
| 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 |
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.
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.
| Jan 14 | Jan 15 | Jan 16 | Jan 17 | Jan 18 | Jan 19 | Jan 20 | Jan 21 | Jan 22 | Jan 23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 1.7577 Inverse: 0.5689 | 1.7539 Inverse: 0.5702 | 1.7523 Inverse: 0.5707 | 1.7599 Inverse: 0.5682 | 1.7599 Inverse: 0.5682 | 1.7599 Inverse: 0.5682 | 1.7643 Inverse: 0.5668 | 1.7610 Inverse: 0.5678 | 1.7652 Inverse: 0.5665 | 1.7632 Inverse: 0.5672 |
| Mar 2019 | Apr 2019 | May 2019 | Jun 2019 | Jul 2019 | Aug 2019 | Sep 2019 | Oct 2019 | Nov 2019 | Dec 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 1.7287 Inverse: 0.5785 | 1.7574 Inverse: 0.5690 | 1.7452 Inverse: 0.5730 | 1.7208 Inverse: 0.5811 | 1.7567 Inverse: 0.5693 | 1.7608 Inverse: 0.5679 | 1.7879 Inverse: 0.5593 | 1.7621 Inverse: 0.5675 | 1.7778 Inverse: 0.5625 | 1.7544 Inverse: 0.5700 |
| Jan 2010 | Jan 2011 | Jan 2012 | Jan 2013 | Jan 2014 | Jan 2015 | Jan 2016 | Jan 2017 | Jan 2018 | Jan 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 USD = | 1.3836 Inverse: 0.7227 | 1.4448 Inverse: 0.6921 | 1.5046 Inverse: 0.6646 | 1.4693 Inverse: 0.6806 | 1.4445 Inverse: 0.6923 | 1.7130 Inverse: 0.5838 | 1.8073 Inverse: 0.5533 | 1.8292 Inverse: 0.5467 | 1.6000 Inverse: 0.6250 | 1.7212 Inverse: 0.5810 |
| US Dollars (USD) | Convertible Mark (BAM) |
|---|---|
| $1 | 0 |
| $100 | 0 |
| $500 | 0 |
| $1000 | 0 |
| $1500 | 0 |
| $2500 | 0 |
| $5000 | 0 |
