US Dollar to Convertible Mark Exchange Rate

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= KM 1.7346

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Historical Rate chart of USD and BAM

Updated: 10 Jul 2020 08:01:33 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

Jun 30 Jul 01 Jul 02 Jul 03 Jul 04 Jul 05 Jul 06 Jul 07 Jul 08 Jul 09
1 USD = 1.7450 Inverse: 0.5731 1.7467 Inverse: 0.5725 1.7343 Inverse: 0.5766 1.7409 Inverse: 0.5744 1.7409 Inverse: 0.5744 1.7409 Inverse: 0.5744 1.7314 Inverse: 0.5776 1.7338 Inverse: 0.5768 1.7334 Inverse: 0.5769 1.7273 Inverse: 0.5789

US Dollar to the Convertible Mark for the last 10 months

Sep 2019 Oct 2019 Nov 2019 Dec 2019 Jan 2020 Feb 2020 Mar 2020 Apr 2020 May 2020 Jun 2020
1 USD = 1.7723 Inverse: 0.5642 1.7806 Inverse: 0.5616 1.7727 Inverse: 0.5641 1.7662 Inverse: 0.5662 1.7573 Inverse: 0.5691 1.7809 Inverse: 0.5615 1.7269 Inverse: 0.5791 1.7983 Inverse: 0.5561 1.8125 Inverse: 0.5517 1.7458 Inverse: 0.5728

US Dollar to the Convertible Mark for the last 10 years

Jul 2010 Jul 2011 Jul 2012 Jul 2013 Jul 2014 Jul 2015 Jul 2016 Jul 2017 Jul 2018 Jul 2019
1 USD = 1.5493 Inverse: 0.6455 1.3935 Inverse: 0.7176 1.5981 Inverse: 0.6258 1.5085 Inverse: 0.6629 1.4378 Inverse: 0.6955 1.7574 Inverse: 0.5690 1.7699 Inverse: 0.5650 1.7154 Inverse: 0.5830 1.6606 Inverse: 0.6022 1.7460 Inverse: 0.5727

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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