US Dollar to Convertible Mark Exchange Rate

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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:
-Bank notes:
+$1, $5, $10, $20, $50, $100
-Coins:
+c, 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:
+, 20, 50, 100 and 200 marks
-Coins:
+pf, 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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Min. Transfer Amount	Transfer Speed	Online Transfer Fee	Rate	Amount Received	Description	CTA	Details
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USD 1,000	1 day	N/A	N/A	N/A	No-maximum limit transfers with competitive exchange rates for 100+ currencies.	Go to site	Compare	Show details	Details Minimum transfer amount USD 1,000.00 Transfer methods Online, Phone, Bank Account to Bank Account Transfer options Regular payments, One off payments, Market orders, Forward contracts Customer service Phone, Email Available currencies AED, AUD, AZN, BGN, BND, CAD, CHF, CZK, DKK, EGP, EUR, FJD, GBP, HKD, HUF, IDR, ILS, INR, JPY, KRW, KWD, LKR, MAD, MGA, MXN, MYR, NOK, NZD, OMR, PEN, PGK, PHP, PKR, PLN, RUB, SAR, SBD, SCR, SEK, SGD, THB, TOP, TRY, TWD, TZS, USD, VEF, VND, VUV, WST, XOF, XPF, ZAR Go to site Read the full review
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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

Exchange rates from USD to other currencies

View all USD currency pair exchange rates

Adrienne Fuller

Adrienne Fuller is the head of publishing at Finder US. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.

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US Dollar to Convertible Mark Exchange Rate

Historical Rate chart of USD and BAM

Send money to Bosnia and Herzegovina with WorldRemit

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

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

Send money from USD to BAM

Compare up to 4 providers

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

US Dollar to the Convertible Mark for the last 10 days

US Dollar to the Convertible Mark for the last 10 months

US Dollar to the Convertible Mark for the last 10 years

Market rate for common transfer amounts USD to BAM

Exchange rates from USD to other currencies

Adrienne Fuller

Ask an Expert

US Dollar to Convertible Mark Exchange Rate

Historical Rate chart of USD and BAM

Send money to Bosnia and Herzegovina with WorldRemit

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

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

Send money from USD to BAM

Compare up to 4 providers

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

US Dollar to the Convertible Mark for the last 10 days

US Dollar to the Convertible Mark for the last 10 months

US Dollar to the Convertible Mark for the last 10 years

Market rate for common transfer amounts USD to BAM

Exchange rates from USD to other currencies

Adrienne Fuller

Ask an Expert

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