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US dollar to Bosnian convertible Mark exchange rate
Find the best USD/BAM exchange rate for 14 Apr 2021.
Refreshing in: 60s | Wed, Apr 14, 03:10PM GMT
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Historical Rate chart of USD and BAM
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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.
|Sub unit symbol:||c|
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|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
|Apr 04||Apr 05||Apr 06||Apr 07||Apr 08||Apr 09||Apr 10||Apr 11||Apr 12||Apr 13|
|1 USD =||1.6612 Inverse: 0.6020||1.6646 Inverse: 0.6007||1.6564 Inverse: 0.6037||1.6454 Inverse: 0.6078||1.6488 Inverse: 0.6065||1.6447 Inverse: 0.6080||1.6434 Inverse: 0.6085||1.6434 Inverse: 0.6085||1.6424 Inverse: 0.6089||1.6447 Inverse: 0.6080|
US Dollar to the Convertible Mark 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 USD =||1.7306 Inverse: 0.5778||1.7264 Inverse: 0.5793||1.6510 Inverse: 0.6057||1.6490 Inverse: 0.6064||1.6667 Inverse: 0.6000||1.6558 Inverse: 0.6039||1.6088 Inverse: 0.6216||1.6136 Inverse: 0.6197||1.6129 Inverse: 0.6200||1.6373 Inverse: 0.6108|
US Dollar to the Convertible Mark 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 USD =||1.3552 Inverse: 0.7379||1.4932 Inverse: 0.6697||1.4926 Inverse: 0.6700||1.4155 Inverse: 0.7065||1.8390 Inverse: 0.5438||1.7294 Inverse: 0.5782||1.8389 Inverse: 0.5438||1.5884 Inverse: 0.6296||1.7344 Inverse: 0.5766||1.7905 Inverse: 0.5585|
Market rate for common transfer amounts USD to BAM
|US Dollars (USD)||Convertible Mark (BAM)|
Exchange rates from USD to other currencies
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