Converting from Bosnia and Herzegovina Convertible Mark (BAM) to Yemen Riyal (YER)

What is Bosnia and Herzegovina Convertible Mark (BAM)

The Bosnia and Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina. Introduced in 1998, the BAM replaced the Yugoslav dinar at a rate of 1 BAM = 100 dinars. The currency is subdivided into 100 fening, although fening coins are seldom used in everyday transactions.

The BAM is pegged to the Euro (EUR) at a fixed rate of 1 BAM = 0.51129 EUR, providing a sense of stability and security for both businesses and consumers. This peg supports the nation’s efforts toward economic stability and helps attract foreign investments. The Central Bank of Bosnia and Herzegovina is responsible for issuing BAM and regulating its circulation.

BAM coins are available in denominations of 5, 10, 20, 50 fening, and 1, 2, 5 BAM, while banknotes come in values of 1, 5, 10, 20, 50, 100, and 200 BAM. The designs on the banknotes feature notable cultural and historical symbols of Bosnia and Herzegovina, celebrating the nation’s rich heritage.

What is Yemen Riyal (YER)

The Yemen Riyal (YER) is the official currency of Yemen. The riyal has been in circulation since the unification of North and South Yemen in 1990, which saw the merging of the two currencies that were in use at that time: the North Yemeni rial and the South Yemeni dinar. The currency is further divided into 100 fils, although fils coins are not commonly used in day-to-day transactions.

The Yemen Central Bank issues the riyal, and it is subject to significant fluctuations due to the ongoing economic and political instability in the country. As a result, the value of the YER can change rapidly against other currencies, including BAM.

YER coins are available in denominations of 1, 5, 10, and 20 riyals, while banknotes are issued in 100, 200, 500, 1,000, and 5,000 riyals. The designs of the banknotes feature various aspects of Yemeni heritage, including historical figures, buildings, and landscapes, reflecting the cultural depth of the nation.

Converting BAM to YER

To convert BAM to YER, you can use the current exchange rate. While the exchange rate fluctuates, you can generally find up-to-date rates through financial institutions or currency converter websites. For example, if the exchange rate is ＄1 BAM = 200 YER＄, to convert 100 BAM to YER, you would calculate:

100 BAM × 200 YER/BAM = 20,000 YER

In this way, understanding the values and dynamics of both currencies can help individuals and businesses make informed financial decisions.