Converting from Bermuda Dollar (BMD) to Saudi Arabian Riyal (SAR)

What is Bermuda Dollar (BMD)

The Bermuda Dollar (BMD) is the official currency of Bermuda, a British Overseas Territory located in the North Atlantic Ocean. The BMD is pegged to the US Dollar (USD) at a one-to-one exchange rate, meaning that one BMD is equivalent to one USD. This stable relationship with the USD helps facilitate trade and investment within Bermuda and with international partners.

Introduced in 1970, the BMD is denoted by the symbol "＄" or "BM＄" to distinguish it from other dollar-denominated currencies. The currency is issued by the Bermuda Monetary Authority, which governs its circulation and maintains its stability. Banknotes are available in denominations of ＄2, ＄5, ＄10, ＄20, ＄50 and ＄100, while coins come in 1, 5, 10, 25 cents, and ＄1. The design of Bermuda's currency often reflects its rich cultural heritage and beautiful natural environment, featuring images of historical figures, local flora, and fauna.

What is Saudi Arabian Riyal (SAR)

The Saudi Arabian Riyal (SAR) is the official currency of Saudi Arabia, a country located in the Middle East on the Arabian Peninsula. The Riyal is abbreviated as "SAR" and is often represented by the symbol "ر.س". The currency has been in use since the 1920s and is fixed to the US Dollar at a rate of approximately 3.75 SAR per USD. This fixed exchange rate provides stability and predictability for trade and investment within the Kingdom and with global trading partners.

The Saudi Arabian Monetary Authority (SAMA) is responsible for issuing the Riyal and regulating its circulation. The banknotes are available in denominations of 1, 5, 10, 20, 50, 100, and 500 Riyals. Coins are available in 5, 10, 25, 50 halalas, and 1 Riyal coins. The design of the Riyal features important national symbols, including the country’s emblem, mosques, and prominent historical figures. This reflects Saudi Arabia's rich cultural heritage and strong Islamic influence.

Converting BMD to SAR

When converting Bermuda Dollars to Saudi Arabian Riyals, it is essential to look up the current exchange rate, as these rates can fluctuate due to various economic factors. As of late 2023, the conversion rate may not be straightforward due to regional economic differences.

To convert BMD to SAR, you can use the formula:

Amount in SAR = Amount in BMD × Exchange Rate

For example, if the exchange rate is 1 BMD = 3.75 SAR, then converting 100 BMD would yield:

100 BMD × 3.75 = 375 SAR

Always check reputable sources for the most accurate and up-to-date exchange rates to ensure you get the correct value during conversion.