BMD to TWD

BMD - Bermudan Dollar ($)
TWD - New Taiwan Dollar ($)
1 BMD1 TWD

Currency conversion rates from BMD to TWD

BMDTWD
1 BMD1 TWD
5 BMD5 TWD
10 BMD10 TWD
20 BMD20 TWD
50 BMD50 TWD
100 BMD100 TWD
250 BMD250 TWD
500 BMD500 TWD
1000 BMD1000 TWD
2000 BMD2000 TWD
5000 BMD5000 TWD
10000 BMD10000 TWD
TWDBMD
1 TWD1 BMD
5 TWD5 BMD
10 TWD10 BMD
20 TWD20 BMD
50 TWD50 BMD
100 TWD100 BMD
250 TWD250 BMD
500 TWD500 BMD
1000 TWD1000 BMD
2000 TWD2000 BMD
5000 TWD5000 BMD
10000 TWD10000 BMD

BMD - Bermudan Dollar (BMD)

Bermudan Dollar

Bermuda’s official currency is the Bermudian Dollar (BMD). The symbol used for the Bermudian Dollar is the same as the US Dollar ($). The country also uses BD$ to distinguish the Bermudian Dollar from the USD. The Dollar is divided into 100 cents. No trading of the Bermudian Dollar is done outside the island of Bermuda.

The Bermuda Dollar is the currency in Bermuda (BM, BMU). The symbol for BMD can be written Bd$. The Bermuda Dollar is divided into 100 cents. The exchange rate for the Bermuda Dollar was last updated on Today from The International Monetary Fund. The BMD conversion factor has 6 significant digits.

Economy

  • Bermuda’s economy is stable and the country has a high capita per income compared to the rest of the world.
  • The tourist industry accounts for 28% of the GDP and mainly receives business from North America. The service industry accounts for 89% of the total GDP.
  • International Business accounts for 60% of the economic output of Bermuda.
  • Bermuda imports 80% of its food products.
  • The island is also an offshore financial institution.
  • The unemployment rate is estimated at 2.1%.
  • The main export product is pharmaceuticals.
  • Import products are food, construction material, machinery, live animals, clothing, and fuels.

History

  • Like its Caribbean neighbors, Bermuda used the Spanish Dollar for over four decades.
  • In 1842, the Sterling became the official currency of Bermuda.
  • During the 1850s the Spanish Dollar was taken out of circulation; however, it was put back into circulation in 1870s.
  • In 1876, legislation was enacted to prevent the Spanish Dollar from returning.
  • Until 1970, the Bermuda Sterling was the official currency of Bermuda.
  • Bermuda introduced the Dollar in 1970 but kept the Sterling. At that point the Sterling and Dollar had a fixed exchange rate of $2.40 = £ 1.
  • In 1972, the Sterling era ended and Bermuda pegged its dollar to the US Dollar at par.
  • Control over the Sterling was abolished in 1979.

More information about BMD - Bermudan Dollar (BMD)


TWD - New Taiwan Dollar (NT$)

New Taiwan Dollar

The New Taiwan Dollar (or the Taiwan Dollar) has been the official currency of the Taiwan Area of the Republic of China since 1949, when it replaced the Old Taiwan Dollar. It was initially issued by the Bank of Taiwan; since 2000 it has been issued by the Central Bank of the Republic of China (ROC).

The New Taiwan Dollar is the currency in Taiwan (TW, TWN). The New Taiwan Dollar is also known as the Taiwanese Dollar. The symbol for TWD can be written NT$, NTD, and NT. The New Taiwan Dollar is divided into 100 cents. The exchange rate for the New Taiwan Dollar was last updated on May 24, 2019 from Yahoo Finance. The TWD conversion factor has 5 significant digits.

Economy

  • Taiwan has a developed capitalist economy that ranks as the 19th largest in the world in GDP and 23rd in nominal terms. The Republic of China governs Taiwan with gradually decreasing guidance in the areas of investment and foreign trade.
  • Most large government-owned banks and industrial firms have been privatized.
  • Real growth in GDP has averaged about 8% during the past three decades. Exports have grown even faster and, since World War II, have provided the primary impetus for industrialization.
  • Taiwanese investors and businesses have become major investors in mainland China, Vietnam, Thailand, Indonesia, and the Philippines.

History

  • The New Taiwan Dollar was first issued by the Bank of Taiwan on June 15, 1949 to replace the Old Taiwan Dollar at the rate of 40,000 old Dollars = 1 new Dollar.
  • The main aim of the New Taiwan Dollar was to end the hyperinflation that had plagued Taiwan and mainland China due to the Chinese civil war fought in mainland China.
  • Taiwan has transformed itself from a recipient of U.S. aid in the 1950s and early 1960s to an aid donor and major foreign investor. Private Taiwanese investment in mainland China is estimated to be in excess of 150 billion USD, and official sources cite Taiwan as having invested a comparable amount in Southeast Asia.
  • In July, 2000 the New Taiwan Dollar became the official currency of the ROC and is no longer secondary to the silver Yuan. At the same time, the Central Bank of China (now known as the Central Bank of the Republic of China) began issuing New Taiwan Dollar banknotes, and the old notes issued by the Bank of Taiwan were taken out of circulation.

More information about TWD - New Taiwan Dollar (NT$)