VEF to BMD
Currency conversion rates from VEF to BMD
|1 VEF||1 BMD|
|5 VEF||5 BMD|
|10 VEF||10 BMD|
|20 VEF||20 BMD|
|50 VEF||50 BMD|
|100 VEF||100 BMD|
|250 VEF||250 BMD|
|500 VEF||500 BMD|
|1000 VEF||1000 BMD|
|2000 VEF||2000 BMD|
|5000 VEF||5000 BMD|
|10000 VEF||10000 BMD|
|1 BMD||1 VEF|
|5 BMD||5 VEF|
|10 BMD||10 VEF|
|20 BMD||20 VEF|
|50 BMD||50 VEF|
|100 BMD||100 VEF|
|250 BMD||250 VEF|
|500 BMD||500 VEF|
|1000 BMD||1000 VEF|
|2000 BMD||2000 VEF|
|5000 BMD||5000 VEF|
|10000 BMD||10000 VEF|
BMD - Bermudan Dollar (BMD)
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.
- 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.
- 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.
VEF - Venezuelan Bolívar (Bs.)
The Bolívar Fuerte has been the official currency of Venezuela since January 1, 2008. It is subdivided into 100 céntimos and replaced the Bolivar at the rate of Bs.F. 1 = Bs. 1,000 due to inflation.
The Venezuelan Bolivar Fuerte is the currency in Venezuela (VE, VEN). The Venezuelan Bolivar Fuerte is also known as Bolivars, and Bolívar. The symbol for VEF can be written Bs. F. The Venezuelan Bolivar Fuerte is divided into 100 centimos. The exchange rate for the Venezuelan Bolivar Fuerte was last updated on August 23, 2018 from Bloomberg. The VEF conversion factor has 4 significant digits.
- The economy of Venezuela is largely based on the petroleum sector, which accounts for roughly a third of the GDP, around 80% of total exports, and more than half of government operating revenues.
- Venezuela is the fifth-largest member of OPEC by oil production.
- From the 1950s to the early 1980s the Venezuelan economy experienced a steady growth that attracted many immigrants.
- During the collapse of oil prices in the 1980s the economy contracted. With high oil prices and rising government expenditures, Venezuela's economy grew by 9% in 2007, but was expected to shrink by 2.9% in 2009 and further in 2010.
- Venezuela has one of the highest inflation rates in the world, averaging 29.1% in 2010, according to the CIA world fact book.
- The Bolivar was adopted by the monetary law of 1879, replacing the short-lived venezolano at a rate of 5 Bolivares = 1 Venezolano.
- Initially, the Bolívar was on the silver standard, equal to 4.5 g fine silver, following the principles of the Latin monetary union. The monetary law of 1887 made the gold Bolívar unlimited legal tender, and the gold standard came into full operation in 1910.
- Venezuela went off the gold standard in 1930, and in the 1934 the Bolívar exchange rate was fixed in terms of the US Dollar at a rate of 3.914 Bolivares = 1 USD.
- In 1937, it was revalued to 3.18 Bolivares = 1 USD, a rate which lasted until 1941.
- Until February 18, 1983, now called Black Friday by many Venezuelans, the Bolívar had been the most stable and internationally accepted currency.