![base info Covenant](https://img.bitgetimg.com/multiLang/coinPriceLogo/011a0bfeb026b4c18559169c37244e611710436045861.png)
![COVN](https://img.bitgetimg.com/multiLang/coinPriceLogo/011a0bfeb026b4c18559169c37244e611710436045861.png)
BMD information
About the Bermudan Dollar(BMD)
The Bermudan Dollar, the official currency of Bermuda, is a unique symbol of the island's rich heritage and its dynamic role in the global economy. It is commonly abbreviated as BMD and represented by the symbol $. As a British Overseas Territory located in the North Atlantic Ocean, Bermuda's currency reflects its historical ties to the United Kingdom and its modern-day economic relationships.
Historical Background
Bermuda, known for its picturesque landscapes and vibrant culture, introduced the Bermudan Dollar (BMD) in 1970. This move was part of a broader decolonization trend and the desire for a distinct national identity. The Bermudan Dollar replaced the Bermudian pound at a rate of 1:1, symbolizing a shift towards closer economic ties with the United States.
Design and Symbolism
The design of Bermudan currency is a tapestry of the island's natural beauty, culture, and history. Banknotes and coins feature iconic imagery such as the Bermuda petrel, historic ships, and landmarks like St. Peter's Church. These designs serve not just as legal tender but as ambassadors of Bermuda's rich heritage and biodiversity.
Economic Role
The Bermudan Dollar is pegged to the US Dollar at a one-to-one ratio, a policy that underscores Bermuda's close economic relationship with the United States. This peg has been crucial in maintaining economic stability, particularly for a country that relies heavily on tourism and international business, primarily insurance and reinsurance.
The Tourism and International Business Connection
Tourism is a vital part of Bermuda's economy, with the Bermudan Dollar playing a central role. The currency's parity with the US Dollar simplifies transactions for the majority of tourists, who come from the United States. Additionally, Bermuda's status as an international business hub, particularly in insurance and reinsurance, has made the Bermudan Dollar an important player in global financial transactions.
The Bermudan Dollar in Global Finance
On the international stage, the Bermudan Dollar's parity with the US Dollar ensures its stability and reliability. This stability is crucial for Bermuda's international business sector, which deals with large-scale financial transactions. The country's regulatory environment, coupled with its currency stability, makes Bermuda an attractive destination for international business and finance.
COVN to BMD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
Bitget | $0.08319 | 0.0200% / 0.0320% |
How to buy Covenant
Buy COVN (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
金 金边安欣币行 ![]() 383 trades|Completion rate 98.00% | 1.01 USD | Amount436.04 USDT Limit10 - 653 USD | ![]() ![]() ![]() | |
m maroon252 ![]() 79 trades|Completion rate 90.00% | 1.025 USD | Amount329.23 USDT Limit100 - 337.46 USD | ![]() ![]() | |
v visionary ![]() 5 trades|Completion rate 22.00% | 1.027 USD | Amount310.7 USDT Limit20 - 399 USD | ![]() ![]() | |
Q QuickResponse100% ![]() 183 trades|Completion rate 97.00% | 1.03 USD | Amount10 USDT Limit10 - 10 USD | ![]() ![]() | |
I Itzsheikhs ![]() 140 trades|Completion rate 98.00% | 1.035 USD | Amount3004.72 USDT Limit300 - 3109 USD | ![]() |
Sell COVN (or USDT) for BMD (Bermudan Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Sinai Saud Trades ![]() 26 trades|Completion rate 96.00% | 1.199 USD | Amount40000 USDT Limit1300 - 47600 USD | ![]() ![]() ![]() ![]() ![]() | |
R Russiad_BC ![]() 30 trades|Completion rate 88.00% | 1.192 USD | Amount3736.2 USDT Limit10 - 4000 USD | ![]() | |
c cR7_trader ![]() 11 trades|Completion rate 92.00% | 1.121 USD | Amount4788.74 USDT Limit100 - 5000 USD | ![]() | |
R Recharge ![]() 39 trades|Completion rate 80.00% | 1.12 USD | Amount1771.92 USDT Limit10 - 1978 USD | ![]() | |
B BGUSER-VBXPGM6X ![]() 37 trades|Completion rate 93.00% | 1.12 USD | Amount99576.3 USDT Limit10 - 50000 USD | ![]() |
What factors influence the conversion rate of Covenant to Bermudan Dollar?
Covenant to Bermudan Dollar is rising this week.Conversion tables
The exchange rate of Covenant is increasing.COVN to BMD
BMD to COVN
Today vs. 24 hours ago
Amount | 11:23 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 COVN | $0.04159 | $0.04161 | -0.04% |
1 COVN | $0.08319 | $0.08322 | -0.04% |
5 COVN | $0.4159 | $0.4161 | -0.04% |
10 COVN | $0.8319 | $0.8322 | -0.04% |
50 COVN | $4.16 | $4.16 | -0.04% |
100 COVN | $8.32 | $8.32 | -0.04% |
500 COVN | $41.59 | $41.61 | -0.04% |
1000 COVN | $83.19 | $83.22 | -0.04% |
Today vs. 1 month ago
Amount | 11:23 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 COVN | $0.04159 | $0.01618 | +157.09% |
1 COVN | $0.08319 | $0.03236 | +157.09% |
5 COVN | $0.4159 | $0.1618 | +157.09% |
10 COVN | $0.8319 | $0.3236 | +157.09% |
50 COVN | $4.16 | $1.62 | +157.09% |
100 COVN | $8.32 | $3.24 | +157.09% |
500 COVN | $41.59 | $16.18 | +157.09% |
1000 COVN | $83.19 | $32.36 | +157.09% |
Today vs. 1 year ago
Amount | 11:23 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 COVN | $0.04159 | $0.1118 | -62.80% |
1 COVN | $0.08319 | $0.2236 | -62.80% |
5 COVN | $0.4159 | $1.12 | -62.80% |
10 COVN | $0.8319 | $2.24 | -62.80% |
50 COVN | $4.16 | $11.18 | -62.80% |
100 COVN | $8.32 | $22.36 | -62.80% |
500 COVN | $41.59 | $111.8 | -62.80% |
1000 COVN | $83.19 | $223.6 | -62.80% |
Covenant price prediction
What will the price of COVN be in 2025?
What will the price of COVN be in 2030?
Other crypto price predictions
![base info Bitcoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/bb300aa3ae630239f4244fc4d937ee4b1710262866369.png)
![base info Ethereum](https://img.bitgetimg.com/multiLang/coinPriceLogo/c80d8b680719b494d850f5a2f9da68281710262897768.png)
![base info Celestia](https://img.bitgetimg.com/multiLang/coinPriceLogo/776f20b6dfebcc803194eb137ee769d41716052025141.png)
![base info Solana](https://img.bitgetimg.com/multiLang/coinPriceLogo/b8ea8a04cc438c6ad8268123cab8c7781710349373939.png)
![base info Worldcoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/bf82df7184457a61bb336cf2513c08cc1710263256500.png)
![base info Bittensor](https://img.bitgetimg.com/multiLang/coinPriceLogo/431e995999aecbc58ab41fe3409a813d1710608934427.png)
![base info Dogecoin](https://img.bitgetimg.com/multiLang/web/ae64499c8825452f6262177ee6dd525b.png)
![base info PepeCoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/4ec7d6b3f2affbdefc54cec1ece47e7a1710436337491.png)
![base info Pandora](https://img.bitgetimg.com/multiLang/coinPriceLogo/1013eb8e5329bc72711828078de5b7dc1707239416566.png)
![base info ORDI](https://img.bitgetimg.com/multiLang/coinPriceLogo/f603e00776a378e3ef82da4c229ba2bd1710436298611.png)
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular Covenant conversions
Popular cryptocurrencies to BMD
![other assets Bitcoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/bb300aa3ae630239f4244fc4d937ee4b1710262866369.png)
![other assets Solana](https://img.bitgetimg.com/multiLang/coinPriceLogo/b8ea8a04cc438c6ad8268123cab8c7781710349373939.png)
![other assets Pepe](https://img.bitgetimg.com/multiLang/coinPriceLogo/57826f53f997e574993e918f975a02ae1716570827359.png)
![other assets Ethereum](https://img.bitgetimg.com/multiLang/coinPriceLogo/c80d8b680719b494d850f5a2f9da68281710262897768.png)
![other assets Notcoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/397d3687959a21d4e0d2c64f86a6d39b1715334738360.png)
![other assets Toncoin](https://img.bitgetimg.com/multiLang/coinPriceLogo/18881ab8e8014a8cfa8e5250bc1e518c1710781471396.png)
![other assets Daddy Tate](https://img.bitgetimg.com/multiLang/coinPriceLogo/790f92bcd9dbaf32a83044ab73bdc9d11718385174336.png)
![other assets Unizen](https://img.bitgetimg.com/multiLang/coinPriceLogo/5079254cbf322feb9c406f825d6eb5781710435874902.png)
![other assets LayerZero](https://img.bitgetimg.com/multiLang/coinPriceLogo/9913c5192a49b61ad0c6c7552c7c4b501718709597818.png)
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy Covenant for 1 BMD
A welcome pack worth 1000 USDT for new Bitgetters!