Pound Sterling to Bermudian dollar — exchange rate

The British pound or pound sterling (symbol: £, code: GBP, number: 826) is the national currency of the United Kingdom of Great Britain. It is an official currency of Gibraltar, the Falkland Islands, Saint Helena. The GBP abbreviation is used to identify £ in the international financial arena.

Change is called pence, also known as British pennies. One GBP has 100 pennies. It is one of the oldest world currencies. The currency was issued in 1694, replacing the East African rupee. In spite of mass euro introduction on the European territory, Great Britain refused to get rid of its local currency. Pound sterling has remained the main reserve currency for many governments for a long time.

The Islands of Bermuda are part of the Great Britain territory, although they are located far away from the main United Kingdom’s territory. Here, there is a separate currency called the Bermudian dollar (BD$). For convenience purposes, the currency of Bermuda is abbreviated to BMD.

The Bermudian cents are used as change for BMD. There are coins worth 10 and 50 cents that are issued as of today. The $ currency has been issued since 1970 replacing the Bermudian pound. Commemorative coins are of special interest for numismatists. So-called “Bermuda triangles” have a corresponding shape, but are made out of different alloys and have different denomination.