Bermuda’s Currency

The currency of Bermuda is the Bermuda dollar. There are 100 cents to the dollar. The Bermuda dollar is pegged to the US dollar on a 1-to-1 basis. Both currencies are equally acceptable at all establishments. The US dollar is therefore the currency of choice since any remaining cash is exchangeable almost anywhere in the world; a situation which is not true for the Bermuda dollar. Ensure you change all Bermuda currency, other than that required for novelty purposes, into US dollars before you leave Bermuda. There are no currency restrictions in force when leaving Bermuda.

When making purchases, change may be given in a combination of US and Bermudian currency.

Notes come in denominations of 2, 5, 10, 20, 50 and 100 Bermuda dollars. There are 1, 5, 10 and 25 cent coins, and also a 1 dollar coin.

Bermuda Dollar Exchange Rate

The Bermuda dollar exchange rate is fixed at a rate of 1 BMD to 1 USD, very convenient for the island’s US visitors.

The exchange rate with currencies such as the euro, pound, and Canadian dollar fluctuates from day to day.

Current exchange rates for the Bermuda dollar with popular currencies are:

• 1 US dollar (USD) =  Bermuda dollar (BMD)
• 1 Euro (EUR) =  Bermuda dollar (BMD)
• 1 British pound (GBP) = Bermuda dollar (BMD)
• 1 Canadian dollar (CAD) = Bermuda dollar (BMD)

ATMs

Bermuda’s two main banks, the HSBC Bermuda and Butterfield, have an extensive network of ATMs where you can obtain cash on your Bermuda vacation.

HSBC Bermuda ATMs

HSBC Bermuda has ATMs at various locations throughout Bermuda:

Butterfield ATMs

Butterfield has ATMs at various locations throughout Bermuda: