Convert Bosnia-Herzegovina Convertible Mark to Australian Dollar
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Australian Dollar [AUD], or Convert Australian Dollar to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Australian Dollar
1 BAM = 1.09017787078211 AUD
Example: convert 15 BAM to AUD:
15 BAM = 15 × 1.09017787078211 AUD = 16.3526680617316 AUD
Bosnia-Herzegovina Convertible Mark to Australian Dollar Conversion Table
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Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.