Get the best Bermudian dollar exchange rate

Right now, the best Bermudian dollar exchange rate is 1.2371 based on our comparison of 4 UK currency suppliers. The worst rate is 1.1504. The difference between the best (highest) and worst (lowest) rate is 7.54% which means if you were buying £750 worth of Bermudian dollars you'd get $65.03 more by going with the best offer.

See all of today's latest Bermudian dollar rates on our comparison table at the top of the page.

The best Bermudian dollar rates are usually offered online by companies that specialise in travel money and foreign exchange. By ordering online, you get access to some of the best Bermudian dollar rates on the market and can also benefit from free home delivery if your order is over a certain amount. See our comparison table above for a list of the top UK currency suppliers offering Bermudian dollars right now.

If you'd rather collect your Bermudian dollars in person, be sure to reserve them online first so you get the best online rate: this particularly applies to supermarkets and the Post Office who all offer better deals when you pre-order currency on their website first.

You should avoid buying Bermudian dollars at the bank or airport because these are the most expensive places to exchange currency. If you're absolutely desperate, try to reserve your Bermudian dollars online for collection at the airport. You'll be able to pick your order up from the departure lounge before you fly and will get a slightly better rate by reserving online first. Use our Bermudian dollar store finder to see if there are any kiosks available the airport you're flying from.

The best time to buy Bermudian dollars is when the pound is performing strongly (relative to the Bermudian dollar) because this leads to higher exchange rates and ultimately means you get more for your money. The amount of Bermudian dollars you receive is calculated by multiplying the exchange rate by the amount of pounds you have, so a higher exchange rate means you get more Bermudian dollars.

In this example, you'll see how a higher exchange rate buys more Bermudian dollars for £750 compared to the lower rate:

£750 * 1.2371 = $927.83

£750 * 1.1504 = $862.80

It is impossible to say precisely when to buy Bermudian dollars because the exchange rate is constantly changing, but you can use our historical Bermudian dollar exchange rate chart above to determine if now is a good time to buy relative to the past. Ultimately, don't worry about trying to pick the perfect time to buy because it doesn't make a huge difference to the amount you'll receive unless you're buying tens or hundreds of thousands of pounds worth of Bermudian dollars (in which case you'll probably want to use a money transfer service).

There is no evidence to suggest that you are better off buying your Bermudian dollars in Bermuda. Exchange rates are usually very similar to those on offer here in the UK, but by waiting until you're in Bermuda you run the risk of being stuck with a poor exchange rate and little or no local competition to buy elsewhere. Also, you may have to pay additional fees or commission when buying Bermudian dollars in Bermuda, whereas when you buy in the UK you know exactly how much you are getting up front with no hidden surprises when you come to buy.

If you want to send money to a bank account in Bermuda (or anywhere else in the world), you should use a money transfer service to send the funds for you. This is particularly useful for large or regular payments where the exchange rate is important, but you can use a money transfer service to send or receive funds between any overseas bank accounts (for example to pay for goods in Bermuda, or receive Bermudian dollars into your UK bank account).

You can also use your bank to make a Bermudian dollar transfer, but the fees and poor exchange rate make this a costly option that should only be used as a last resort.

Thousands of customers order travel money on our website every week and the vast majority experience no issues whatsoever. However, as with any online order the process is not entirely risk-free and you should exercise caution when sending money to any company, particularly if you pay by bank transfer.

We undertake strict and comprehensive checks on the companies that we feature, and we monitor them all on a regular basis to ensure they continue to meet our high standards. Having said that, no company is too big to fail and we cannot guarantee the solvency of any of the suppliers who appear on our website. For this reason, we recommend that you conduct your own due diligence before placing an order with any company.

In the unlikely event that something does go wrong after you've placed an order, your payment method will determine how you are financially protected. For more information see: Choosing the right payment method.