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Currencies

Countries that use the Convertible Mark

The Convertible Mark was established in 1999 as an official national currency and is used only in Bosnia and Herzegovina. 1 Mark is devided into 100 Fening.

The Convertible Mark is tied to the Euro with a fixed exchange rate. Therefore, 1 Mark always equals to 0.5113 Euro.


ISO 4127:
BAM
Numeric:
977
Symbol:
KM



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1.00 Convertible Mark = 0.50 US Dollar


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Exchange rate history 1 BAM in USD

The graph shown here shows the exchange rate development from January 2016 to September 2022. The exchange rate for 1 BAM developed during this time from USD 0.57 to USD 0.51. In these 81 months it fell by 11.7%.

Convertible Mark as currency

CountryRegion
Bosnia and HerzegovinaSouthern Europe

US Dollar as currency

CountryRegion
American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
GuamMicronesia
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
PalauMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean

Currency reserves for the Convertible Mark

According to the International Monetary Fund, the total broad money (M3) amounted to BAM 28.25 billion at the end of 2020. For currency hedging, reserves were held in a total amount of 14.95 billion Marks. This corresponds to a ratio of 1:1.9. Or in other words: 10 of 19 Marks are deposited with a countervalue, which is internationally already above average.

Approximately 275.63 million Marks (1.8%) of the currency reserves exist in gold reserves, the remainder consists of foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions.

› Worldwide currency and gold reserves



Sources

All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 109 countries compared to the US
United States: EarthquakeRecent earthquakes and their magnitudes in the United StatesEarthquakes and their intensities in the United States