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
1.00 Convertible Mark = 0.56 US Dollar
(date: 01/27/2020)



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Exchange rate history 1 BAM in USD



Convertible Mark as currency

CountryRegion
Bosnia and HerzegovinaSouthern Europe




Currency reserves for the Convertible Mark

According to the International Monetary Fund, the total broad money (M3) amounted to BAM 24.19 billion at the end of 2018. For currency hedging, reserves were held in a total amount of 11.28 billion Marks. This corresponds to a ratio of 1:2.1. Or in other words: 1 of 2 Marks is deposited with a countervalue, which is internationally already above average.

Approximately 203.9 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.

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US Dollar as currency

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