Countries that use the Convertible MarkThe 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.
List of all currencies
1.00 Convertible Mark = 0.61 US Dollar
↔ Reverse currencies
Exchange rate history 1 BAM in USDThe graph shown here shows the exchange rate development from Januar 2015 to August 2021. The exchange rate for 1 BAM developed during this time from USD 0.57 to USD 0.61. In these 79 months it rose by 6.6%.
Convertible Mark as currency
|Bosnia and Herzegovina||Southern Europe|
US Dollar as currency
|British Virgin Islands||Caribbean|
|El Salvador||Central America|
|East Timor||Southeast Asia|
|Federated States of Micronesia||Micronesia|
|Northern Mariana Islands||Micronesia|
|Turks and Caicos Islands||Caribbean|
|United States||North America|
|British Indian Ocean Territory||Eastern Africa|
|Bonaire, Saint Eustatius and Saba||Caribbean|
Currency reserves for the Convertible MarkAccording to the International Monetary Fund, the total broad money (M3) amounted to BAM 28.25 bn at the end of 2020. For currency hedging, reserves were held in a total amount of 14.95 bn Marks. This corresponds to a ratio of 1:1.9. Or in other words: 1 of 2 Marks is deposited with a countervalue, which is internationally already above average.
Approximately 311.7 m Marks (2.1%) 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