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 = 0.60 US Dollar
(date: 09/24/2020)



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Exchange rate history 1 BAM in USD

The graph shown here shows the exchange rate development from Januar 2015 to September 2020. The exchange rate for 1 BAM developed during this time from USD 0.59 to USD 0.60. In these 69 months it rose by 1.7%.
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 26.33 billion at the end of 2019. For currency hedging, reserves were held in a total amount of 12.59 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 255.4 million Marks (2.0%) 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

US Dollar as currency

CountryRegion
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East TimorSoutheast Asia
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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