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:
BAMNumeric:
977Symbol:
KMList of all currencies
Exchange rate history 1 BAM in USD
The graph shown here shows the exchange rate development from Januar 2015 to April 2021. The exchange rate for 1 BAM developed during this time from USD 0.55 to USD 0.61. In these 75 months it rose by 10.2%.US Dollar as currency
| Country | Region |
|---|---|
| American Samoa | Polynesia |
| British Virgin Islands | Caribbean |
| Ecuador | South America |
| El Salvador | Central America |
| Guam | Micronesia |
| East Timor | Southeast Asia |
| Marshall Islands | Micronesia |
| Federated States of Micronesia | Micronesia |
| Palau | Micronesia |
| Northern Mariana Islands | Micronesia |
| Puerto Rico | Caribbean |
| Turks and Caicos Islands | Caribbean |
| United States | North America |
| Virgin Islands | Caribbean |
| British Indian Ocean Territory | Eastern Africa |
| Bonaire, Saint Eustatius and Saba | Caribbean |
Currency reserves for the Convertible Mark
According to the International Monetary Fund, the total broad money (M3) amounted to BAM 26.33 bn at the end of 2019. For currency hedging, reserves were held in a total amount of 12.59 bn 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 m 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.
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Currency and gold reserves worldwide
Bosnia and Herzegovina: country data and statistics
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