Countries that use the Brunei Dollar
The Brunei Dollar is an official national currency and used only in Brunei. 1 Dollar is devided into 100 Cents.
The Brunei Dollar is tied to the Singapore Dollar
with a fixed exchange rate. Therefore, 1 Dollar always equals to 1.0000 Singapore Dollar.
1.00 Brunei Dollar = 0.74 US Dollar
Exchange rate history 1 BND in USD
Brunei Dollar as currency
Currency reserves for the Brunei Dollar
According to the International Monetary Fund, the total broad money (M3) amounted to BND 14.52 billion at the end of 2017. For currency hedging, reserves were held in a total amount of 4.82 billion Dollars. This corresponds to a ratio of 1:3.0. Or in other words: 1 of 3 Dollars is deposited with a countervalue, which is internationally already above average.
Approximately 260.3 million Dollars (5.4%) 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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