Investopedia

Continue to Site »

BND (Brunei Dollar)

Filed Under » ,
Dictionary Says

Definition of 'BND (Brunei Dollar)'

The currency abbreviation, or currency symbol, for the Brunei dollar (BND), the currency for Brunei, which also acceptable tender in Singapore. The Brunei dollar is made up of 100 sen (also known as cents in English) and is often presented with the symbol B$. The dollar is pegged to the Singapore dollar 1:1 and is called the "ringgit Brunei" in the Malay language.
Investopedia Says

Investopedia explains 'BND (Brunei Dollar)'

The Brunei dollar was introduced by the Sultanate of Brunei in 1967. Before 1967, the Malaya and British Borneo dollar was used. According to the Currency Interchangeability Agreement, the Brunei dollar is accepted as customary tender in Singapore. Singapore is one of Brunei's largest trading partners, and having a peg of 1:1 and an interchangeable currency pair greatly reduces exchange rate risk.

Articles Of Interest

  1.

    Currency Exchange: Floating Rate Vs. Fixed Rate

    Baffled by exchange rates? Wonder why some currencies fluctuate while others are pegged? This article has the answers.

  2. Commodity Prices And Currency Movements

    Find out which currencies are most affected by fluctuations in gold and oil prices, and improve your trading.

  3. How are international exchange rates set?

    International currency exchange rates display how much one unit of a currency can be exchanged for another currency. Currency exchange rates can be floating, in which case they change continually ...

  4. 8 Basic Forex Market Concepts

    We go over some of the things you need to understand before you can trade currencies.

  5. Forex: Identifying Trending And Range-Bound Currencies

    Gain a trading edge by learning how macroeconomic forces play out differently for various pairs in the forex market.

  6. A Primer On The Forex Market

    Moving from equities to currencies requires you to adjust how you interpret quotes, margin, spreads and rollovers.

  7. The New World Of Emerging Market Currencies

    Take advantage of foreign currency markets without stepping out of your house.

  8. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  9. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  10. All Weather Investing With ETFs

    All Weather investment strategies can shield investors during the worst bear markets.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  2. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  3. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  4. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  5. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.

  6. Lease To Own

    An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time.
Trading Center