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base info Dai

Dai to Jamaican Dollar Converter and calculator

Convert 1Dai (DAI) to Jamaican Dollar (JMD) equals $ 154.61 | Bitget

JMD information

About Jamaican Dollar (JMD)

The Jamaican Dollar (JMD), introduced in 1969, is not just the currency of Jamaica; it symbolizes the nation's post-independence economic journey and cultural identity. It is commonly abbreviated as JMD and represented by the symbol $.

Historical Background

The Jamaican Dollar was introduced on January 30, 1969, replacing the Jamaican Pound, as Jamaica moved towards decimalization following its independence from Britain in 1962. This shift was a crucial step in asserting Jamaica's economic sovereignty and a departure from its colonial past.

Design and Symbolism

The design of the Jamaican Dollar is a celebration of the nation's rich history and cultural diversity. Banknotes and coins are adorned with portraits of national heroes, such as Marcus Garvey and Nanny of the Maroons, and depict iconic landmarks and scenes representing Jamaica’s natural beauty, such as Dunn's River Falls. These designs serve as a daily reminder of Jamaica’s proud heritage and natural wonders.

Economic Role

The Jamaican Dollar is central to the island's economy, characterized by its tourism sector, bauxite/alumina exports, and agriculture. As the primary medium of exchange, the Jamaican Dollar facilitates trade and commerce, playing a critical role in the economic activities of the nation.

Monetary Policy and Inflation

Managed by the Bank of Jamaica, the Jamaican Dollar has faced challenges such as inflation and devaluation. The central bank's monetary policies aim to stabilize the currency, control inflation, and foster sustainable economic growth. These measures are crucial for maintaining the confidence of both domestic and international investors.

International Trade and the Jamaican Dollar

The Jamaican Dollar's exchange rate plays a significant role in international trade, particularly for Jamaica's key exports and the tourism industry. A stable and competitive exchange rate is essential for maintaining the attractiveness of Jamaican exports and the tourism sector.

Remittances and Economic Impact

Remittances from Jamaicans living abroad, particularly in the United States, United Kingdom, and Canada, are a significant source of foreign income. These funds, converted into Jamaican Dollars, support many families and contribute to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular Dai currency pair is the DAI to JMD, with for Dai's currency code being DAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

DAI to JMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Dai has changed +0.01% to JMD. Based on the trend and price charts, Dai(DAI) has changed +0.01% to JMD while Jamaican Dollar(JMD) has changed % to DAI in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$154.39
0.0001% / 0.0004%vip-iconVIP
Kraken
$154.18
0.1000% / 0.1000%
Yes
OKX
$154.54
0.080% / 0.100%
Yes
Huobi
$154.58
0.1000% / 0.1000%
Yes
Gate.io
$154.31
0.1000% / 0.1000%
Yes
Bybit
$154.39
0.1000% / 0.1000%
Yes
Last updated 2024/04/14 10:00:46(UTC+0)

What factors influence the conversion rate of Dai to Jamaican Dollar?

Dai to Jamaican Dollar is falling this week.
Dai's current market price is $ 154.61 per DAI, with a total market cap of $ 826,855,741,413.06 JMD based on a circulating supply of 5,347,888,600 DAI. The trading volume of Dai has changed by -3.84% ($ -4,879,987,613.30 JMD) in the last 24 hours. Last trading day, DAI's trading volume was $ 126,967,285,372.64.
Market cap
$5.35B
24h volume
$789.59M
Circulating supply
5.35B DAI

Conversion tables

The exchange rate of Dai is increasing.
1 DAI is currently valued at $ 154.61 JMD , which means buying 5 DAI will cost $ 773.07 JMD . Similarly, $1 JMD can be traded for 0.006468 DAI, and $50 JMD can be converted to 0.3234 DAI, excluding any platform or gas fees.
The exchange rate of 1 DAI to Jamaican Dollar has changed by -0.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 154.79 JMD and a low of 154.56 JMD . One month ago, the value of 1 DAI was $ 154.6 JMD , which represents a +0.01% change from its current value. Over the last year, Dai has changed by
-$
0.004215JMD
, resulting in a change of -0.00% in its value.

DAI to JMD

Amount
10:51 am today
0.5 DAI
$77.31
1 DAI
$154.61
5 DAI
$773.07
10 DAI
$1,546.13
50 DAI
$7,730.67
100 DAI
$15,461.35
500 DAI
$77,306.75
1000 DAI
$154,613.5

JMD to DAI

Amount10:51 am today
0.5JMD0.003234  DAI
1JMD0.006468  DAI
5JMD0.03234  DAI
10JMD0.06468  DAI
50JMD0.3234  DAI
100JMD0.6468  DAI
500JMD3.23  DAI
1000JMD6.47  DAI
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Today vs. 24 hours ago

Amount10:51 am today24 hours ago24h change
0.5 DAI$0.5000$0.4999
+0.01%
1 DAI$0.9999$0.9998
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$49.99
+0.01%
100 DAI$99.99$99.98
+0.01%
500 DAI$499.97$499.92
+0.01%
1000 DAI$999.95$999.85
+0.01%

Today vs. 1 month ago

Amount10:51 am today1 month ago1M change
0.5 DAI$0.5000$0.4999
+0.01%
1 DAI$0.9999$0.9998
+0.01%
5 DAI$5$5
+0.01%
10 DAI$10$10
+0.01%
50 DAI$50$49.99
+0.01%
100 DAI$99.99$99.98
+0.01%
500 DAI$499.97$499.92
+0.01%
1000 DAI$999.95$999.84
+0.01%

Today vs. 1 year ago

Amount10:51 am today1 year ago1Y change
0.5 DAI$0.5000$0.5000
-0.00%
1 DAI$0.9999$1.0000
-0.00%
5 DAI$5$5
-0.00%
10 DAI$10$10
-0.00%
50 DAI$50$50
-0.00%
100 DAI$99.99$100
-0.00%
500 DAI$499.97$499.99
-0.00%
1000 DAI$999.95$999.97
-0.00%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.