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Stellar to Jamaican Dollar Converter and calculator

Convert 1Stellar (XLM) to Jamaican Dollar (JMD) equals $ 17.89 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Stellar(XLM) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 XLM at a value of 1 XLM for 17.89 JMD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

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 Stellar currency pair is the XLM to JMD, with for Stellar's currency code being XLM. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

XLM to JMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Stellar has changed +1.23% to JMD. Based on the trend and price charts, Stellar(XLM) has changed +1.23% to JMD while Jamaican Dollar(JMD) has changed % to XLM in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$17.87
0.0001% / 0.0004%vip-iconVIP
Binance
$17.87
0.1000% / 0.1000%
Yes
Coinbase Exchange
$17.81
0.1000% / 0.1000%
Yes
OKX
$17.88
0.080% / 0.100%
Yes
Huobi
$17.87
0.1000% / 0.1000%
Yes
Gate.io
$17.87
0.1000% / 0.1000%
Yes
Bybit
$17.88
0.1000% / 0.1000%
Yes
KuCoin
$17.88
0.1000% / 0.1000%
Yes
Bitfinex
$17.89
0.1000% / 0.1000%
Yes
Last updated 2024/04/21 12:00:34(UTC+0)

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

Stellar to Jamaican Dollar is rising this week.
Stellar's current market price is $ 17.89 per XLM, with a total market cap of $ 517,289,419,052.28 JMD based on a circulating supply of 28,910,606,000 XLM. The trading volume of Stellar has changed by -15.46% ($ -1,702,926,792.70 JMD) in the last 24 hours. Last trading day, XLM's trading volume was $ 11,011,987,562.97.
Market cap
$3.33B
24h volume
$59.86M
Circulating supply
28.91B XLM

Conversion tables

The exchange rate of Stellar is decreasing.
1 XLM is currently valued at $ 17.89 JMD , which means buying 5 XLM will cost $ 89.46 JMD . Similarly, $1 JMD can be traded for 0.05589 XLM, and $50 JMD can be converted to 2.79 XLM, excluding any platform or gas fees.
The exchange rate of 1 XLM to Jamaican Dollar has changed by +6.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.23%, reaching a high of 18.17 JMD and a low of 17.62 JMD . One month ago, the value of 1 XLM was $ 20.17 JMD , which represents a -11.30% change from its current value. Over the last year, Stellar has changed by
+$
3.33JMD
, resulting in a change of +22.92% in its value.

XLM to JMD

Amount
12:20 today
0.5 XLM
$8.95
1 XLM
$17.89
5 XLM
$89.46
10 XLM
$178.93
50 XLM
$894.64
100 XLM
$1,789.27
500 XLM
$8,946.36
1000 XLM
$17,892.72

JMD to XLM

Amount12:20 today
0.5JMD0.02794  XLM
1JMD0.05589  XLM
5JMD0.2794  XLM
10JMD0.5589  XLM
50JMD2.79  XLM
100JMD5.59  XLM
500JMD27.94  XLM
1000JMD55.89  XLM
share

Today vs. 24 hours ago

Amount12:20 today24 hours ago24h change
0.5 XLM$0.05753$0.05683
+1.23%
1 XLM$0.1151$0.1137
+1.23%
5 XLM$0.5753$0.5683
+1.23%
10 XLM$1.15$1.14
+1.23%
50 XLM$5.75$5.68
+1.23%
100 XLM$11.51$11.37
+1.23%
500 XLM$57.53$56.83
+1.23%
1000 XLM$115.06$113.66
+1.23%

Today vs. 1 month ago

Amount12:20 today1 month ago1M change
0.5 XLM$0.05753$0.06485
-11.30%
1 XLM$0.1151$0.1297
-11.30%
5 XLM$0.5753$0.6485
-11.30%
10 XLM$1.15$1.3
-11.30%
50 XLM$5.75$6.48
-11.30%
100 XLM$11.51$12.97
-11.30%
500 XLM$57.53$64.85
-11.30%
1000 XLM$115.06$129.7
-11.30%

Today vs. 1 year ago

Amount12:20 today1 year ago1Y change
0.5 XLM$0.05753$0.04681
+22.92%
1 XLM$0.1151$0.09363
+22.92%
5 XLM$0.5753$0.4681
+22.92%
10 XLM$1.15$0.9363
+22.92%
50 XLM$5.75$4.68
+22.92%
100 XLM$11.51$9.36
+22.92%
500 XLM$57.53$46.81
+22.92%
1000 XLM$115.06$93.63
+22.92%

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.