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base info Tether USDt

Tether USDt to Jamaican Dollar Converter and calculator

Convert 1Tether USDt (USDT) to Jamaican Dollar (JMD) equals $ 155.12 | 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 Tether USDt currency pair is the USDT to JMD, with for Tether USDt's currency code being USDT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

USDT to JMD conversion rate trend

1D7D1M3M1YAll
In the past 1D, Tether USDt has changed +0.05% to JMD. Based on the trend and price charts, Tether USDt(USDT) has changed +0.05% to JMD while Jamaican Dollar(JMD) has changed % to USDT in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$155.12
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/04/18 16:51:38(UTC+0)

What factors influence the conversion rate of Tether USDt to Jamaican Dollar?

Tether USDt to Jamaican Dollar is rising this week.
Tether USDt's current market price is $ 155.12 per USDT, with a total market cap of $ 16,912,896,633,550.21 JMD based on a circulating supply of 109,031,965,000 USDT. The trading volume of Tether USDt has changed by -2.56% ($ -278,229,091,864.11 JMD) in the last 24 hours. Last trading day, USDT's trading volume was $ 10,873,420,816,949.63.
Market cap
$109.09B
24h volume
$68.34B
Circulating supply
109.03B USDT

Conversion tables

The exchange rate of Tether USDt is increasing.
1 USDT is currently valued at $ 155.12 JMD , which means buying 5 USDT will cost $ 775.59 JMD . Similarly, $1 JMD can be traded for 0.006447 USDT, and $50 JMD can be converted to 0.3223 USDT, excluding any platform or gas fees.
The exchange rate of 1 USDT to Jamaican Dollar has changed by +0.04% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.05%, reaching a high of 155.3 JMD and a low of 154.97 JMD . One month ago, the value of 1 USDT was $ 155 JMD , which represents a +0.08% change from its current value. Over the last year, Tether USDt has changed by
-$
0.03902JMD
, resulting in a change of -0.03% in its value.

USDT to JMD

Amount
16:51 today
0.5 USDT
$77.56
1 USDT
$155.12
5 USDT
$775.59
10 USDT
$1,551.19
50 USDT
$7,755.93
100 USDT
$15,511.87
500 USDT
$77,559.35
1000 USDT
$155,118.7

JMD to USDT

Amount16:51 today
0.5JMD0.003223  USDT
1JMD0.006447  USDT
5JMD0.03223  USDT
10JMD0.06447  USDT
50JMD0.3223  USDT
100JMD0.6447  USDT
500JMD3.22  USDT
1000JMD6.45  USDT
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Today vs. 24 hours ago

Amount16:51 today24 hours ago24h change
0.5 USDT$0.5003$0.5000
+0.05%
1 USDT$1$1
+0.05%
5 USDT$5$5
+0.05%
10 USDT$10.01$10
+0.05%
50 USDT$50.03$50
+0.05%
100 USDT$100.06$100
+0.05%
500 USDT$500.28$500.02
+0.05%
1000 USDT$1,000.55$1,000.04
+0.05%

Today vs. 1 month ago

Amount16:51 today1 month ago1M change
0.5 USDT$0.5003$0.4999
+0.08%
1 USDT$1$0.9998
+0.08%
5 USDT$5$5
+0.08%
10 USDT$10.01$10
+0.08%
50 USDT$50.03$49.99
+0.08%
100 USDT$100.06$99.98
+0.08%
500 USDT$500.28$499.89
+0.08%
1000 USDT$1,000.55$999.79
+0.08%

Today vs. 1 year ago

Amount16:51 today1 year ago1Y change
0.5 USDT$0.5003$0.5004
-0.03%
1 USDT$1$1
-0.03%
5 USDT$5$5
-0.03%
10 USDT$10.01$10.01
-0.03%
50 USDT$50.03$50.04
-0.03%
100 USDT$100.06$100.08
-0.03%
500 USDT$500.28$500.4
-0.03%
1000 USDT$1,000.55$1,000.81
-0.03%

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.