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VeChain to Jamaican Dollar Converter and calculator

Convert 1VeChain (VET) to Jamaican Dollar (JMD) equals $ 6.32 | 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 VeChain currency pair is the VET to JMD, with for VeChain's currency code being VET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

VET to JMD conversion rate trend

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In the past 1D, VeChain has changed -11.69% to JMD. Based on the trend and price charts, VeChain(VET) has changed -11.69% to JMD while Jamaican Dollar(JMD) has changed % to VET in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$6.32
0.0001% / 0.0004%vip-iconVIP
Binance
$6.32
0.1000% / 0.1000%
Yes
Huobi
$6.32
0.1000% / 0.1000%
Yes
Gate.io
$6.34
0.1000% / 0.1000%
Yes
KuCoin
$6.32
0.1000% / 0.1000%
Yes
Bitfinex
$6.33
0.1000% / 0.1000%
Yes
Last updated 2024/04/16 07:00:29(UTC+0)

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

VeChain to Jamaican Dollar is falling this week.
VeChain's current market price is $ 6.32 per VET, with a total market cap of $ 459,556,229,067.4 JMD based on a circulating supply of 72,714,520,000 VET. The trading volume of VeChain has changed by -20.81% ($ -6,380,782,176.24 JMD) in the last 24 hours. Last trading day, VET's trading volume was $ 30,667,253,868.95.
Market cap
$2.97B
24h volume
$156.84M
Circulating supply
72.71B VET

Conversion tables

The exchange rate of VeChain is increasing.
1 VET is currently valued at $ 6.32 JMD , which means buying 5 VET will cost $ 31.6 JMD . Similarly, $1 JMD can be traded for 0.1582 VET, and $50 JMD can be converted to 7.91 VET, excluding any platform or gas fees.
The exchange rate of 1 VET to Jamaican Dollar has changed by -10.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.69%, reaching a high of 7.17 JMD and a low of 6.03 JMD . One month ago, the value of 1 VET was $ 6 JMD , which represents a +5.42% change from its current value. Over the last year, VeChain has changed by
+$
2.36JMD
, resulting in a change of +59.41% in its value.

VET to JMD

Amount
07:23 am today
0.5 VET
$3.16
1 VET
$6.32
5 VET
$31.6
10 VET
$63.2
50 VET
$316
100 VET
$632
500 VET
$3,160
1000 VET
$6,320.01

JMD to VET

Amount07:23 am today
0.5JMD0.07911  VET
1JMD0.1582  VET
5JMD0.7911  VET
10JMD1.58  VET
50JMD7.91  VET
100JMD15.82  VET
500JMD79.11  VET
1000JMD158.23  VET
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Today vs. 24 hours ago

Amount07:23 am today24 hours ago24h change
0.5 VET$0.02041$0.02311
-11.69%
1 VET$0.04081$0.04622
-11.69%
5 VET$0.2041$0.2311
-11.69%
10 VET$0.4081$0.4622
-11.69%
50 VET$2.04$2.31
-11.69%
100 VET$4.08$4.62
-11.69%
500 VET$20.41$23.11
-11.69%
1000 VET$40.81$46.22
-11.69%

Today vs. 1 month ago

Amount07:23 am today1 month ago1M change
0.5 VET$0.02041$0.01936
+5.42%
1 VET$0.04081$0.03872
+5.42%
5 VET$0.2041$0.1936
+5.42%
10 VET$0.4081$0.3872
+5.42%
50 VET$2.04$1.94
+5.42%
100 VET$4.08$3.87
+5.42%
500 VET$20.41$19.36
+5.42%
1000 VET$40.81$38.72
+5.42%

Today vs. 1 year ago

Amount07:23 am today1 year ago1Y change
0.5 VET$0.02041$0.01280
+59.41%
1 VET$0.04081$0.02560
+59.41%
5 VET$0.2041$0.1280
+59.41%
10 VET$0.4081$0.2560
+59.41%
50 VET$2.04$1.28
+59.41%
100 VET$4.08$2.56
+59.41%
500 VET$20.41$12.8
+59.41%
1000 VET$40.81$25.6
+59.41%

FAQ

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