BAL
JMD
Last updated 2023/09/01 02:23:05 (UTC+0)Refresh
Want to display this on your website?Bitget converter offers real-time exchange rates, allowing for easy conversion of Balancer(BAL) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 BAL at a value of 1 BAL for 377.88 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.
Bitget crypto-to-fiat exchange data shows that the most popular Balancer currency pair is the BAL to JMD, with for Balancer's currency code being BAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
BAL to JMD conversion rate trend
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In the past 1D, Balancer has changed +6.47% to JMD. Based on the trend and price charts, Balancer(BAL) has changed +6.47% to JMD while Jamaican Dollar(JMD) has changed % to BAL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $356.56 | 0.0200% / 0.0320%  VIP 7 | |
Binance | $360.96 | 0.1000% / 0.1000% | Yes |
OKX | $360.8 | 0.080% / 0.100% | Yes |
Huobi | $360.34 | 0.1000% / 0.1000% | Yes |
Gate.io | $360.01 | 0.1000% / 0.1000% | Yes |
KuCoin | $360.64 | 0.1000% / 0.1000% | Yes |
Bitfinex | $331.17 | 0.1000% / 0.1000% | Yes |
Last updated 2024/08/30 01:00:18(UTC+0)
How to buy Balancer
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Buy Balancer (BAL)
Use a variety of payment options to buy Balancer on Bitget. We'll show you how.
Learn MoreBuy BAL (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of BAL with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy BAL with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
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Sell BAL (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of BAL to JMD. However, you can first exchange BAL for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
| Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
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What factors influence the conversion rate of Balancer to Jamaican Dollar?
Balancer to Jamaican Dollar is rising this week.Balancer's current market price is $ 377.88 per BAL, with a total market cap of $ 23,024,509,663.17 JMD based on a circulating supply of 60,931,540 BAL. The trading volume of Balancer has changed by +45.13% ($ 759,328,779.87 JMD) in the last 24 hours. Last trading day, BAL's trading volume was $ 1,682,424,788.67.
Market cap
$144.99M
24h volume
$15.38M
Circulating supply
60.93M BAL
Conversion tables
The exchange rate of Balancer is increasing.1 BAL is currently valued at $ 377.88 JMD , which means buying 5 BAL will cost $ 1,889.38 JMD . Similarly, $1 JMD can be traded for 0.002646 BAL, and $50 JMD can be converted to 0.1323 BAL, excluding any platform or gas fees.
The exchange rate of 1 BAL to Jamaican Dollar has changed by +15.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by +6.47%, reaching a high of 387.28 JMD and a low of 337.52 JMD . One month ago, the value of 1 BAL was $ 325.03 JMD , which represents a +16.26% change from its current value. Over the last year, Balancer has changed by , resulting in a change of -33.28% in its value.
-$
188.54JMDBAL to JMD
Amount
15:24 today
0.5 BAL
$188.94
1 BAL
$377.88
5 BAL
$1,889.38
10 BAL
$3,778.75
50 BAL
$18,893.75
100 BAL
$37,787.51
500 BAL
$188,937.54
1000 BAL
$377,875.07
JMD to BAL
Amount15:24 today
0.5JMD0.001323 BAL
1JMD0.002646 BAL
5JMD0.01323 BAL
10JMD0.02646 BAL
50JMD0.1323 BAL
100JMD0.2646 BAL
500JMD1.32 BAL
1000JMD2.65 BAL
Today vs. 24 hours ago
| Amount | 15:24 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 BAL | $1.19 | $1.12 | +6.47% |
| 1 BAL | $2.38 | $2.23 | +6.47% |
| 5 BAL | $11.9 | $11.17 | +6.47% |
| 10 BAL | $23.8 | $22.35 | +6.47% |
| 50 BAL | $118.98 | $111.74 | +6.47% |
| 100 BAL | $237.95 | $223.48 | +6.47% |
| 500 BAL | $1,189.76 | $1,117.42 | +6.47% |
| 1000 BAL | $2,379.51 | $2,234.83 | +6.47% |
Today vs. 1 month ago
| Amount | 15:24 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 BAL | $1.19 | $1.02 | +16.26% |
| 1 BAL | $2.38 | $2.05 | +16.26% |
| 5 BAL | $11.9 | $10.23 | +16.26% |
| 10 BAL | $23.8 | $20.47 | +16.26% |
| 50 BAL | $118.98 | $102.34 | +16.26% |
| 100 BAL | $237.95 | $204.68 | +16.26% |
| 500 BAL | $1,189.76 | $1,023.38 | +16.26% |
| 1000 BAL | $2,379.51 | $2,046.76 | +16.26% |
Today vs. 1 year ago
| Amount | 15:24 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 BAL | $1.19 | $1.78 | -33.28% |
| 1 BAL | $2.38 | $3.57 | -33.28% |
| 5 BAL | $11.9 | $17.83 | -33.28% |
| 10 BAL | $23.8 | $35.67 | -33.28% |
| 50 BAL | $118.98 | $178.34 | -33.28% |
| 100 BAL | $237.95 | $356.68 | -33.28% |
| 500 BAL | $1,189.76 | $1,783.39 | -33.28% |
| 1000 BAL | $2,379.51 | $3,566.79 | -33.28% |
Balancer price prediction
What will the price of BAL be in 2025?
Based on BAL's historical price performance prediction model, the price of BAL is projected to reach $2.53 in 2025.
What will the price of BAL be in 2030?
In 2030, the BAL price is expected to change by -10.00%. By the end of 2030, the BAL price is projected to reach $4.29, with a cumulative ROI of +86.31%.
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Popular Balancer conversions
Check out these popular currency conversions of Balancer to several fiat currencies.
Balancer to USD
1 BAL to $ 2.38 USD
Balancer to GBP
1 BAL to £ 1.88 GBP
Balancer to EUR
1 BAL to € 2.26 EUR
Balancer to KRW
1 BAL to ₩ 3,327.07 KRW
Balancer to CAD
1 BAL to $ 3.32 CAD
Balancer to AUD
1 BAL to $ 3.65 AUD
Balancer to JPY
1 BAL to ¥ 367.73 JPY
Balancer to BRL
1 BAL to R$ 13.87 BRL
Balancer to CNY
1 BAL to ¥ 17.24 CNY
Balancer to TWD
1 BAL to NT$ 77.47 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Balancer.
MAD to JMD
1 MAD to $ -- JMD
XRP to JMD
1 XRP to $ 177.76 JMD
EGO to JMD
1 EGO to $ 4.05 JMD
Sharpe AI to JMD
1 SAI to $ 5.23 JMD
Solana to JMD
1 SOL to $ 39,519.24 JMD
Bitcoin to JMD
1 BTC to $ 15,411,264.31 JMD
Dogecoin to JMD
1 DOGE to $ 61.18 JMD
Pepe to JMD
1 PEPE to $ 0.003271 JMD
Peanut the Squirrel to JMD
1 PNUT to $ 230.5 JMD
Sui to JMD
1 SUI to $ 572.01 JMD
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FAQ
What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Balancer and JMD.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Balancer and JMD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Balancer in JMD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.
