REL
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 Relation Labs(REL) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 REL at a value of 1 REL for 0.07 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 Relation Labs currency pair is the REL to JMD, with for Relation Labs's currency code being REL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
REL to JMD conversion rate trend
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In the past 1D, Relation Labs has changed +16.18% to JMD. Based on the trend and price charts, Relation Labs(REL) has changed +16.18% to JMD while Jamaican Dollar(JMD) has changed % to REL in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.07114 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/11/22 16:32:32(UTC+0)
How to buy Relation Labs
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Buy Relation Labs (REL)
Use a variety of payment options to buy Relation Labs on Bitget. We'll show you how.
Buy REL (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of REL with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy REL 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 REL (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of REL to JMD. However, you can first exchange REL 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 Relation Labs to Jamaican Dollar?
Relation Labs to Jamaican Dollar is rising this week.Relation Labs's current market price is $ 0.07117 per REL, with a total market cap of $ 0 JMD based on a circulating supply of -- REL. The trading volume of Relation Labs has changed by +6.81% ($ 628,276.32 JMD) in the last 24 hours. Last trading day, REL's trading volume was $ 9,226,874.18.
Market cap
$0
24h volume
$61.82K
Circulating supply
0 REL
Conversion tables
The exchange rate of Relation Labs is increasing.1 REL is currently valued at $ 0.07117 JMD , which means buying 5 REL will cost $ 0.3559 JMD . Similarly, $1 JMD can be traded for 14.05 REL, and $50 JMD can be converted to 702.5 REL, excluding any platform or gas fees.
The exchange rate of 1 REL to Jamaican Dollar has changed by +21.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by +16.18%, reaching a high of 0.07162 JMD and a low of 0.05949 JMD . One month ago, the value of 1 REL was $ 0.06766 JMD , which represents a +5.19% change from its current value. Over the last year, Relation Labs has changed by , resulting in a change of -95.93% in its value.
-$
1.68JMDREL to JMD
Amount
16:39 today
0.5 REL
$0.03559
1 REL
$0.07117
5 REL
$0.3559
10 REL
$0.7117
50 REL
$3.56
100 REL
$7.12
500 REL
$35.59
1000 REL
$71.17
JMD to REL
Amount16:39 today
0.5JMD7.03 REL
1JMD14.05 REL
5JMD70.25 REL
10JMD140.5 REL
50JMD702.5 REL
100JMD1,405.01 REL
500JMD7,025.05 REL
1000JMD14,050.1 REL
Today vs. 24 hours ago
| Amount | 16:39 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 REL | $0.0002232 | $0.0001921 | +16.18% |
| 1 REL | $0.0004464 | $0.0003843 | +16.18% |
| 5 REL | $0.002232 | $0.001921 | +16.18% |
| 10 REL | $0.004464 | $0.003843 | +16.18% |
| 50 REL | $0.02232 | $0.01921 | +16.18% |
| 100 REL | $0.04464 | $0.03843 | +16.18% |
| 500 REL | $0.2232 | $0.1921 | +16.18% |
| 1000 REL | $0.4464 | $0.3843 | +16.18% |
Today vs. 1 month ago
| Amount | 16:39 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 REL | $0.0002232 | $0.0002122 | +5.19% |
| 1 REL | $0.0004464 | $0.0004244 | +5.19% |
| 5 REL | $0.002232 | $0.002122 | +5.19% |
| 10 REL | $0.004464 | $0.004244 | +5.19% |
| 50 REL | $0.02232 | $0.02122 | +5.19% |
| 100 REL | $0.04464 | $0.04244 | +5.19% |
| 500 REL | $0.2232 | $0.2122 | +5.19% |
| 1000 REL | $0.4464 | $0.4244 | +5.19% |
Today vs. 1 year ago
| Amount | 16:39 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 REL | $0.0002232 | $0.005478 | -95.93% |
| 1 REL | $0.0004464 | $0.01096 | -95.93% |
| 5 REL | $0.002232 | $0.05478 | -95.93% |
| 10 REL | $0.004464 | $0.1096 | -95.93% |
| 50 REL | $0.02232 | $0.5478 | -95.93% |
| 100 REL | $0.04464 | $1.1 | -95.93% |
| 500 REL | $0.2232 | $5.48 | -95.93% |
| 1000 REL | $0.4464 | $10.96 | -95.93% |
Relation Labs price prediction
What will the price of REL be in 2025?
Based on REL's historical price performance prediction model, the price of REL is projected to reach $0.001702 in 2025.
What will the price of REL be in 2030?
In 2030, the REL price is expected to change by -20.00%. By the end of 2030, the REL price is projected to reach $0.004369, with a cumulative ROI of +1050.54%.
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Popular Relation Labs conversions
Check out these popular currency conversions of Relation Labs to several fiat currencies.
Relation Labs to USD
1 REL to $ 0.0004464 USD
Relation Labs to GBP
1 REL to £ 0.0003565 GBP
Relation Labs to EUR
1 REL to € 0.0004289 EUR
Relation Labs to KRW
1 REL to ₩ 0.6276 KRW
Relation Labs to CAD
1 REL to $ 0.0006242 CAD
Relation Labs to AUD
1 REL to $ 0.0006880 AUD
Relation Labs to JPY
1 REL to ¥ 0.06912 JPY
Relation Labs to BRL
1 REL to R$ 0.002592 BRL
Relation Labs to CNY
1 REL to ¥ 0.003237 CNY
Relation Labs to TWD
1 REL to NT$ 0.01455 TWD
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1 TAI to $ 31.62 JMD
EGO to JMD
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Just a chill guy to JMD
1 CHILLGUY to $ 64.81 JMD
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1 SAI to $ 5.73 JMD
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1 XRP to $ 233.45 JMD
Stellar to JMD
1 XLM to $ 48.07 JMD
Solana to JMD
1 SOL to $ 40,754.48 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 Relation Labs 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 Relation Labs 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 Relation Labs 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.
