ROOT
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 The Root Network(ROOT) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 ROOT at a value of 1 ROOT for 5.35 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 The Root Network currency pair is the ROOT to JMD, with for The Root Network's currency code being ROOT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
ROOT to JMD conversion rate trend
1D7D1M3M1YAll
In the past 1D, The Root Network has changed +8.21% to JMD. Based on the trend and price charts, The Root Network(ROOT) has changed +8.21% to JMD while Jamaican Dollar(JMD) has changed % to ROOT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $4.8 | 0.0200% / 0.0320%  VIP 7 | |
Huobi | $4.82 | 0.1000% / 0.1000% | Yes |
Gate.io | $4.83 | 0.1000% / 0.1000% | Yes |
Bybit | $4.82 | 0.1000% / 0.1000% | Yes |
KuCoin | $4.81 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/22 16:00:15(UTC+0)
How to buy The Root Network
Create Your Free Bitget Account
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy The Root Network (ROOT)
Use a variety of payment options to buy The Root Network on Bitget. We'll show you how.
Learn MoreBuy ROOT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of ROOT with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy ROOT 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 ROOT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of ROOT to JMD. However, you can first exchange ROOT 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 The Root Network to Jamaican Dollar?
The Root Network to Jamaican Dollar is falling this week.The Root Network's current market price is $ 5.35 per ROOT, with a total market cap of $ 7,741,426,120.93 JMD based on a circulating supply of 1,446,820,500 ROOT. The trading volume of The Root Network has changed by -32.46% ($ -300,377,928.01 JMD) in the last 24 hours. Last trading day, ROOT's trading volume was $ 925,281,788.13.
Market cap
$49.68M
24h volume
$4.01M
Circulating supply
1.45B ROOT
Conversion tables
The exchange rate of The Root Network is increasing.1 ROOT is currently valued at $ 5.35 JMD , which means buying 5 ROOT will cost $ 26.75 JMD . Similarly, $1 JMD can be traded for 0.1869 ROOT, and $50 JMD can be converted to 9.34 ROOT, excluding any platform or gas fees.
The exchange rate of 1 ROOT to Jamaican Dollar has changed by -14.85% in the last 7 days. In the last 24 hours, the rate has fluctuated by +8.21%, reaching a high of 5.35 JMD and a low of 4.77 JMD . One month ago, the value of 1 ROOT was $ 5.3 JMD , which represents a +0.90% change from its current value. Over the last year, The Root Network has changed by , resulting in a change of -22.99% in its value.
-$
1.59JMDROOT to JMD
Amount
21:04 today
0.5 ROOT
$2.68
1 ROOT
$5.35
5 ROOT
$26.75
10 ROOT
$53.51
50 ROOT
$267.53
100 ROOT
$535.06
500 ROOT
$2,675.32
1000 ROOT
$5,350.65
JMD to ROOT
Amount21:04 today
0.5JMD0.09345 ROOT
1JMD0.1869 ROOT
5JMD0.9345 ROOT
10JMD1.87 ROOT
50JMD9.34 ROOT
100JMD18.69 ROOT
500JMD93.45 ROOT
1000JMD186.89 ROOT
Today vs. 24 hours ago
| Amount | 21:04 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 ROOT | $0.01717 | $0.01587 | +8.21% |
| 1 ROOT | $0.03434 | $0.03174 | +8.21% |
| 5 ROOT | $0.1717 | $0.1587 | +8.21% |
| 10 ROOT | $0.3434 | $0.3174 | +8.21% |
| 50 ROOT | $1.72 | $1.59 | +8.21% |
| 100 ROOT | $3.43 | $3.17 | +8.21% |
| 500 ROOT | $17.17 | $15.87 | +8.21% |
| 1000 ROOT | $34.34 | $31.74 | +8.21% |
Today vs. 1 month ago
| Amount | 21:04 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 ROOT | $0.01717 | $0.01702 | +0.90% |
| 1 ROOT | $0.03434 | $0.03403 | +0.90% |
| 5 ROOT | $0.1717 | $0.1702 | +0.90% |
| 10 ROOT | $0.3434 | $0.3403 | +0.90% |
| 50 ROOT | $1.72 | $1.7 | +0.90% |
| 100 ROOT | $3.43 | $3.4 | +0.90% |
| 500 ROOT | $17.17 | $17.02 | +0.90% |
| 1000 ROOT | $34.34 | $34.03 | +0.90% |
Today vs. 1 year ago
| Amount | 21:04 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 ROOT | $0.01717 | $0.02227 | -22.99% |
| 1 ROOT | $0.03434 | $0.04455 | -22.99% |
| 5 ROOT | $0.1717 | $0.2227 | -22.99% |
| 10 ROOT | $0.3434 | $0.4455 | -22.99% |
| 50 ROOT | $1.72 | $2.23 | -22.99% |
| 100 ROOT | $3.43 | $4.45 | -22.99% |
| 500 ROOT | $17.17 | $22.27 | -22.99% |
| 1000 ROOT | $34.34 | $44.55 | -22.99% |
The Root Network price prediction
What will the price of ROOT be in 2025?
Based on ROOT's historical price performance prediction model, the price of ROOT is projected to reach $0.04309 in 2025.
What will the price of ROOT be in 2030?
In 2030, the ROOT price is expected to change by -16.00%. By the end of 2030, the ROOT price is projected to reach $0.05327, with a cumulative ROI of +84.95%.
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Popular The Root Network conversions
Check out these popular currency conversions of The Root Network to several fiat currencies.
The Root Network to USD
1 ROOT to $ 0.03434 USD
The Root Network to GBP
1 ROOT to £ 0.02733 GBP
The Root Network to EUR
1 ROOT to € 0.03291 EUR
The Root Network to KRW
1 ROOT to ₩ 49.66 KRW
The Root Network to CAD
1 ROOT to $ 0.04931 CAD
The Root Network to AUD
1 ROOT to $ 0.05484 AUD
The Root Network to JPY
1 ROOT to ¥ 5.37 JPY
The Root Network to BRL
1 ROOT to R$ 0.2090 BRL
The Root Network to CNY
1 ROOT to ¥ 0.2506 CNY
The Root Network to TWD
1 ROOT to NT$ 1.12 TWD
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Explore other cryptocurrencies based on your interest in The Root Network.
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1 PNUT to $ 112.28 JMD
BitTorrent [New] to JMD
1 BTT to $ 0.0001746 JMD
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FTX Token to JMD
1 FTT to $ 446.73 JMD
Just a chill guy to JMD
1 CHILLGUY to $ 28.69 JMD
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1 SHOGGOTH to $ 8.1 JMD
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Steem to JMD
1 STEEM to $ 35.32 JMD
LUCE to JMD
1 LUCE to $ 14.01 JMD
IDEX to JMD
1 IDEX to $ 9.48 JMD
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1 LPT to $ 2,376.19 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 The Root Network 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 The Root Network 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 The Root Network 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.
