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.
XYO to JMD conversion rate trend
Conversion rate comparison of various exchanges
Exchange | Price | Maker / Taker Fee | Tradable |
---|---|---|---|
BitgetBest | $0.8870 | 0.0200% / 0.0320%VIP 7 | |
Coinbase Exchange | $0.4589 | 0.1000% / 0.1000% | Yes |
Huobi | $0.9739 | 0.1000% / 0.1000% | Yes |
Gate.io | $0.9748 | 0.1000% / 0.1000% | Yes |
KuCoin | $0.9739 | 0.1000% / 0.1000% | Yes |
How to buy XYO
Buy XYO (or USDT) for JMD (Jamaican Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
---|---|---|---|---|
n ninos.finance 340 trades|Completion rate 100.00% | 0.999 USD | Amount50 USDT Limit10 - 25 USD | ||
O OTEDOLA 70 trades|Completion rate 100.00% | 0.999 USD | Amount150 USDT Limit10 - 149.85 USD | ||
P Ponreay_FX 160 trades|Completion rate 99.00% | 1.01 USD | Amount193.35 USDT Limit10 - 195.283 USD | ||
金 金边安欣币行 379 trades|Completion rate 100.00% | 1.01 USD | Amount1424.59 USDT Limit10 - 700 USD | ||
T TreblaIndustries- 32 trades|Completion rate 91.00% | 1.015 USD | Amount700 USDT Limit599.99 - 600 USD |
Sell XYO (or USDT) for JMD (Jamaican Dollar) offers
Merchants (trades/completion rate) | Price | Amount/limit High to low | Payment methods | Zero fees Action |
---|---|---|---|---|
S Suarman Trades 20 trades|Completion rate 95.00% | 1.2 USD | Amount40000 USDT Limit1200 - 46000 USD | ||
R Russiad_BC 24 trades|Completion rate 96.00% | 1.199 USD | Amount3685.83 USDT Limit10 - 4000 USD | ||
R Recharge 41 trades|Completion rate 98.00% | 1.123 USD | Amount1463 USDT Limit10 - 1007 USD | ||
c cR7_trader 2 trades|Completion rate 100.00% | 1.123 USD | Amount4788.74 USDT Limit100 - 5000 USD | ||
B BGUSER-VBXPGM6X 50 trades|Completion rate 93.00% | 1.122 USD | Amount99027.94 USDT Limit10 - 50000 USD |
What factors influence the conversion rate of XYO to Jamaican Dollar?
XYO to Jamaican Dollar is falling this week.Conversion tables
The exchange rate of XYO is decreasing.XYO to JMD
JMD to XYO
Today vs. 24 hours ago
Amount | 09:35 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 XYO | $0.002832 | $0.002864 | -1.15% |
1 XYO | $0.005663 | $0.005729 | -1.15% |
5 XYO | $0.02832 | $0.02864 | -1.15% |
10 XYO | $0.05663 | $0.05729 | -1.15% |
50 XYO | $0.2832 | $0.2864 | -1.15% |
100 XYO | $0.5663 | $0.5729 | -1.15% |
500 XYO | $2.83 | $2.86 | -1.15% |
1000 XYO | $5.66 | $5.73 | -1.15% |
Today vs. 1 month ago
Amount | 09:35 am today | 1 month ago | 1M change |
---|---|---|---|
0.5 XYO | $0.002832 | $0.003580 | -21.11% |
1 XYO | $0.005663 | $0.007159 | -21.11% |
5 XYO | $0.02832 | $0.03580 | -21.11% |
10 XYO | $0.05663 | $0.07159 | -21.11% |
50 XYO | $0.2832 | $0.3580 | -21.11% |
100 XYO | $0.5663 | $0.7159 | -21.11% |
500 XYO | $2.83 | $3.58 | -21.11% |
1000 XYO | $5.66 | $7.16 | -21.11% |
Today vs. 1 year ago
Amount | 09:35 am today | 1 year ago | 1Y change |
---|---|---|---|
0.5 XYO | $0.002832 | $0.001878 | +51.77% |
1 XYO | $0.005663 | $0.003757 | +51.77% |
5 XYO | $0.02832 | $0.01878 | +51.77% |
10 XYO | $0.05663 | $0.03757 | +51.77% |
50 XYO | $0.2832 | $0.1878 | +51.77% |
100 XYO | $0.5663 | $0.3757 | +51.77% |
500 XYO | $2.83 | $1.88 | +51.77% |
1000 XYO | $5.66 | $3.76 | +51.77% |
XYO price prediction
What will the price of XYO be in 2025?
What will the price of XYO be in 2030?
Other crypto price predictions
Convert popular cryptocurrencies
Bitget Earn
APR
Purchase other cryptocurrencies with similar market cap
Popular XYO conversions
Popular cryptocurrencies to JMD
Discover more cryptocurrencies
Latest coin listings on Bitget
FAQ
Buy XYO for 1 JMD
A welcome pack worth 1000 USDT for new Bitgetters!