DEFIT
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 DEFIT(DEFIT) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 DEFIT at a value of 1 DEFIT for 12.06 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 DEFIT currency pair is the DEFIT to JMD, with for DEFIT's currency code being DEFIT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
DEFIT to JMD conversion rate trend
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In the past 1D, DEFIT has changed +1.86% to JMD. Based on the trend and price charts, DEFIT(DEFIT) has changed +1.86% to JMD while Jamaican Dollar(JMD) has changed % to DEFIT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $11.84 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/23 08:31:01(UTC+0)
How to buy DEFIT
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy DEFIT (DEFIT)
Use a variety of payment options to buy DEFIT on Bitget. We'll show you how.
Buy DEFIT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of DEFIT with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy DEFIT 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 DEFIT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of DEFIT to JMD. However, you can first exchange DEFIT 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 DEFIT to Jamaican Dollar?
DEFIT to Jamaican Dollar is falling this week.DEFIT's current market price is $ 12.06 per DEFIT, with a total market cap of $ 358,914,018.9 JMD based on a circulating supply of 29,764,368 DEFIT. The trading volume of DEFIT has changed by -50.00% ($ -591,314.81 JMD) in the last 24 hours. Last trading day, DEFIT's trading volume was $ 1,182,662.73.
Market cap
$2.30M
24h volume
$3.80K
Circulating supply
29.76M DEFIT
Conversion tables
The exchange rate of DEFIT is decreasing.1 DEFIT is currently valued at $ 12.06 JMD , which means buying 5 DEFIT will cost $ 60.29 JMD . Similarly, $1 JMD can be traded for 0.08293 DEFIT, and $50 JMD can be converted to 4.15 DEFIT, excluding any platform or gas fees.
The exchange rate of 1 DEFIT to Jamaican Dollar has changed by -17.06% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.86%, reaching a high of 12.13 JMD and a low of 11.84 JMD . One month ago, the value of 1 DEFIT was $ 20.65 JMD , which represents a -41.60% change from its current value. Over the last year, DEFIT has changed by , resulting in a change of -32.23% in its value.
-$
5.74JMDDEFIT to JMD
Amount
12:43 today
0.5 DEFIT
$6.03
1 DEFIT
$12.06
5 DEFIT
$60.29
10 DEFIT
$120.59
50 DEFIT
$602.93
100 DEFIT
$1,205.85
500 DEFIT
$6,029.26
1000 DEFIT
$12,058.51
JMD to DEFIT
Amount12:43 today
0.5JMD0.04146 DEFIT
1JMD0.08293 DEFIT
5JMD0.4146 DEFIT
10JMD0.8293 DEFIT
50JMD4.15 DEFIT
100JMD8.29 DEFIT
500JMD41.46 DEFIT
1000JMD82.93 DEFIT
Today vs. 24 hours ago
| Amount | 12:43 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 DEFIT | $0.03870 | $0.03799 | +1.86% |
| 1 DEFIT | $0.07740 | $0.07598 | +1.86% |
| 5 DEFIT | $0.3870 | $0.3799 | +1.86% |
| 10 DEFIT | $0.7740 | $0.7598 | +1.86% |
| 50 DEFIT | $3.87 | $3.8 | +1.86% |
| 100 DEFIT | $7.74 | $7.6 | +1.86% |
| 500 DEFIT | $38.7 | $37.99 | +1.86% |
| 1000 DEFIT | $77.4 | $75.98 | +1.86% |
Today vs. 1 month ago
| Amount | 12:43 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 DEFIT | $0.03870 | $0.06627 | -41.60% |
| 1 DEFIT | $0.07740 | $0.1325 | -41.60% |
| 5 DEFIT | $0.3870 | $0.6627 | -41.60% |
| 10 DEFIT | $0.7740 | $1.33 | -41.60% |
| 50 DEFIT | $3.87 | $6.63 | -41.60% |
| 100 DEFIT | $7.74 | $13.25 | -41.60% |
| 500 DEFIT | $38.7 | $66.27 | -41.60% |
| 1000 DEFIT | $77.4 | $132.54 | -41.60% |
Today vs. 1 year ago
| Amount | 12:43 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 DEFIT | $0.03870 | $0.05711 | -32.23% |
| 1 DEFIT | $0.07740 | $0.1142 | -32.23% |
| 5 DEFIT | $0.3870 | $0.5711 | -32.23% |
| 10 DEFIT | $0.7740 | $1.14 | -32.23% |
| 50 DEFIT | $3.87 | $5.71 | -32.23% |
| 100 DEFIT | $7.74 | $11.42 | -32.23% |
| 500 DEFIT | $38.7 | $57.11 | -32.23% |
| 1000 DEFIT | $77.4 | $114.21 | -32.23% |
DEFIT price prediction
What will the price of DEFIT be in 2025?
Based on DEFIT's historical price performance prediction model, the price of DEFIT is projected to reach $0.09598 in 2025.
What will the price of DEFIT be in 2030?
In 2030, the DEFIT price is expected to change by -19.00%. By the end of 2030, the DEFIT price is projected to reach $0.1891, with a cumulative ROI of +146.49%.
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Popular DEFIT conversions
Check out these popular currency conversions of DEFIT to several fiat currencies.
DEFIT to USD
1 DEFIT to $ 0.07740 USD
DEFIT to GBP
1 DEFIT to £ 0.06160 GBP
DEFIT to EUR
1 DEFIT to € 0.07437 EUR
DEFIT to KRW
1 DEFIT to ₩ 112.39 KRW
DEFIT to CAD
1 DEFIT to $ 0.1114 CAD
DEFIT to AUD
1 DEFIT to $ 0.1237 AUD
DEFIT to JPY
1 DEFIT to ¥ 12.13 JPY
DEFIT to BRL
1 DEFIT to R$ 0.4710 BRL
DEFIT to CNY
1 DEFIT to ¥ 0.5655 CNY
DEFIT to TWD
1 DEFIT to NT$ 2.53 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in DEFIT.
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Aave to JMD
1 AAVE to $ 52,550.31 JMD
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1 QKC to $ 1.84 JMD
Peanut the Squirrel to JMD
1 PNUT to $ 107.92 JMD
Steem to JMD
1 STEEM to $ 42.07 JMD
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1 FXS to $ 504.08 JMD
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1 HIVE to $ 55.78 JMD
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Algorand to JMD
1 ALGO to $ 56.42 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 DEFIT 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 DEFIT 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 DEFIT 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.
