RAFT
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 Raft(RAFT) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 RAFT at a value of 1 RAFT 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 Raft currency pair is the RAFT to JMD, with for Raft's currency code being RAFT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
RAFT to JMD conversion rate trend
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In the past 1D, Raft has changed +3.19% to JMD. Based on the trend and price charts, Raft(RAFT) has changed +3.19% to JMD while Jamaican Dollar(JMD) has changed % to RAFT in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.06851 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | $0.04531 | 0.1000% / 0.1000% | Yes |
Last updated 2024/12/23 08:00:17(UTC+0)
How to buy Raft
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Raft (RAFT)
Use a variety of payment options to buy Raft on Bitget. We'll show you how.
Buy RAFT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of RAFT with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy RAFT 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 RAFT (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of RAFT to JMD. However, you can first exchange RAFT 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 |
|---|
No matching ads found.
What factors influence the conversion rate of Raft to Jamaican Dollar?
Raft to Jamaican Dollar is falling this week.Raft's current market price is $ 0.06851 per RAFT, with a total market cap of $ 0 JMD based on a circulating supply of -- RAFT. The trading volume of Raft has changed by -94.68% ($ -88,620.64 JMD) in the last 24 hours. Last trading day, RAFT's trading volume was $ 93,600.77.
Market cap
$0
24h volume
$31.96572446
Circulating supply
0 RAFT
Conversion tables
The exchange rate of Raft is increasing.1 RAFT is currently valued at $ 0.06851 JMD , which means buying 5 RAFT will cost $ 0.3425 JMD . Similarly, $1 JMD can be traded for 14.6 RAFT, and $50 JMD can be converted to 729.82 RAFT, excluding any platform or gas fees.
The exchange rate of 1 RAFT to Jamaican Dollar has changed by -8.59% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.19%, reaching a high of 0.06859 JMD and a low of 0.06636 JMD . One month ago, the value of 1 RAFT was $ 0.06364 JMD , which represents a +7.65% change from its current value. Over the last year, Raft has changed by , resulting in a change of -76.86% in its value.
-$
0.2274JMDRAFT to JMD
Amount
10:20 am today
0.5 RAFT
$0.03425
1 RAFT
$0.06851
5 RAFT
$0.3425
10 RAFT
$0.6851
50 RAFT
$3.43
100 RAFT
$6.85
500 RAFT
$34.25
1000 RAFT
$68.51
JMD to RAFT
Amount10:20 am today
0.5JMD7.3 RAFT
1JMD14.6 RAFT
5JMD72.98 RAFT
10JMD145.96 RAFT
50JMD729.82 RAFT
100JMD1,459.64 RAFT
500JMD7,298.22 RAFT
1000JMD14,596.44 RAFT
Today vs. 24 hours ago
| Amount | 10:20 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAFT | $0.0002199 | $0.0002131 | +3.19% |
| 1 RAFT | $0.0004397 | $0.0004261 | +3.19% |
| 5 RAFT | $0.002199 | $0.002131 | +3.19% |
| 10 RAFT | $0.004397 | $0.004261 | +3.19% |
| 50 RAFT | $0.02199 | $0.02131 | +3.19% |
| 100 RAFT | $0.04397 | $0.04261 | +3.19% |
| 500 RAFT | $0.2199 | $0.2131 | +3.19% |
| 1000 RAFT | $0.4397 | $0.4261 | +3.19% |
Today vs. 1 month ago
| Amount | 10:20 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAFT | $0.0002199 | $0.0002042 | +7.65% |
| 1 RAFT | $0.0004397 | $0.0004085 | +7.65% |
| 5 RAFT | $0.002199 | $0.002042 | +7.65% |
| 10 RAFT | $0.004397 | $0.004085 | +7.65% |
| 50 RAFT | $0.02199 | $0.02042 | +7.65% |
| 100 RAFT | $0.04397 | $0.04085 | +7.65% |
| 500 RAFT | $0.2199 | $0.2042 | +7.65% |
| 1000 RAFT | $0.4397 | $0.4085 | +7.65% |
Today vs. 1 year ago
| Amount | 10:20 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAFT | $0.0002199 | $0.0009498 | -76.86% |
| 1 RAFT | $0.0004397 | $0.001900 | -76.86% |
| 5 RAFT | $0.002199 | $0.009498 | -76.86% |
| 10 RAFT | $0.004397 | $0.01900 | -76.86% |
| 50 RAFT | $0.02199 | $0.09498 | -76.86% |
| 100 RAFT | $0.04397 | $0.1900 | -76.86% |
| 500 RAFT | $0.2199 | $0.9498 | -76.86% |
| 1000 RAFT | $0.4397 | $1.9 | -76.86% |
Raft price prediction
What will the price of RAFT be in 2025?
Based on RAFT's historical price performance prediction model, the price of RAFT is projected to reach $0.0005975 in 2025.
What will the price of RAFT be in 2030?
In 2030, the RAFT price is expected to change by -18.00%. By the end of 2030, the RAFT price is projected to reach $0.0009214, with a cumulative ROI of +109.53%.
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Popular Raft conversions
Check out these popular currency conversions of Raft to several fiat currencies.
Raft to USD
1 RAFT to $ 0.0004397 USD
Raft to GBP
1 RAFT to £ 0.0003499 GBP
Raft to EUR
1 RAFT to € 0.0004214 EUR
Raft to KRW
1 RAFT to ₩ 0.6387 KRW
Raft to CAD
1 RAFT to $ 0.0006321 CAD
Raft to AUD
1 RAFT to $ 0.0007035 AUD
Raft to JPY
1 RAFT to ¥ 0.06894 JPY
Raft to BRL
1 RAFT to R$ 0.002674 BRL
Raft to CNY
1 RAFT to ¥ 0.003211 CNY
Raft to TWD
1 RAFT to NT$ 0.01439 TWD
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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 Raft 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 Raft 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 Raft 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.
