RED
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 RED(RED) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 RED at a value of 1 RED for 0.18 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 RED currency pair is the RED to JMD, with for RED's currency code being RED. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
RED to JMD conversion rate trend
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In the past 1D, RED has changed -3.12% to JMD. Based on the trend and price charts, RED(RED) has changed -3.12% to JMD while Jamaican Dollar(JMD) has changed % to RED in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.1774 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | $0.1776 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/18 16:00:17(UTC+0)
How to buy RED
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy RED (RED)
Use a variety of payment options to buy RED on Bitget. We'll show you how.
Buy RED (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of RED with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy RED 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 RED (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of RED to JMD. However, you can first exchange RED 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 RED to Jamaican Dollar?
RED to Jamaican Dollar is rising this week.RED's current market price is $ 0.1774 per RED, with a total market cap of $ 0 JMD based on a circulating supply of -- RED. The trading volume of RED has changed by -95.09% ($ -252,474.48 JMD) in the last 24 hours. Last trading day, RED's trading volume was $ 265,524.2.
Market cap
$0
24h volume
$82.59728037
Circulating supply
0 RED
Conversion tables
The exchange rate of RED is increasing.1 RED is currently valued at $ 0.1774 JMD , which means buying 5 RED will cost $ 0.8871 JMD . Similarly, $1 JMD can be traded for 5.64 RED, and $50 JMD can be converted to 281.83 RED, excluding any platform or gas fees.
The exchange rate of 1 RED to Jamaican Dollar has changed by +16.46% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.12%, reaching a high of 0.1832 JMD and a low of 0.1705 JMD . One month ago, the value of 1 RED was $ 0.1407 JMD , which represents a +26.09% change from its current value. Over the last year, RED has changed by , resulting in a change of -38.46% in its value.
-$
0.1109JMDRED to JMD
Amount
23:25 today
0.5 RED
$0.08871
1 RED
$0.1774
5 RED
$0.8871
10 RED
$1.77
50 RED
$8.87
100 RED
$17.74
500 RED
$88.71
1000 RED
$177.41
JMD to RED
Amount23:25 today
0.5JMD2.82 RED
1JMD5.64 RED
5JMD28.18 RED
10JMD56.37 RED
50JMD281.83 RED
100JMD563.65 RED
500JMD2,818.26 RED
1000JMD5,636.52 RED
Today vs. 24 hours ago
| Amount | 23:25 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RED | $0.0005615 | $0.0005796 | -3.12% |
| 1 RED | $0.001123 | $0.001159 | -3.12% |
| 5 RED | $0.005615 | $0.005796 | -3.12% |
| 10 RED | $0.01123 | $0.01159 | -3.12% |
| 50 RED | $0.05615 | $0.05796 | -3.12% |
| 100 RED | $0.1123 | $0.1159 | -3.12% |
| 500 RED | $0.5615 | $0.5796 | -3.12% |
| 1000 RED | $1.12 | $1.16 | -3.12% |
Today vs. 1 month ago
| Amount | 23:25 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RED | $0.0005615 | $0.0004453 | +26.09% |
| 1 RED | $0.001123 | $0.0008906 | +26.09% |
| 5 RED | $0.005615 | $0.004453 | +26.09% |
| 10 RED | $0.01123 | $0.008906 | +26.09% |
| 50 RED | $0.05615 | $0.04453 | +26.09% |
| 100 RED | $0.1123 | $0.08906 | +26.09% |
| 500 RED | $0.5615 | $0.4453 | +26.09% |
| 1000 RED | $1.12 | $0.8906 | +26.09% |
Today vs. 1 year ago
| Amount | 23:25 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RED | $0.0005615 | $0.0009124 | -38.46% |
| 1 RED | $0.001123 | $0.001825 | -38.46% |
| 5 RED | $0.005615 | $0.009124 | -38.46% |
| 10 RED | $0.01123 | $0.01825 | -38.46% |
| 50 RED | $0.05615 | $0.09124 | -38.46% |
| 100 RED | $0.1123 | $0.1825 | -38.46% |
| 500 RED | $0.5615 | $0.9124 | -38.46% |
| 1000 RED | $1.12 | $1.82 | -38.46% |
RED price prediction
What will the price of RED be in 2025?
Based on RED's historical price performance prediction model, the price of RED is projected to reach $0.001793 in 2025.
What will the price of RED be in 2030?
In 2030, the RED price is expected to change by -13.00%. By the end of 2030, the RED price is projected to reach $0.003466, with a cumulative ROI of +208.64%.
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Popular RED conversions
Check out these popular currency conversions of RED to several fiat currencies.
RED to USD
1 RED to $ 0.001123 USD
RED to GBP
1 RED to £ 0.0008857 GBP
RED to EUR
1 RED to € 0.001059 EUR
RED to KRW
1 RED to ₩ 1.56 KRW
RED to CAD
1 RED to $ 0.001574 CAD
RED to AUD
1 RED to $ 0.001725 AUD
RED to JPY
1 RED to ¥ 0.1737 JPY
RED to BRL
1 RED to R$ 0.006454 BRL
RED to CNY
1 RED to ¥ 0.008125 CNY
RED to TWD
1 RED to NT$ 0.03647 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in RED.
XRP to JMD
1 XRP to $ 177.28 JMD
Cardano to JMD
1 ADA to $ 117.41 JMD
Hooked Protocol to JMD
1 HOOK to $ 68.65 JMD
Solana to JMD
1 SOL to $ 37,754.5 JMD
Dogecoin to JMD
1 DOGE to $ 59.03 JMD
Aevo to JMD
1 AEVO to $ 60.67 JMD
Pepe to JMD
1 PEPE to $ 0.003204 JMD
Peanut the Squirrel to JMD
1 PNUT to $ 251.89 JMD
Bonk to JMD
1 BONK to $ 0.007662 JMD
Hedera to JMD
1 HBAR to $ 22.45 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 RED 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 RED 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 RED 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.
