SILO
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 Silo Finance(SILO) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 SILO at a value of 1 SILO for 5.32 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 Silo Finance currency pair is the SILO to JMD, with for Silo Finance's currency code being SILO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
SILO to JMD conversion rate trend
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In the past 1D, Silo Finance has changed -0.78% to JMD. Based on the trend and price charts, Silo Finance(SILO) has changed -0.78% to JMD while Jamaican Dollar(JMD) has changed % to SILO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $5.27 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/23 00:32:56(UTC+0)
How to buy Silo Finance
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 Silo Finance (SILO)
Use a variety of payment options to buy Silo Finance on Bitget. We'll show you how.
Buy SILO (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of SILO with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy SILO 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 SILO (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of SILO to JMD. However, you can first exchange SILO 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 Silo Finance to Jamaican Dollar?
Silo Finance to Jamaican Dollar is falling this week.Silo Finance's current market price is $ 5.32 per SILO, with a total market cap of $ 0 JMD based on a circulating supply of -- SILO. The trading volume of Silo Finance has changed by -25.01% ($ -511,588.29 JMD) in the last 24 hours. Last trading day, SILO's trading volume was $ 2,045,894.87.
Market cap
$0
24h volume
$9.85K
Circulating supply
0 SILO
Conversion tables
The exchange rate of Silo Finance is decreasing.1 SILO is currently valued at $ 5.32 JMD , which means buying 5 SILO will cost $ 26.6 JMD . Similarly, $1 JMD can be traded for 0.1880 SILO, and $50 JMD can be converted to 9.4 SILO, excluding any platform or gas fees.
The exchange rate of 1 SILO to Jamaican Dollar has changed by -20.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.78%, reaching a high of 5.45 JMD and a low of 5.22 JMD . One month ago, the value of 1 SILO was $ 5.61 JMD , which represents a -5.15% change from its current value. Over the last year, Silo Finance has changed by , resulting in a change of -56.57% in its value.
-$
6.93JMDSILO to JMD
Amount
06:09 am today
0.5 SILO
$2.66
1 SILO
$5.32
5 SILO
$26.6
10 SILO
$53.19
50 SILO
$265.96
100 SILO
$531.92
500 SILO
$2,659.59
1000 SILO
$5,319.18
JMD to SILO
Amount06:09 am today
0.5JMD0.09400 SILO
1JMD0.1880 SILO
5JMD0.9400 SILO
10JMD1.88 SILO
50JMD9.4 SILO
100JMD18.8 SILO
500JMD94 SILO
1000JMD188 SILO
Today vs. 24 hours ago
| Amount | 06:09 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SILO | $0.01707 | $0.01720 | -0.78% |
| 1 SILO | $0.03414 | $0.03441 | -0.78% |
| 5 SILO | $0.1707 | $0.1720 | -0.78% |
| 10 SILO | $0.3414 | $0.3441 | -0.78% |
| 50 SILO | $1.71 | $1.72 | -0.78% |
| 100 SILO | $3.41 | $3.44 | -0.78% |
| 500 SILO | $17.07 | $17.2 | -0.78% |
| 1000 SILO | $34.14 | $34.41 | -0.78% |
Today vs. 1 month ago
| Amount | 06:09 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SILO | $0.01707 | $0.01800 | -5.15% |
| 1 SILO | $0.03414 | $0.03600 | -5.15% |
| 5 SILO | $0.1707 | $0.1800 | -5.15% |
| 10 SILO | $0.3414 | $0.3600 | -5.15% |
| 50 SILO | $1.71 | $1.8 | -5.15% |
| 100 SILO | $3.41 | $3.6 | -5.15% |
| 500 SILO | $17.07 | $18 | -5.15% |
| 1000 SILO | $34.14 | $36 | -5.15% |
Today vs. 1 year ago
| Amount | 06:09 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SILO | $0.01707 | $0.03931 | -56.57% |
| 1 SILO | $0.03414 | $0.07862 | -56.57% |
| 5 SILO | $0.1707 | $0.3931 | -56.57% |
| 10 SILO | $0.3414 | $0.7862 | -56.57% |
| 50 SILO | $1.71 | $3.93 | -56.57% |
| 100 SILO | $3.41 | $7.86 | -56.57% |
| 500 SILO | $17.07 | $39.31 | -56.57% |
| 1000 SILO | $34.14 | $78.62 | -56.57% |
Silo Finance price prediction
What will the price of SILO be in 2025?
Based on SILO's historical price performance prediction model, the price of SILO is projected to reach $0.05158 in 2025.
What will the price of SILO be in 2030?
In 2030, the SILO price is expected to change by -18.00%. By the end of 2030, the SILO price is projected to reach $0.07345, with a cumulative ROI of +114.19%.
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Popular Silo Finance conversions
Check out these popular currency conversions of Silo Finance to several fiat currencies.
Silo Finance to USD
1 SILO to $ 0.03414 USD
Silo Finance to GBP
1 SILO to £ 0.02714 GBP
Silo Finance to EUR
1 SILO to € 0.03269 EUR
Silo Finance to KRW
1 SILO to ₩ 49.54 KRW
Silo Finance to CAD
1 SILO to $ 0.04902 CAD
Silo Finance to AUD
1 SILO to $ 0.05462 AUD
Silo Finance to JPY
1 SILO to ¥ 5.35 JPY
Silo Finance to BRL
1 SILO to R$ 0.2076 BRL
Silo Finance to CNY
1 SILO to ¥ 0.2493 CNY
Silo Finance to TWD
1 SILO to NT$ 1.12 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 Silo Finance 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 Silo Finance 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 Silo Finance 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.
