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FERMA to JMD Converter and calculator

FERMA/JMD: 1 FERMA = 13.3 JMD. The price of converting 1 FERMA SOSEDI (FERMA) to Jamaican Dollar (JMD) is 13.3 JMD today.
FERMA
FERMA
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides FERMA to JMD real-time exchange rates, making it easy to convert FERMA SOSEDI (FERMA) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 FERMA is currently valued at 13.30 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 FERMA is currently valued at 13.30 JMD, which means buying 5 FERMA would cost 66.49 JMD. Similarly, $1 JMD can be converted to 0.07520 FERMA, and $50 JMD can be converted to 0.3760 FERMA, excluding any platform or gas fees.

Convert FERMA to JMD

Convert JMD to FERMA

FERMA SOSEDI
Jamaican Dollar
100 FERMA
1,329.77  JMD
200 FERMA
2,659.54  JMD
500 FERMA
6,648.84  JMD
1000 FERMA
13,297.68  JMD
5000 FERMA
66,488.42  JMD
10000 FERMA
132,976.84  JMD
In the table above, you'll find a comprehensive FERMA to JMD converter that shows the value of FERMA SOSEDI in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 FERMA to JMD, all the way up to 10000 FERMA, providing a clear view of their respective values.
Jamaican Dollar
FERMA SOSEDI
50000 JMD
3,760.05 FERMA
100000 JMD
7,520.11 FERMA
In the table above, you'll find a comprehensive JMD to FERMA converter that shows the value of Jamaican Dollar in FERMA SOSEDI across commonly used conversion amounts. The list covers conversions from 1 JMD to FERMA, all the way up to 100000 JMD, providing a clear view of their respective values.

FERMA to JMD chart

FERMA/JMD: 1 FERMA = 13.3 JMD; 2025/04/26 21:49:24
In the past 1D, FERMA SOSEDI has changed -0.76% to JMD. Based on the trend and price charts, FERMA SOSEDI(FERMA) has changed -0.76% to JMD while Jamaican Dollar(JMD) has changed % to FERMA in the last 24 hours.
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FERMA to JMD conversion data: Volatility and price changes of FERMA SOSEDI in JMD

The highest FERMA SOSEDI price in JMD over the past 7 days was 13.49 JMD while the lowest FERMA SOSEDI price in JMD over the past 7 days was 11.84 JMD. The relative change between the highs and lows in FERMA SOSEDI price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and FERMA to JMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
13.43 JMD
13.49 JMD
13.49 JMD
15.18 JMD
Low
13.25 JMD
11.84 JMD
10.54 JMD
10.54 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
-0.76%
+10.44%
+7.88%
-8.15%

FERMA SOSEDI information

FERMA to JMD market statistics

FERMA/JMD:
$13.3
FERMA 24h volume:
$4,736,591.92
FERMA market cap:
--
FERMA circulating supply:
0 FERMA

Current FERMA to JMD exchange rate

FERMA SOSEDI to Jamaican Dollar is rising this week.
FERMA SOSEDI's current market price is $13.3 per FERMA, with a total market cap of $0 JMD based on a circulating supply of -- FERMA. The trading volume of FERMA SOSEDI has changed by -1.64% ($-79,102.60 JMD) in the last 24 hours. Last trading day, FERMA's trading volume was $4,815,694.52.

More info about FERMA SOSEDI on Bitget

Jamaican Dollar 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 FERMA SOSEDI currency pair is the FERMA to JMD, with for FERMA SOSEDI's currency code being FERMA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

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How to convert FERMA to JMD

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FERMA to JMD Conversion tables

The exchange rate of FERMA SOSEDI is increasing.
The exchange rate of 1 FERMA to Jamaican Dollar has changed by +10.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.76%, reaching a high of 13.43 JMD and a low of 13.25 JMD . One month ago, the value of 1 FERMA was $12.33 JMD , which represents a +7.88% change from its current value. Over the last year, FERMA SOSEDI has changed by
-$
4.06JMD
, resulting in a change of -23.38% in its value.
24 hours ago1 month ago1 year ago
Amount21:49 today24 hours ago24h change
0.5 FERMA$6.65$6.7
-0.76%
1 FERMA$13.3$13.4
-0.76%
5 FERMA$66.49$67
-0.76%
10 FERMA$132.98$133.99
-0.76%
50 FERMA$664.88$669.97
-0.76%
100 FERMA$1,329.77$1,339.95
-0.76%
500 FERMA$6,648.84$6,699.73
-0.76%
1000 FERMA$13,297.68$13,399.45
-0.76%

FERMA to JMD FAQ

How much is 1 FERMA SOSEDI in JMD?
Right now, the price of 1 FERMA SOSEDI (FERMA) in Jamaican Dollar (JMD) is $13.3.
How much FERMA can I buy for 1 JMD?
Based on the current exchange rate, you can get 0.07520 FERMA for 1 JMD.
How do I calculate or convert FERMA to JMD?
You can use our FERMA to JMD calculator at the top of this page to convert any amount of FERMA to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 0.3760 FERMA, while 5 FERMA will cost around 66.49JMD.
What is the highest price of FERMA/JMD in history?
The all-time high price of 1 FERMA in JMD is $55.42. It remains to be seen if the value of 1 FERMA/JMD will exceed the current all-time high.
What is the price trend of FERMA SOSEDI in JMD?
Over the past 7 days, the exchange rate of FERMA SOSEDI (FERMA) has gone up by 10.44%.   Over the last month, the exchange rate of FERMA SOSEDI (FERMA) has gone up by 7.88% against Jamaican Dollar (JMD).

What factors influence the conversion rate of FERMA to JMD?

There are many factors that affect the relationship between FERMA SOSEDI and Jamaican Dollar, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of FERMA/JMD. When there is positive news in the market about the widespread adoption of FERMA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of FERMA/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in FERMA/JMD.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of FERMA/JMD. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of FERMA SOSEDI and adjust their investment strategies accordingly in the evolving market.

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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.