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FAKT to JMD Converter and calculator

FAKT/JMD: 1 FAKT = 0.05936 JMD. The price of converting 1 Medifakt (FAKT) to Jamaican Dollar (JMD) is 0.05936 JMD today.
FAKT
FAKT
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides FAKT to JMD real-time exchange rates, making it easy to convert Medifakt (FAKT) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 FAKT is currently valued at 0.05936 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 FAKT is currently valued at 0.05936 JMD, which means buying 5 FAKT would cost 0.2968 JMD. Similarly, $1 JMD can be converted to 16.85 FAKT, and $50 JMD can be converted to 84.24 FAKT, excluding any platform or gas fees.

Convert FAKT to JMD

Convert JMD to FAKT

Medifakt
Jamaican Dollar
5000 FAKT
296.78  JMD
10000 FAKT
593.55  JMD
In the table above, you'll find a comprehensive FAKT to JMD converter that shows the value of Medifakt in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 FAKT to JMD, all the way up to 10000 FAKT, providing a clear view of their respective values.
Jamaican Dollar
Medifakt
1000 JMD
16,847.74 FAKT
2000 JMD
33,695.48 FAKT
10000 JMD
168,477.41 FAKT
50000 JMD
842,387.03 FAKT
100000 JMD
1,684,774.07 FAKT
In the table above, you'll find a comprehensive JMD to FAKT converter that shows the value of Jamaican Dollar in Medifakt across commonly used conversion amounts. The list covers conversions from 1 JMD to FAKT, all the way up to 100000 JMD, providing a clear view of their respective values.

FAKT to JMD chart

FAKT/JMD: 1 FAKT = 0.05936 JMD; 2025/06/14 18:24:36
In the past 1D, Medifakt has changed -1.10% to JMD. Based on the trend and price charts, Medifakt(FAKT) has changed -1.10% to JMD while Jamaican Dollar(JMD) has changed % to FAKT in the last 24 hours.
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FAKT to JMD conversion data: Volatility and price changes of Medifakt in JMD

The highest Medifakt price in JMD over the past 7 days was 0.06875 JMD while the lowest Medifakt price in JMD over the past 7 days was 0.05427 JMD. The relative change between the highs and lows in Medifakt price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and FAKT to JMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.06069 JMD
0.06875 JMD
0.09789 JMD
0.1064 JMD
Low
0.05931 JMD
0.05427 JMD
0.04911 JMD
0.04911 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
-1.10%
-2.60%
-15.82%
-38.69%

Medifakt information

FAKT to JMD market statistics

FAKT/JMD:
$0.05936
FAKT 24h volume:
$31,019,231.44
FAKT market cap:
--
FAKT circulating supply:
0 FAKT

Current FAKT to JMD exchange rate

Medifakt to Jamaican Dollar is falling this week.
Medifakt's current market price is $0.05936 per FAKT, with a total market cap of $0 JMD based on a circulating supply of -- FAKT. The trading volume of Medifakt has changed by -4.53% ($-1,472,968.92 JMD) in the last 24 hours. Last trading day, FAKT's trading volume was $32,492,200.36.

More info about Medifakt 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 Medifakt currency pair is the FAKT to JMD, with for Medifakt's currency code being FAKT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

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How to convert FAKT to JMD

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Convert FAKT to JMD
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Bitget P2P trading does not currently support direct buying of FAKT with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy FAKT with USDT via Bitget spot market.
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FAKT to JMD Conversion tables

The exchange rate of Medifakt is decreasing.
The exchange rate of 1 FAKT to Jamaican Dollar has changed by -2.60% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.10%, reaching a high of 0.06069 JMD and a low of 0.05931 JMD . One month ago, the value of 1 FAKT was $0.07051 JMD , which represents a -15.82% change from its current value. Over the last year, Medifakt has changed by
-$
0.1356JMD
, resulting in a change of -69.56% in its value.
24 hours ago1 month ago1 year ago
Amount 18:24 today 24 hours ago 24h change
0.5 FAKT
$0.02968$0.03001
-1.10%
1 FAKT
$0.05936$0.06002
-1.10%
5 FAKT
$0.2968$0.3001
-1.10%
10 FAKT
$0.5936$0.6002
-1.10%
50 FAKT
$2.97$3
-1.10%
100 FAKT
$5.94$6
-1.10%
500 FAKT
$29.68$30.01
-1.10%
1000 FAKT
$59.36$60.02
-1.10%

FAKT to JMD FAQ

How much is 1 Medifakt in JMD?
Right now, the price of 1 Medifakt (FAKT) in Jamaican Dollar (JMD) is $0.05936.
How much FAKT can I buy for 1 JMD?
Based on the current exchange rate, you can get 16.85 FAKT for 1 JMD.
How do I calculate or convert FAKT to JMD?
You can use our FAKT to JMD calculator at the top of this page to convert any amount of FAKT to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 84.24 FAKT, while 5 FAKT will cost around 0.2968JMD.
What is the highest price of FAKT/JMD in history?
The all-time high price of 1 FAKT in JMD is $7.13. It remains to be seen if the value of 1 FAKT/JMD will exceed the current all-time high.
What is the price trend of Medifakt in JMD?
Over the past 7 days, the exchange rate of Medifakt (FAKT) has gone down by 2.60%.   Over the last month, the exchange rate of Medifakt (FAKT) has gone down by 15.82% against Jamaican Dollar (JMD).

What factors influence the conversion rate of FAKT to JMD?

There are many factors that affect the relationship between Medifakt 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 FAKT/JMD. When there is positive news in the market about the widespread adoption of FAKT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of FAKT/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in FAKT/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 FAKT/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 Medifakt and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Medifakt currency pairs: FAKT to US Dollar (USD), FAKT to Euro (EUR), FAKT to Pound Sterling (GBP), FAKT to Canadian Dollar (CAD), FAKT to Indian Rupee (INR), FAKT to Pakistani Rupee (PKR), FAKT to Brazilian Real (BRL), FAKT to…
The price of Medifakt in the US is $0.0003704 USD. Additionally, Medifakt’s price is €0.0003207 EUR in the eurozone, £0.0002730 GBP in the UK, C$0.0005034 CAD in Canada, ₹0.03190 INR in India, ₨0.1048 PKR in Pakistan, R$0.002055 BRL in Brazil, and more.
The most popular Medifakt currency pair is the FAKT to Jamaican Dollar(JMD). The price of 1 Medifakt (FAKT) in Jamaican Dollar (JMD) is $0.05936.

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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.