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RACA to JMD Converter and calculator

RACA/JMD: 1 RACA = 0.01411 JMD. The price of converting 1 RACA (RACA) to Jamaican Dollar (JMD) is 0.01411 JMD today.
RACA
RACA
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RACA to JMD real-time exchange rates, making it easy to convert RACA (RACA) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 RACA is currently valued at 0.01 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RACA is currently valued at 0.01 JMD, which means buying 5 RACA would cost 0.07 JMD. Similarly, $1 JMD can be converted to 70.85 RACA, and $50 JMD can be converted to 354.25 RACA, excluding any platform or gas fees.

Convert RACA to JMD

Convert JMD to RACA

RACA
Jamaican Dollar
10000 RACA
141.14  JMD
In the table above, you'll find a comprehensive RACA to JMD converter that shows the value of RACA in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 RACA to JMD, all the way up to 10000 RACA, providing a clear view of their respective values.
Jamaican Dollar
RACA
1000 JMD
70,849.85 RACA
2000 JMD
141,699.69 RACA
5000 JMD
354,249.23 RACA
10000 JMD
708,498.45 RACA
50000 JMD
3,542,492.26 RACA
100000 JMD
7,084,984.51 RACA
In the table above, you'll find a comprehensive JMD to RACA converter that shows the value of Jamaican Dollar in RACA across commonly used conversion amounts. The list covers conversions from 1 JMD to RACA, all the way up to 100000 JMD, providing a clear view of their respective values.

RACA to JMD chart

RACA/JMD: 1 RACA = 0.01411 JMD; 2025/05/02 00:11:20
In the past 1D, RACA has changed +1.52% to JMD. Based on the trend and price charts, RACA(RACA) has changed +1.52% to JMD while Jamaican Dollar(JMD) has changed % to RACA in the last 24 hours.
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RACA to JMD conversion data: Volatility and price changes of RACA in JMD

The highest RACA price in JMD over the past 7 days was 0.01531 JMD while the lowest RACA price in JMD over the past 7 days was 0.01375 JMD. The relative change between the highs and lows in RACA price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and RACA 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
0.01425 JMD
0.01531 JMD
0.01651 JMD
0.02235 JMD
Low
0.01390 JMD
0.01375 JMD
0.01217 JMD
0.01217 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
+1.52%
+0.02%
+0.48%
-35.17%

RACA information

RACA to JMD market statistics

RACA/JMD:
$0.01411
RACA 24h volume:
$716,447,041.98
RACA market cap:
$5,796,348,229.49
RACA circulating supply:
410.67B RACA

Current RACA to JMD exchange rate

RACA to Jamaican Dollar is rising this week.
RACA's current market price is $0.01411 per RACA, with a total market cap of $5,796,348,229.49 JMD based on a circulating supply of 410,670,370,000 RACA. The trading volume of RACA has changed by -1.08% ($-7,841,876.12 JMD) in the last 24 hours. Last trading day, RACA's trading volume was $724,288,918.1.

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

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How to convert RACA to JMD

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RACA to JMD Conversion tables

The exchange rate of RACA is increasing.
The exchange rate of 1 RACA to Jamaican Dollar has changed by +0.02% in the last 7 days. In the last 24 hours, the rate has fluctuated by +1.52%, reaching a high of 0.01425 JMD and a low of 0.01390 JMD . One month ago, the value of 1 RACA was $0.01405 JMD , which represents a +0.48% change from its current value. Over the last year, RACA has changed by
-$
0.02002JMD
, resulting in a change of -58.65% in its value.
24 hours ago1 month ago1 year ago
Amount00:11 am today24 hours ago24h change
0.5 RACA$0.007057$0.006952
+1.52%
1 RACA$0.01411$0.01390
+1.52%
5 RACA$0.07057$0.06952
+1.52%
10 RACA$0.1411$0.1390
+1.52%
50 RACA$0.7057$0.6952
+1.52%
100 RACA$1.41$1.39
+1.52%
500 RACA$7.06$6.95
+1.52%
1000 RACA$14.11$13.9
+1.52%

RACA to JMD FAQ

How much is 1 RACA in JMD?
Right now, the price of 1 RACA (RACA) in Jamaican Dollar (JMD) is $0.01411.
How much RACA can I buy for 1 JMD?
Based on the current exchange rate, you can get 70.85 RACA for 1 JMD.
How do I calculate or convert RACA to JMD?
You can use our RACA to JMD calculator at the top of this page to convert any amount of RACA to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 354.25 RACA, while 5 RACA will cost around 0.07057JMD.
What is the highest price of RACA/JMD in history?
The all-time high price of 1 RACA in JMD is $1.89. It remains to be seen if the value of 1 RACA/JMD will exceed the current all-time high.
What is the price trend of RACA in JMD?
Over the past 7 days, the exchange rate of RACA (RACA) has gone up by 0.02%.   Over the last month, the exchange rate of RACA (RACA) has gone up by 0.48% against Jamaican Dollar (JMD).

What factors influence the conversion rate of RACA to JMD?

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