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Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.02%
New listings on Bitget: Pi Network
BTC/USDT$81861.52 (-6.16%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.02%
New listings on Bitget: Pi Network
BTC/USDT$81861.52 (-6.16%)Fear and Greed Index25(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow +$218.1M (1D); +$111.9M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
RAI
JMD
Last updated as of 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 Rai Reflex Index(RAI) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 RAI at a value of 1 RAI for 476.07 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 Rai Reflex Index currency pair is the RAI to JMD, with for Rai Reflex Index's currency code being RAI. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
RAI to JMD conversion rate trend
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In the past 1D, Rai Reflex Index has changed +3.23% to JMD. Based on the trend and price charts, Rai Reflex Index(RAI) has changed +3.23% to JMD while Jamaican Dollar(JMD) has changed % to RAI in the last 24 hours.
RAI to JMD market statistics
RAI/JMD:
$ 476.07
RAI 24h volume:
$ 6,282,852.42
RAI market cap:
$ 395,479,107.31
RAI circulating supply:
830.72K RAI
More info about Rai Reflex Index on Bitget
Current RAI to JMD exchange rate
Rai Reflex Index to Jamaican Dollar is falling this week.Rai Reflex Index's current market price is $ 476.07 per RAI, with a total market cap of $ 395,479,107.31 JMD based on a circulating supply of 830,724.44 RAI. The trading volume of Rai Reflex Index has changed by +349.60% ($ 4,885,409.33 JMD) in the last 24 hours. Last trading day, RAI's trading volume was $ 1,397,443.09.
RAI to JMD Conversion tables
The exchange rate of Rai Reflex Index is decreasing.1 RAI is currently valued at $ 476.07 JMD , which means buying 5 RAI will cost $ 2,380.33 JMD . Similarly, $1 JMD can be traded for 0.002101 RAI, and $50 JMD can be converted to 0.1050 RAI, excluding any platform or gas fees.
The exchange rate of 1 RAI to Jamaican Dollar has changed by -0.13% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.23%, reaching a high of 476.07 JMD and a low of 460.73 JMD . One month ago, the value of 1 RAI was $ 477.42 JMD , which represents a -0.28% change from its current value. Over the last year, Rai Reflex Index has changed by , resulting in a change of +7.58% in its value.
+$
33.5JMDRAI to JMD
Amount
17:12 today
0.5 RAI
$238.03
1 RAI
$476.07
5 RAI
$2,380.33
10 RAI
$4,760.65
50 RAI
$23,803.27
100 RAI
$47,606.54
500 RAI
$238,032.68
1000 RAI
$476,065.36
JMD to RAI
Amount17:12 today
0.5JMD0.001050 RAI
1JMD0.002101 RAI
5JMD0.01050 RAI
10JMD0.02101 RAI
50JMD0.1050 RAI
100JMD0.2101 RAI
500JMD1.05 RAI
1000JMD2.1 RAI
RAI to JMD Today vs. 24 hours ago
| Amount | 17:12 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAI | $238.03 | $230.58 | +3.23% |
| 1 RAI | $476.07 | $461.17 | +3.23% |
| 5 RAI | $2,380.33 | $2,305.84 | +3.23% |
| 10 RAI | $4,760.65 | $4,611.67 | +3.23% |
| 50 RAI | $23,803.27 | $23,058.35 | +3.23% |
| 100 RAI | $47,606.54 | $46,116.7 | +3.23% |
| 500 RAI | $238,032.68 | $230,583.5 | +3.23% |
| 1000 RAI | $476,065.36 | $461,167.01 | +3.23% |
RAI to JMD Today vs. 1 month ago
| Amount | 17:12 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAI | $238.03 | $238.71 | -0.28% |
| 1 RAI | $476.07 | $477.42 | -0.28% |
| 5 RAI | $2,380.33 | $2,387.1 | -0.28% |
| 10 RAI | $4,760.65 | $4,774.2 | -0.28% |
| 50 RAI | $23,803.27 | $23,870.99 | -0.28% |
| 100 RAI | $47,606.54 | $47,741.97 | -0.28% |
| 500 RAI | $238,032.68 | $238,709.86 | -0.28% |
| 1000 RAI | $476,065.36 | $477,419.72 | -0.28% |
RAI to JMD Today vs. 1 year ago
| Amount | 17:12 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAI | $238.03 | $221.28 | +7.58% |
| 1 RAI | $476.07 | $442.56 | +7.58% |
| 5 RAI | $2,380.33 | $2,212.81 | +7.58% |
| 10 RAI | $4,760.65 | $4,425.63 | +7.58% |
| 50 RAI | $23,803.27 | $22,128.13 | +7.58% |
| 100 RAI | $47,606.54 | $44,256.26 | +7.58% |
| 500 RAI | $238,032.68 | $221,281.3 | +7.58% |
| 1000 RAI | $476,065.36 | $442,562.6 | +7.58% |
How to convert RAI to JMD
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert RAI to JMD
Use a variety of payment options to buy Rai Reflex Index on Bitget. We'll show you how.
Buy RAI (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of RAI with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy RAI 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 RAI (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of RAI to JMD. However, you can first exchange RAI 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 RAI to JMD?
There are many factors that affect the relationship between Rai Reflex Index 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 RAI/JMD. When there is positive news in the market about the widespread adoption of RAI or major technological breakthroughs, it tends to trigger market optimism and drive the rise of RAI/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in RAI/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.
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 RAI/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 Rai Reflex Index and adjust their investment strategies accordingly in the evolving market.
Rai Reflex Index price prediction
What will the price of RAI be in 2026?
Based on RAI's historical price performance prediction model, the price of RAI is projected to reach $3.2 in 2026.
What will the price of RAI be in 2031?
In 2031, the RAI price is expected to change by -2.00%. By the end of 2031, the RAI price is projected to reach $6.22, with a cumulative ROI of +113.83%.
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Popular Rai Reflex Index Converter
Check out these popular currency conversions of Rai Reflex Index to several fiat currencies.
RAI to TWD
1 RAI to NT$ 100.04 TWD
RAI to CNY
1 RAI to ¥ 22.05 CNY
RAI to JMD
1 RAI to $ 476.07 JMD
RAI to USD
1 RAI to $ 3.02 USD
RAI to EUR
1 RAI to € 2.72 EUR
RAI to CAD
1 RAI to $ 4.24 CAD
RAI to KRW
1 RAI to ₩ 4,400.81 KRW
RAI to JPY
1 RAI to ¥ 439.73 JPY
RAI to GBP
1 RAI to £ 2.3 GBP
RAI to BRL
1 RAI to R$ 16.94 BRL
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Explore other cryptocurrencies based on your interest in Rai Reflex Index.
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1 ETH to $ 279,181.03 JMD
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1 SOL to $ 17,893.75 JMD
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1 XRP to $ 314.14 JMD
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1 PI to $ 89.42 JMD
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1 BNB to $ 92,428.99 JMD
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1 TRUMP to $ 1,414.29 JMD
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1 STO to $ 10.09 JMD
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1 SUI to $ 349.84 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 Rai Reflex Index 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 Rai Reflex Index 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 Rai Reflex Index 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.
