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RAI to JMD Converter and calculator

RAI/JMD: 1 RAI = 412.52 JMD. The price of converting 1 Rai Reflex Index (RAI) to Jamaican Dollar (JMD) is 412.52 JMD today.
RAI
RAI
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides RAI to JMD real-time exchange rates, making it easy to convert Rai Reflex Index (RAI) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 RAI is currently valued at 412.52 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 RAI is currently valued at 412.52 JMD, which means buying 5 RAI would cost 2062.59 JMD. Similarly, $1 JMD can be converted to 0.002424 RAI, and $50 JMD can be converted to 0.01212 RAI, excluding any platform or gas fees.

Convert RAI to JMD

Convert JMD to RAI

Rai Reflex Index
Jamaican Dollar
50 RAI
20,625.88  JMD
100 RAI
41,251.75  JMD
200 RAI
82,503.5  JMD
500 RAI
206,258.76  JMD
1000 RAI
412,517.51  JMD
5000 RAI
2,062,587.57  JMD
10000 RAI
4,125,175.14  JMD
In the table above, you'll find a comprehensive RAI to JMD converter that shows the value of Rai Reflex Index in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 RAI to JMD, all the way up to 10000 RAI, providing a clear view of their respective values.
Jamaican Dollar
Rai Reflex Index
In the table above, you'll find a comprehensive JMD to RAI converter that shows the value of Jamaican Dollar in Rai Reflex Index across commonly used conversion amounts. The list covers conversions from 1 JMD to RAI, all the way up to 100000 JMD, providing a clear view of their respective values.

RAI to JMD chart

RAI/JMD: 1 RAI = 412.52 JMD; 2025/04/28 10:31:34
In the past 1D, Rai Reflex Index has changed +4.59% to JMD. Based on the trend and price charts, Rai Reflex Index(RAI) has changed +4.59% to JMD while Jamaican Dollar(JMD) has changed % to RAI in the last 24 hours.
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RAI to JMD conversion data: Volatility and price changes of Rai Reflex Index in JMD

The highest Rai Reflex Index price in JMD over the past 7 days was 484.22 JMD while the lowest Rai Reflex Index price in JMD over the past 7 days was 371.52 JMD. The relative change between the highs and lows in Rai Reflex Index price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and RAI 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
426.55 JMD
484.22 JMD
557.32 JMD
557.32 JMD
Low
391.31 JMD
371.52 JMD
311.13 JMD
311.13 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
+4.59%
-6.41%
-13.31%
-12.54%

Rai Reflex Index information

RAI to JMD market statistics

RAI/JMD:
$412.52
RAI 24h volume:
$2,541,910.08
RAI market cap:
$328,159,302.95
RAI circulating supply:
795.50K RAI

Current RAI to JMD exchange rate

Rai Reflex Index to Jamaican Dollar is falling this week.
Rai Reflex Index's current market price is $412.52 per RAI, with a total market cap of $328,159,302.95 JMD based on a circulating supply of 795,503.94 RAI. The trading volume of Rai Reflex Index has changed by -0.10% ($-2,470.59 JMD) in the last 24 hours. Last trading day, RAI's trading volume was $2,544,380.68.

More info about Rai Reflex Index 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 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.

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How to convert RAI to JMD

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Convert RAI to JMD
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RAI to JMD Conversion tables

The exchange rate of Rai Reflex Index is decreasing.
The exchange rate of 1 RAI to Jamaican Dollar has changed by -6.41% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.59%, reaching a high of 426.55 JMD and a low of 391.31 JMD . One month ago, the value of 1 RAI was $475.86 JMD , which represents a -13.31% change from its current value. Over the last year, Rai Reflex Index has changed by
-$
26.9JMD
, resulting in a change of -6.12% in its value.
24 hours ago1 month ago1 year ago
Amount10:31 am today24 hours ago24h change
0.5 RAI$206.26$197.2
+4.59%
1 RAI$412.52$394.4
+4.59%
5 RAI$2,062.59$1,972
+4.59%
10 RAI$4,125.18$3,944.01
+4.59%
50 RAI$20,625.88$19,720.05
+4.59%
100 RAI$41,251.75$39,440.09
+4.59%
500 RAI$206,258.76$197,200.47
+4.59%
1000 RAI$412,517.51$394,400.94
+4.59%

RAI to JMD FAQ

How much is 1 Rai Reflex Index in JMD?
Right now, the price of 1 Rai Reflex Index (RAI) in Jamaican Dollar (JMD) is $412.52.
How much RAI can I buy for 1 JMD?
Based on the current exchange rate, you can get 0.002424 RAI for 1 JMD.
How do I calculate or convert RAI to JMD?
You can use our RAI to JMD calculator at the top of this page to convert any amount of RAI to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 0.01212 RAI, while 5 RAI will cost around 2,062.59JMD.
What is the highest price of RAI/JMD in history?
The all-time high price of 1 RAI in JMD is $662.53. It remains to be seen if the value of 1 RAI/JMD will exceed the current all-time high.
What is the price trend of Rai Reflex Index in JMD?
Over the past 7 days, the exchange rate of Rai Reflex Index (RAI) has gone down by 6.41%.   Over the last month, the exchange rate of Rai Reflex Index (RAI) has gone down by 13.31% against Jamaican Dollar (JMD).

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.
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.

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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.