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Ren to Jamaican Dollar Converter and calculator

Convert 1Ren (REN) to Jamaican Dollar (JMD) equals $ 5.21 | Bitget
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Last updated 2024/12/19 01:05:18 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Ren(REN) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 REN at a value of 1 REN for 5.21 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.

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Bitget crypto-to-fiat exchange data shows that the most popular Ren currency pair is the REN to JMD, with for Ren's currency code being REN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

REN to JMD conversion rate trend

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Live Ren (REN) price chart
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In the past 1D, Ren has changed -22.12% to JMD. Based on the trend and price charts, Ren(REN) has changed -22.12% to JMD while Jamaican Dollar(JMD) has changed +28.40% to REN in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
$5.1
0.0200% / 0.0320%vip-iconVIP 7
Binance
$6.69
0.1000% / 0.1000%
Yes
OKX
$5.69
0.080% / 0.100%
Yes
Huobi
$8.67
0.1000% / 0.1000%
Yes
Gate.io
$5.08
0.1000% / 0.1000%
Yes
Bybit
$5.15
0.1000% / 0.1000%
Yes
KuCoin
$5.07
0.1000% / 0.1000%
Yes
Last updated 2024/12/19 00:00:24(UTC+0)

How to buy Ren

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Ren (REN)
Use a variety of payment options to buy Ren on Bitget. We'll show you how.

Buy REN (or USDT) for JMD (Jamaican Dollar) offers

Bitget P2P trading does not currently support direct buying of REN with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy REN with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell REN (or USDT) for JMD (Jamaican Dollar) offers

Bitget P2P trading currently does not support direct selling of REN to JMD. However, you can first exchange REN for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
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What factors influence the conversion rate of Ren to Jamaican Dollar?

Ren to Jamaican Dollar is falling this week.
Ren's current market price is $ 5.21 per REN, with a total market cap of $ 5,209,526,725.98 JMD based on a circulating supply of 999,330,500 REN. The trading volume of Ren has changed by -78.63% ($ -1,341,229,109.57 JMD) in the last 24 hours. Last trading day, REN's trading volume was $ 1,705,716,939.5.
Market cap
$33.26M
24h volume
$2.33M
Circulating supply
999.33M REN

Conversion tables

The exchange rate of Ren is decreasing.
1 REN is currently valued at $ 5.21 JMD , which means buying 5 REN will cost $ 26.07 JMD . Similarly, $1 JMD can be traded for 0.1918 REN, and $50 JMD can be converted to 9.59 REN, excluding any platform or gas fees.
The exchange rate of 1 REN to Jamaican Dollar has changed by -27.89% in the last 7 days. In the last 24 hours, the rate has fluctuated by -22.12%, reaching a high of 6.91 JMD and a low of 5.11 JMD . One month ago, the value of 1 REN was $ 6.87 JMD , which represents a -24.09% change from its current value. Over the last year, Ren has changed by
-$
4.28JMD
, resulting in a change of -45.11% in its value.

REN to JMD

Amount
01:05 am today
0.5 REN
$2.61
1 REN
$5.21
5 REN
$26.07
10 REN
$52.13
50 REN
$260.65
100 REN
$521.3
500 REN
$2,606.51
1000 REN
$5,213.02

JMD to REN

Amount01:05 am today
0.5JMD0.09591  REN
1JMD0.1918  REN
5JMD0.9591  REN
10JMD1.92  REN
50JMD9.59  REN
100JMD19.18  REN
500JMD95.91  REN
1000JMD191.83  REN

Today vs. 24 hours ago

Amount01:05 am today24 hours ago24h change
0.5 REN$0.01664$0.02137
-22.12%
1 REN$0.03329$0.04273
-22.12%
5 REN$0.1664$0.2137
-22.12%
10 REN$0.3329$0.4273
-22.12%
50 REN$1.66$2.14
-22.12%
100 REN$3.33$4.27
-22.12%
500 REN$16.64$21.37
-22.12%
1000 REN$33.29$42.73
-22.12%

Today vs. 1 month ago

Amount01:05 am today1 month ago1M change
0.5 REN$0.01664$0.02192
-24.09%
1 REN$0.03329$0.04384
-24.09%
5 REN$0.1664$0.2192
-24.09%
10 REN$0.3329$0.4384
-24.09%
50 REN$1.66$2.19
-24.09%
100 REN$3.33$4.38
-24.09%
500 REN$16.64$21.92
-24.09%
1000 REN$33.29$43.84
-24.09%

Today vs. 1 year ago

Amount01:05 am today1 year ago1Y change
0.5 REN$0.01664$0.03031
-45.11%
1 REN$0.03329$0.06063
-45.11%
5 REN$0.1664$0.3031
-45.11%
10 REN$0.3329$0.6063
-45.11%
50 REN$1.66$3.03
-45.11%
100 REN$3.33$6.06
-45.11%
500 REN$16.64$30.31
-45.11%
1000 REN$33.29$60.63
-45.11%

Ren price prediction

What will the price of REN be in 2025?

Based on REN's historical price performance prediction model, the price of REN is projected to reach $0.06556 in 2025.

What will the price of REN be in 2030?

In 2030, the REN price is expected to change by +8.00%. By the end of 2030, the REN price is projected to reach $0.1183, with a cumulative ROI of +212.71%.

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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.