SOC
JMD
Last updated 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 socrates(SOC) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 SOC at a value of 1 SOC for 11.19 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 socrates currency pair is the SOC to JMD, with for socrates's currency code being SOC. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
SOC to JMD conversion rate trend
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In the past 1D, socrates has changed -0.89% to JMD. Based on the trend and price charts, socrates(SOC) has changed -0.89% to JMD while Jamaican Dollar(JMD) has changed % to SOC in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $11.19 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/12/18 08:33:24(UTC+0)
How to buy socrates
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy socrates (SOC)
Use a variety of payment options to buy socrates on Bitget. We'll show you how.
Buy SOC (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of SOC with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy SOC 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 SOC (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of SOC to JMD. However, you can first exchange SOC 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 socrates to Jamaican Dollar?
socrates to Jamaican Dollar is rising this week.socrates's current market price is $ 11.19 per SOC, with a total market cap of $ 0 JMD based on a circulating supply of -- SOC. The trading volume of socrates has changed by -26.15% ($ -117,221.96 JMD) in the last 24 hours. Last trading day, SOC's trading volume was $ 448,217.82.
Market cap
$0
24h volume
$2.12K
Circulating supply
0 SOC
Conversion tables
The exchange rate of socrates is increasing.1 SOC is currently valued at $ 11.19 JMD , which means buying 5 SOC will cost $ 55.95 JMD . Similarly, $1 JMD can be traded for 0.08937 SOC, and $50 JMD can be converted to 4.47 SOC, excluding any platform or gas fees.
The exchange rate of 1 SOC to Jamaican Dollar has changed by +11.87% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.89%, reaching a high of 11.29 JMD and a low of 9.15 JMD . One month ago, the value of 1 SOC was $ 8.57 JMD , which represents a +30.62% change from its current value. Over the last year, socrates has changed by , resulting in a change of -82.40% in its value.
-$
52.38JMDSOC to JMD
Amount
11:59 am today
0.5 SOC
$5.59
1 SOC
$11.19
5 SOC
$55.95
10 SOC
$111.9
50 SOC
$559.49
100 SOC
$1,118.98
500 SOC
$5,594.88
1000 SOC
$11,189.76
JMD to SOC
Amount11:59 am today
0.5JMD0.04468 SOC
1JMD0.08937 SOC
5JMD0.4468 SOC
10JMD0.8937 SOC
50JMD4.47 SOC
100JMD8.94 SOC
500JMD44.68 SOC
1000JMD89.37 SOC
Today vs. 24 hours ago
| Amount | 11:59 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SOC | $0.03579 | $0.03611 | -0.89% |
| 1 SOC | $0.07157 | $0.07222 | -0.89% |
| 5 SOC | $0.3579 | $0.3611 | -0.89% |
| 10 SOC | $0.7157 | $0.7222 | -0.89% |
| 50 SOC | $3.58 | $3.61 | -0.89% |
| 100 SOC | $7.16 | $7.22 | -0.89% |
| 500 SOC | $35.79 | $36.11 | -0.89% |
| 1000 SOC | $71.57 | $72.22 | -0.89% |
Today vs. 1 month ago
| Amount | 11:59 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SOC | $0.03579 | $0.02740 | +30.62% |
| 1 SOC | $0.07157 | $0.05479 | +30.62% |
| 5 SOC | $0.3579 | $0.2740 | +30.62% |
| 10 SOC | $0.7157 | $0.5479 | +30.62% |
| 50 SOC | $3.58 | $2.74 | +30.62% |
| 100 SOC | $7.16 | $5.48 | +30.62% |
| 500 SOC | $35.79 | $27.4 | +30.62% |
| 1000 SOC | $71.57 | $54.79 | +30.62% |
Today vs. 1 year ago
| Amount | 11:59 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SOC | $0.03579 | $0.2033 | -82.40% |
| 1 SOC | $0.07157 | $0.4066 | -82.40% |
| 5 SOC | $0.3579 | $2.03 | -82.40% |
| 10 SOC | $0.7157 | $4.07 | -82.40% |
| 50 SOC | $3.58 | $20.33 | -82.40% |
| 100 SOC | $7.16 | $40.66 | -82.40% |
| 500 SOC | $35.79 | $203.31 | -82.40% |
| 1000 SOC | $71.57 | $406.63 | -82.40% |
socrates price prediction
What will the price of SOC be in 2025?
Based on SOC's historical price performance prediction model, the price of SOC is projected to reach $0.1237 in 2025.
What will the price of SOC be in 2030?
In 2030, the SOC price is expected to change by 0.00%. By the end of 2030, the SOC price is projected to reach $0.1751, with a cumulative ROI of +173.70%.
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Popular socrates conversions
Check out these popular currency conversions of socrates to several fiat currencies.
socrates to USD
1 SOC to $ 0.07157 USD
socrates to GBP
1 SOC to £ 0.05639 GBP
socrates to EUR
1 SOC to € 0.06821 EUR
socrates to KRW
1 SOC to ₩ 102.83 KRW
socrates to CAD
1 SOC to $ 0.1025 CAD
socrates to AUD
1 SOC to $ 0.1134 AUD
socrates to JPY
1 SOC to ¥ 11 JPY
socrates to BRL
1 SOC to R$ 0.4382 BRL
socrates to CNY
1 SOC to ¥ 0.5216 CNY
socrates to TWD
1 SOC to NT$ 2.33 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in socrates.
Solana to JMD
1 SOL to $ 34,028.53 JMD
Litecoin to JMD
1 LTC to $ 18,701.49 JMD
XRP to JMD
1 XRP to $ 401.14 JMD
Hedera to JMD
1 HBAR to $ 48.02 JMD
Stellar to JMD
1 XLM to $ 68.25 JMD
Dogecoin to JMD
1 DOGE to $ 60.83 JMD
BNB to JMD
1 BNB to $ 112,325.3 JMD
NEAR Protocol to JMD
1 NEAR to $ 983.17 JMD
Bonk to JMD
1 BONK to $ 0.005335 JMD
dogwifhat to JMD
1 WIF to $ 399.3 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 socrates 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 socrates 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 socrates 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.
