FOC to JMD Converter and calculator


Conversion rates
Convert FOC to JMD
Convert JMD to FOC
FOC to JMD chart
FOC to JMD conversion data: Volatility and price changes of TheForce Trade in JMD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.07864 JMD | 0.07973 JMD | 0.08198 JMD | 0.1092 JMD |
Low | 0.07734 JMD | 0.07685 JMD | 0.07140 JMD | 0.07056 JMD |
Average | 0 JMD | 0 JMD | 0 JMD | 0 JMD |
Volatility | % | % | % | % |
Change | -1.30% | +0.99% | -6.33% | -23.72% |
TheForce Trade information
FOC to JMD market statistics
Current FOC to JMD exchange rate
TheForce Trade to Jamaican Dollar is rising this week.More info about TheForce Trade 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.
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FOC to JMD Conversion tables
Amount | 16:16 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 FOC | $0.03881 | $0.03932 | -1.30% |
1 FOC | $0.07762 | $0.07864 | -1.30% |
5 FOC | $0.3881 | $0.3932 | -1.30% |
10 FOC | $0.7762 | $0.7864 | -1.30% |
50 FOC | $3.88 | $3.93 | -1.30% |
100 FOC | $7.76 | $7.86 | -1.30% |
500 FOC | $38.81 | $39.32 | -1.30% |
1000 FOC | $77.62 | $78.64 | -1.30% |
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