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VELA to JMD Converter and calculator

VELA/JMD: 1 VELA = 0.7929 JMD. The price of converting 1 Vela Exchange (VELA) to Jamaican Dollar (JMD) is 0.7929 JMD today.
VELA
VELA
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELA to JMD real-time exchange rates, making it easy to convert Vela Exchange (VELA) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 VELA is currently valued at 0.79 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELA is currently valued at 0.79 JMD, which means buying 5 VELA would cost 3.96 JMD. Similarly, $1 JMD can be converted to 1.26 VELA, and $50 JMD can be converted to 6.31 VELA, excluding any platform or gas fees.

Convert VELA to JMD

Convert JMD to VELA

Vela Exchange
Jamaican Dollar
1000 VELA
792.93  JMD
5000 VELA
3,964.63  JMD
10000 VELA
7,929.26  JMD
In the table above, you'll find a comprehensive VELA to JMD converter that shows the value of Vela Exchange in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 VELA to JMD, all the way up to 10000 VELA, providing a clear view of their respective values.
Jamaican Dollar
Vela Exchange
10000 JMD
12,611.52 VELA
50000 JMD
63,057.6 VELA
100000 JMD
126,115.2 VELA
In the table above, you'll find a comprehensive JMD to VELA converter that shows the value of Jamaican Dollar in Vela Exchange across commonly used conversion amounts. The list covers conversions from 1 JMD to VELA, all the way up to 100000 JMD, providing a clear view of their respective values.

VELA to JMD chart

VELA/JMD: 1 VELA = 0.7929 JMD; 2025/04/27 23:06:08
In the past 1D, Vela Exchange has changed +11.23% to JMD. Based on the trend and price charts, Vela Exchange(VELA) has changed +11.23% to JMD while Jamaican Dollar(JMD) has changed % to VELA in the last 24 hours.
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VELA to JMD conversion data: Volatility and price changes of Vela Exchange in JMD

The highest Vela Exchange price in JMD over the past 7 days was 0.9372 JMD while the lowest Vela Exchange price in JMD over the past 7 days was 0.6390 JMD. The relative change between the highs and lows in Vela Exchange price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and VELA 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
0.8264 JMD
0.9372 JMD
1.28 JMD
5.18 JMD
Low
0.6867 JMD
0.6390 JMD
0.6390 JMD
0.6390 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
+11.23%
-9.61%
-22.60%
-75.71%

Vela Exchange information

VELA to JMD market statistics

VELA/JMD:
$0.7929
VELA 24h volume:
$2,957,867.01
VELA market cap:
--
VELA circulating supply:
0 VELA

Current VELA to JMD exchange rate

Vela Exchange to Jamaican Dollar is falling this week.
Vela Exchange's current market price is $0.7929 per VELA, with a total market cap of $0 JMD based on a circulating supply of -- VELA. The trading volume of Vela Exchange has changed by -1.84% ($-55,497.13 JMD) in the last 24 hours. Last trading day, VELA's trading volume was $3,013,364.14.

More info about Vela Exchange 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 Vela Exchange currency pair is the VELA to JMD, with for Vela Exchange's currency code being VELA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

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How to convert VELA to JMD

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VELA to JMD Conversion tables

The exchange rate of Vela Exchange is decreasing.
The exchange rate of 1 VELA to Jamaican Dollar has changed by -9.61% in the last 7 days. In the last 24 hours, the rate has fluctuated by +11.23%, reaching a high of 0.8264 JMD and a low of 0.6867 JMD . One month ago, the value of 1 VELA was $1.02 JMD , which represents a -22.60% change from its current value. Over the last year, Vela Exchange has changed by
-$
91.41JMD
, resulting in a change of -99.17% in its value.
24 hours ago1 month ago1 year ago
Amount23:06 today24 hours ago24h change
0.5 VELA$0.3965$0.3578
+11.23%
1 VELA$0.7929$0.7156
+11.23%
5 VELA$3.96$3.58
+11.23%
10 VELA$7.93$7.16
+11.23%
50 VELA$39.65$35.78
+11.23%
100 VELA$79.29$71.56
+11.23%
500 VELA$396.46$357.81
+11.23%
1000 VELA$792.93$715.62
+11.23%

VELA to JMD FAQ

How much is 1 Vela Exchange in JMD?
Right now, the price of 1 Vela Exchange (VELA) in Jamaican Dollar (JMD) is $0.7929.
How much VELA can I buy for 1 JMD?
Based on the current exchange rate, you can get 1.26 VELA for 1 JMD.
How do I calculate or convert VELA to JMD?
You can use our VELA to JMD calculator at the top of this page to convert any amount of VELA to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 6.31 VELA, while 5 VELA will cost around 3.96JMD.
What is the highest price of VELA/JMD in history?
The all-time high price of 1 VELA in JMD is $1,215.74. It remains to be seen if the value of 1 VELA/JMD will exceed the current all-time high.
What is the price trend of Vela Exchange in JMD?
Over the past 7 days, the exchange rate of Vela Exchange (VELA) has gone down by 9.61%.   Over the last month, the exchange rate of Vela Exchange (VELA) has gone down by 22.60% against Jamaican Dollar (JMD).

What factors influence the conversion rate of VELA to JMD?

There are many factors that affect the relationship between Vela Exchange 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 VELA/JMD. When there is positive news in the market about the widespread adoption of VELA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELA/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELA/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 VELA/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 Vela Exchange 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.