Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.73%
New listings on Bitget: Pi Network
BTC/USDT$76151.00 (-8.28%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.73%
New listings on Bitget: Pi Network
BTC/USDT$76151.00 (-8.28%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share62.73%
New listings on Bitget: Pi Network
BTC/USDT$76151.00 (-8.28%)Fear and Greed Index23(Extreme fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketBABY,PAWS,WCTTotal spot Bitcoin ETF netflow -$64.9M (1D); -$169.2M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
VELA
JMD
Last updated as of 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 Vela Exchange(VELA) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 VELA at a value of 1 VELA for 0.78 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 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.
VELA to JMD conversion rate trend
1D7D1M3M1YAll
In the past 1D, Vela Exchange has changed -11.88% to JMD. Based on the trend and price charts, Vela Exchange(VELA) has changed -11.88% to JMD while Jamaican Dollar(JMD) has changed % to VELA in the last 24 hours.
VELA to JMD market statistics
VELA/JMD:
$ 0.7841
VELA 24h volume:
$ 14,313,061.62
VELA market cap:
--
VELA circulating supply:
0 VELA
More info about Vela Exchange on Bitget
Current VELA to JMD exchange rate
Vela Exchange to Jamaican Dollar is falling this week.Vela Exchange's current market price is $ 0.7841 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 +0.94% ($ 132,896.51 JMD) in the last 24 hours. Last trading day, VELA's trading volume was $ 14,180,165.11.
VELA to JMD Conversion tables
The exchange rate of Vela Exchange is decreasing.1 VELA is currently valued at $ 0.7841 JMD , which means buying 5 VELA will cost $ 3.92 JMD . Similarly, $1 JMD can be traded for 1.28 VELA, and $50 JMD can be converted to 63.77 VELA, excluding any platform or gas fees.
The exchange rate of 1 VELA to Jamaican Dollar has changed by -26.44% in the last 7 days. In the last 24 hours, the rate has fluctuated by -11.88%, reaching a high of 0.9181 JMD and a low of 0.7370 JMD . One month ago, the value of 1 VELA was $ 1.27 JMD , which represents a -38.22% change from its current value. Over the last year, Vela Exchange has changed by , resulting in a change of -99.43% in its value.
-$
136.24JMDVELA to JMD
Amount
09:12 am today
0.5 VELA
$0.3920
1 VELA
$0.7841
5 VELA
$3.92
10 VELA
$7.84
50 VELA
$39.2
100 VELA
$78.41
500 VELA
$392.03
1000 VELA
$784.07
JMD to VELA
Amount09:12 am today
0.5JMD0.6377 VELA
1JMD1.28 VELA
5JMD6.38 VELA
10JMD12.75 VELA
50JMD63.77 VELA
100JMD127.54 VELA
500JMD637.7 VELA
1000JMD1,275.4 VELA
VELA to JMD Today vs. 24 hours ago
| Amount | 09:12 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 VELA | $0.3920 | $0.4449 | -11.88% |
| 1 VELA | $0.7841 | $0.8897 | -11.88% |
| 5 VELA | $3.92 | $4.45 | -11.88% |
| 10 VELA | $7.84 | $8.9 | -11.88% |
| 50 VELA | $39.2 | $44.49 | -11.88% |
| 100 VELA | $78.41 | $88.97 | -11.88% |
| 500 VELA | $392.03 | $444.87 | -11.88% |
| 1000 VELA | $784.07 | $889.74 | -11.88% |
VELA to JMD Today vs. 1 month ago
| Amount | 09:12 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 VELA | $0.3920 | $0.6345 | -38.22% |
| 1 VELA | $0.7841 | $1.27 | -38.22% |
| 5 VELA | $3.92 | $6.35 | -38.22% |
| 10 VELA | $7.84 | $12.69 | -38.22% |
| 50 VELA | $39.2 | $63.45 | -38.22% |
| 100 VELA | $78.41 | $126.91 | -38.22% |
| 500 VELA | $392.03 | $634.54 | -38.22% |
| 1000 VELA | $784.07 | $1,269.09 | -38.22% |
VELA to JMD Today vs. 1 year ago
| Amount | 09:12 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 VELA | $0.3920 | $68.51 | -99.43% |
| 1 VELA | $0.7841 | $137.02 | -99.43% |
| 5 VELA | $3.92 | $685.1 | -99.43% |
| 10 VELA | $7.84 | $1,370.19 | -99.43% |
| 50 VELA | $39.2 | $6,850.97 | -99.43% |
| 100 VELA | $78.41 | $13,701.93 | -99.43% |
| 500 VELA | $392.03 | $68,509.65 | -99.43% |
| 1000 VELA | $784.07 | $137,019.3 | -99.43% |
How to convert VELA to JMD
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.
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Convert VELA to JMD
Use a variety of payment options to buy Vela Exchange on Bitget. We'll show you how.
Learn MoreBuy VELA (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of VELA with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy VELA with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
No matching ads found.
Sell VELA (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of VELA to JMD. However, you can first exchange VELA 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 |
|---|
No matching ads found.
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.
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.
Vela Exchange price prediction
What will the price of VELA be in 2026?
Based on VELA's historical price performance prediction model, the price of VELA is projected to reach $0.008077 in 2026.
What will the price of VELA be in 2031?
In 2031, the VELA price is expected to change by +6.00%. By the end of 2031, the VELA price is projected to reach $0.008945, with a cumulative ROI of +59.02%.
Other crypto price predictions
Bitcoin(BTC)Price predictions
Ethereum(ETH)Price predictions
Celestia(TIA)Price predictions
Solana(SOL)Price predictions
Worldcoin(WLD)Price predictions
Bittensor(TAO)Price predictions
Dogecoin(DOGE)Price predictions
PepeCoin(PEPECOIN)Price predictions
Pandora(PANDORA)Price predictions
ORDI(ORDI)Price predictions
Bitget Earn
A safe, convenient, and professional platform to maximize your crypto asset profits.
Coin
APR
Action
Purchase other cryptocurrencies with similar market cap
Popular Vela Exchange Converter
Check out these popular currency conversions of Vela Exchange to several fiat currencies.
VELA to TWD
1 VELA to NT$ 0.1635 TWD
VELA to CNY
1 VELA to ¥ 0.03617 CNY
VELA to JMD
1 VELA to $ 0.7841 JMD
VELA to USD
1 VELA to $ 0.004941 USD
VELA to EUR
1 VELA to € 0.004489 EUR
VELA to CAD
1 VELA to $ 0.007038 CAD
VELA to KRW
1 VELA to ₩ 7.24 KRW
VELA to JPY
1 VELA to ¥ 0.7207 JPY
VELA to GBP
1 VELA to £ 0.003834 GBP
VELA to BRL
1 VELA to R$ 0.02887 BRL
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Vela Exchange.
BTC to JMD
1 BTC to $ 12,088,132.34 JMD
ETH to JMD
1 ETH to $ 237,812.47 JMD
XRP to JMD
1 XRP to $ 280.54 JMD
SOL to JMD
1 SOL to $ 15,937.76 JMD
DOGE to JMD
1 DOGE to $ 21.8 JMD
ADA to JMD
1 ADA to $ 86.59 JMD
BNB to JMD
1 BNB to $ 85,757.76 JMD
SUI to JMD
1 SUI to $ 289.41 JMD
TRUMP to JMD
1 TRUMP to $ 1,207.28 JMD
LINK to JMD
1 LINK to $ 1,704.61 JMD
Discover more cryptocurrencies
Here are the top 20 cryptocurrencies by market cap.
Latest coin listings on Bitget
New listings
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 Vela Exchange 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 Vela Exchange 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 Vela Exchange 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.
