


MKD 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.
42 to MKD conversion rate trend
42 to MKD market statistics
More info about 42-coin on Bitget
Current 42 to MKD exchange rate
42-coin to Jamaican Dollar is falling this week.42 to MKD Conversion tables
The exchange rate of 42-coin is increasing.42 to MKD
MKD to 42
42 to MKD Today vs. 24 hours ago
Amount | 15:14 today | 24 hours ago | 24h change |
---|---|---|---|
0.5 42 | ден4,617,740.09 | ден5,043,613.98 | -8.44% |
1 42 | ден9,235,480.19 | ден10,087,227.97 | -8.44% |
5 42 | ден46,177,400.93 | ден50,436,139.84 | -8.44% |
10 42 | ден92,354,801.86 | ден100,872,279.67 | -8.44% |
50 42 | ден461,774,009.28 | ден504,361,398.36 | -8.44% |
100 42 | ден923,548,018.56 | ден1,008,722,796.72 | -8.44% |
500 42 | ден4,617,740,092.8 | ден5,043,613,983.6 | -8.44% |
1000 42 | ден9,235,480,185.6 | ден10,087,227,967.2 | -8.44% |
42 to MKD Today vs. 1 month ago
Amount | 15:14 today | 1 month ago | 1M change |
---|---|---|---|
0.5 42 | ден4,617,740.09 | ден4,327,612.83 | +6.70% |
1 42 | ден9,235,480.19 | ден8,655,225.65 | +6.70% |
5 42 | ден46,177,400.93 | ден43,276,128.26 | +6.70% |
10 42 | ден92,354,801.86 | ден86,552,256.52 | +6.70% |
50 42 | ден461,774,009.28 | ден432,761,282.6 | +6.70% |
100 42 | ден923,548,018.56 | ден865,522,565.2 | +6.70% |
500 42 | ден4,617,740,092.8 | ден4,327,612,826 | +6.70% |
1000 42 | ден9,235,480,185.6 | ден8,655,225,652 | +6.70% |
42 to MKD Today vs. 1 year ago
Amount | 15:14 today | 1 year ago | 1Y change |
---|---|---|---|
0.5 42 | ден4,617,740.09 | ден1,271,933.84 | +262.87% |
1 42 | ден9,235,480.19 | ден2,543,867.69 | +262.87% |
5 42 | ден46,177,400.93 | ден12,719,338.43 | +262.87% |
10 42 | ден92,354,801.86 | ден25,438,676.87 | +262.87% |
50 42 | ден461,774,009.28 | ден127,193,384.34 | +262.87% |
100 42 | ден923,548,018.56 | ден254,386,768.67 | +262.87% |
500 42 | ден4,617,740,092.8 | ден1,271,933,843.36 | +262.87% |
1000 42 | ден9,235,480,185.6 | ден2,543,867,686.72 | +262.87% |
How to convert 42 to MKD



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