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DRAC to JMD Converter and calculator

DRAC/JMD: 1 DRAC = 0.02148 JMD. The price of converting 1 DRAC Network (DRAC) to Jamaican Dollar (JMD) is 0.02148 JMD today.
DRAC
DRAC
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides DRAC to JMD real-time exchange rates, making it easy to convert DRAC Network (DRAC) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 DRAC is currently valued at 0.02 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 DRAC is currently valued at 0.02 JMD, which means buying 5 DRAC would cost 0.11 JMD. Similarly, $1 JMD can be converted to 46.56 DRAC, and $50 JMD can be converted to 232.81 DRAC, excluding any platform or gas fees.

Convert DRAC to JMD

Convert JMD to DRAC

DRAC Network
Jamaican Dollar
5000 DRAC
107.38  JMD
10000 DRAC
214.76  JMD
In the table above, you'll find a comprehensive DRAC to JMD converter that shows the value of DRAC Network in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 DRAC to JMD, all the way up to 10000 DRAC, providing a clear view of their respective values.
Jamaican Dollar
DRAC Network
1000 JMD
46,562.89 DRAC
2000 JMD
93,125.77 DRAC
5000 JMD
232,814.43 DRAC
10000 JMD
465,628.87 DRAC
50000 JMD
2,328,144.33 DRAC
100000 JMD
4,656,288.67 DRAC
In the table above, you'll find a comprehensive JMD to DRAC converter that shows the value of Jamaican Dollar in DRAC Network across commonly used conversion amounts. The list covers conversions from 1 JMD to DRAC, all the way up to 100000 JMD, providing a clear view of their respective values.

DRAC to JMD chart

DRAC/JMD: 1 DRAC = 0.02148 JMD; 2025/04/26 15:46:20
In the past 1D, DRAC Network has changed +3.82% to JMD. Based on the trend and price charts, DRAC Network(DRAC) has changed +3.82% to JMD while Jamaican Dollar(JMD) has changed % to DRAC in the last 24 hours.
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DRAC to JMD conversion data: Volatility and price changes of DRAC Network in JMD

The highest DRAC Network price in JMD over the past 7 days was 0.02144 JMD while the lowest DRAC Network price in JMD over the past 7 days was 0.01971 JMD. The relative change between the highs and lows in DRAC Network price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and DRAC 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
0.02144 JMD
0.02144 JMD
0.02348 JMD
0.03194 JMD
Low
0.02066 JMD
0.01971 JMD
0.01767 JMD
0.007588 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
+3.82%
+8.78%
-7.25%
+31.83%

DRAC Network information

DRAC to JMD market statistics

DRAC/JMD:
$0.02148
DRAC 24h volume:
--
DRAC market cap:
--
DRAC circulating supply:
0 DRAC

Current DRAC to JMD exchange rate

DRAC Network to Jamaican Dollar is rising this week.
DRAC Network's current market price is $0.02148 per DRAC, with a total market cap of $0 JMD based on a circulating supply of -- DRAC. The trading volume of DRAC Network has changed by -100.00% ($-- JMD) in the last 24 hours. Last trading day, DRAC's trading volume was $--.

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

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How to convert DRAC to JMD

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Bitget P2P trading does not currently support direct buying of DRAC with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy DRAC with USDT via Bitget spot market.
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DRAC to JMD Conversion tables

The exchange rate of DRAC Network is decreasing.
The exchange rate of 1 DRAC to Jamaican Dollar has changed by +8.78% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.82%, reaching a high of 0.02144 JMD and a low of 0.02066 JMD . One month ago, the value of 1 DRAC was $0.02315 JMD , which represents a -7.25% change from its current value. Over the last year, DRAC Network has changed by
-$
0.07985JMD
, resulting in a change of -78.83% in its value.
24 hours ago1 month ago1 year ago
Amount15:46 today24 hours ago24h change
0.5 DRAC$0.01074$0.01034
+3.82%
1 DRAC$0.02148$0.02069
+3.82%
5 DRAC$0.1074$0.1034
+3.82%
10 DRAC$0.2148$0.2069
+3.82%
50 DRAC$1.07$1.03
+3.82%
100 DRAC$2.15$2.07
+3.82%
500 DRAC$10.74$10.34
+3.82%
1000 DRAC$21.48$20.69
+3.82%

DRAC to JMD FAQ

How much is 1 DRAC Network in JMD?
Right now, the price of 1 DRAC Network (DRAC) in Jamaican Dollar (JMD) is $0.02148.
How much DRAC can I buy for 1 JMD?
Based on the current exchange rate, you can get 46.56 DRAC for 1 JMD.
How do I calculate or convert DRAC to JMD?
You can use our DRAC to JMD calculator at the top of this page to convert any amount of DRAC to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 232.81 DRAC, while 5 DRAC will cost around 0.1074JMD.
What is the highest price of DRAC/JMD in history?
The all-time high price of 1 DRAC in JMD is $15.99. It remains to be seen if the value of 1 DRAC/JMD will exceed the current all-time high.
What is the price trend of DRAC Network in JMD?
Over the past 7 days, the exchange rate of DRAC Network (DRAC) has gone up by 8.78%.   Over the last month, the exchange rate of DRAC Network (DRAC) has gone down by 7.25% against Jamaican Dollar (JMD).

What factors influence the conversion rate of DRAC to JMD?

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