OCTO
JMD
Last updated 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 OctoFi(OCTO) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 OCTO at a value of 1 OCTO for 63.56 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 OctoFi currency pair is the OCTO to JMD, with for OctoFi's currency code being OCTO. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
OCTO to JMD conversion rate trend
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In the past 1D, OctoFi has changed -3.05% to JMD. Based on the trend and price charts, OctoFi(OCTO) has changed -3.05% to JMD while Jamaican Dollar(JMD) has changed % to OCTO in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $63.64 | 0.0200% / 0.0320%  VIP 7 | |
Gate.io | $68.05 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/14 16:00:12(UTC+0)
How to buy OctoFi
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.
Buy OctoFi (OCTO)
Use a variety of payment options to buy OctoFi on Bitget. We'll show you how.
Buy OCTO (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of OCTO with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy OCTO with USDT via Bitget spot market.
| Merchants (trades/completion rate) | Price | Amount/limit Low to high | Payment methods | Zero fees Action |
|---|
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Sell OCTO (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of OCTO to JMD. However, you can first exchange OCTO 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 OctoFi to Jamaican Dollar?
OctoFi to Jamaican Dollar is rising this week.OctoFi's current market price is $ 63.56 per OCTO, with a total market cap of $ 50,718,081.58 JMD based on a circulating supply of 797,953.2 OCTO. The trading volume of OctoFi has changed by 0.00% ($ 0 JMD) in the last 24 hours. Last trading day, OCTO's trading volume was $ 0.
Market cap
$320.42K
24h volume
$0
Circulating supply
797.95K OCTO
Conversion tables
The exchange rate of OctoFi is increasing.1 OCTO is currently valued at $ 63.56 JMD , which means buying 5 OCTO will cost $ 317.8 JMD . Similarly, $1 JMD can be traded for 0.01573 OCTO, and $50 JMD can be converted to 0.7867 OCTO, excluding any platform or gas fees.
The exchange rate of 1 OCTO to Jamaican Dollar has changed by +4.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.05%, reaching a high of 65.5 JMD and a low of 63.09 JMD . One month ago, the value of 1 OCTO was $ 58.64 JMD , which represents a +8.40% change from its current value. Over the last year, OctoFi has changed by , resulting in a change of -63.25% in its value.
-$
109.4JMDOCTO to JMD
Amount
16:39 today
0.5 OCTO
$31.78
1 OCTO
$63.56
5 OCTO
$317.8
10 OCTO
$635.6
50 OCTO
$3,178.01
100 OCTO
$6,356.02
500 OCTO
$31,780.11
1000 OCTO
$63,560.22
JMD to OCTO
Amount16:39 today
0.5JMD0.007867 OCTO
1JMD0.01573 OCTO
5JMD0.07867 OCTO
10JMD0.1573 OCTO
50JMD0.7867 OCTO
100JMD1.57 OCTO
500JMD7.87 OCTO
1000JMD15.73 OCTO
Today vs. 24 hours ago
| Amount | 16:39 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OCTO | $0.2008 | $0.2071 | -3.05% |
| 1 OCTO | $0.4015 | $0.4142 | -3.05% |
| 5 OCTO | $2.01 | $2.07 | -3.05% |
| 10 OCTO | $4.02 | $4.14 | -3.05% |
| 50 OCTO | $20.08 | $20.71 | -3.05% |
| 100 OCTO | $40.15 | $41.42 | -3.05% |
| 500 OCTO | $200.77 | $207.08 | -3.05% |
| 1000 OCTO | $401.55 | $414.17 | -3.05% |
Today vs. 1 month ago
| Amount | 16:39 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OCTO | $0.2008 | $0.1852 | +8.40% |
| 1 OCTO | $0.4015 | $0.3704 | +8.40% |
| 5 OCTO | $2.01 | $1.85 | +8.40% |
| 10 OCTO | $4.02 | $3.7 | +8.40% |
| 50 OCTO | $20.08 | $18.52 | +8.40% |
| 100 OCTO | $40.15 | $37.04 | +8.40% |
| 500 OCTO | $200.77 | $185.22 | +8.40% |
| 1000 OCTO | $401.55 | $370.45 | +8.40% |
Today vs. 1 year ago
| Amount | 16:39 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OCTO | $0.2008 | $0.5464 | -63.25% |
| 1 OCTO | $0.4015 | $1.09 | -63.25% |
| 5 OCTO | $2.01 | $5.46 | -63.25% |
| 10 OCTO | $4.02 | $10.93 | -63.25% |
| 50 OCTO | $20.08 | $54.64 | -63.25% |
| 100 OCTO | $40.15 | $109.27 | -63.25% |
| 500 OCTO | $200.77 | $546.36 | -63.25% |
| 1000 OCTO | $401.55 | $1,092.73 | -63.25% |
OctoFi price prediction
What will the price of OCTO be in 2025?
Based on OCTO's historical price performance prediction model, the price of OCTO is projected to reach $0.1057 in 2025.
What will the price of OCTO be in 2030?
In 2030, the OCTO price is expected to change by -7.00%. By the end of 2030, the OCTO price is projected to reach $0.1826, with a cumulative ROI of -55.94%.
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Popular OctoFi conversions
Check out these popular currency conversions of OctoFi to several fiat currencies.
OctoFi to USD
1 OCTO to $ 0.4015 USD
OctoFi to GBP
1 OCTO to £ 0.3160 GBP
OctoFi to EUR
1 OCTO to € 0.3797 EUR
OctoFi to KRW
1 OCTO to ₩ 562.42 KRW
OctoFi to CAD
1 OCTO to $ 0.5627 CAD
OctoFi to AUD
1 OCTO to $ 0.6196 AUD
OctoFi to JPY
1 OCTO to ¥ 62.62 JPY
OctoFi to BRL
1 OCTO to R$ 2.32 BRL
OctoFi to CNY
1 OCTO to ¥ 2.91 CNY
OctoFi to TWD
1 OCTO to NT$ 13.07 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in OctoFi.
EGO to JMD
1 EGO to $ 3.25 JMD
Credefi to JMD
1 CREDI to $ 2.55 JMD
XODEX to JMD
1 XODEX to $ 0.05668 JMD
Peanut the Squirrel to JMD
1 PNUT to $ 327.67 JMD
dogwifhat to JMD
1 WIF to $ 620.96 JMD
Pepe to JMD
1 PEPE to $ 0.003394 JMD
Mog Coin to JMD
1 MOG to $ 0.0003594 JMD
Bitcoin to JMD
1 BTC to $ 13,977,436.94 JMD
Popcat (SOL) to JMD
1 POPCAT to $ 276.1 JMD
SolarX to JMD
1 SXCH to $ 3.27 JMD
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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 OctoFi 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 OctoFi 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 OctoFi 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.
