REN
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 Ren(REN) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 REN at a value of 1 REN for 8.67 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 Ren currency pair is the REN to JMD, with for Ren's currency code being REN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
REN to JMD conversion rate trend
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In the past 1D, Ren has changed +15.05% to JMD. Based on the trend and price charts, Ren(REN) has changed +15.05% to JMD while Jamaican Dollar(JMD) has changed % to REN in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $8.01 | 0.0200% / 0.0320%  VIP 7 | |
Binance | $7.93 | 0.1000% / 0.1000% | Yes |
OKX | $5.79 | 0.080% / 0.100% | Yes |
Huobi | $7.92 | 0.1000% / 0.1000% | Yes |
Gate.io | $7.89 | 0.1000% / 0.1000% | Yes |
Bybit | $7.97 | 0.1000% / 0.1000% | Yes |
KuCoin | $7.92 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/24 00:00:21(UTC+0)
How to buy Ren
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Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Ren (REN)
Use a variety of payment options to buy Ren on Bitget. We'll show you how.
Learn MoreBuy REN (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of REN with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy REN 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 REN (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of REN to JMD. However, you can first exchange REN 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 |
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What factors influence the conversion rate of Ren to Jamaican Dollar?
Ren to Jamaican Dollar is rising this week.Ren's current market price is $ 8.67 per REN, with a total market cap of $ 8,660,132,902.55 JMD based on a circulating supply of 999,127,500 REN. The trading volume of Ren has changed by +17.46% ($ 395,763,529.81 JMD) in the last 24 hours. Last trading day, REN's trading volume was $ 2,266,388,332.66.
Market cap
$54.32M
24h volume
$16.70M
Circulating supply
999.13M REN
Conversion tables
The exchange rate of Ren is increasing.1 REN is currently valued at $ 8.67 JMD , which means buying 5 REN will cost $ 43.34 JMD . Similarly, $1 JMD can be traded for 0.1154 REN, and $50 JMD can be converted to 5.77 REN, excluding any platform or gas fees.
The exchange rate of 1 REN to Jamaican Dollar has changed by +34.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by +15.05%, reaching a high of 8.69 JMD and a low of 7.51 JMD . One month ago, the value of 1 REN was $ 5.72 JMD , which represents a +51.51% change from its current value. Over the last year, Ren has changed by , resulting in a change of -6.24% in its value.
-$
0.5767JMDREN to JMD
Amount
07:08 am today
0.5 REN
$4.33
1 REN
$8.67
5 REN
$43.34
10 REN
$86.68
50 REN
$433.38
100 REN
$866.77
500 REN
$4,333.85
1000 REN
$8,667.7
JMD to REN
Amount07:08 am today
0.5JMD0.05769 REN
1JMD0.1154 REN
5JMD0.5769 REN
10JMD1.15 REN
50JMD5.77 REN
100JMD11.54 REN
500JMD57.69 REN
1000JMD115.37 REN
Today vs. 24 hours ago
| Amount | 07:08 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 REN | $0.02718 | $0.02363 | +15.05% |
| 1 REN | $0.05437 | $0.04725 | +15.05% |
| 5 REN | $0.2718 | $0.2363 | +15.05% |
| 10 REN | $0.5437 | $0.4725 | +15.05% |
| 50 REN | $2.72 | $2.36 | +15.05% |
| 100 REN | $5.44 | $4.73 | +15.05% |
| 500 REN | $27.18 | $23.63 | +15.05% |
| 1000 REN | $54.37 | $47.25 | +15.05% |
Today vs. 1 month ago
| Amount | 07:08 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 REN | $0.02718 | $0.01794 | +51.51% |
| 1 REN | $0.05437 | $0.03588 | +51.51% |
| 5 REN | $0.2718 | $0.1794 | +51.51% |
| 10 REN | $0.5437 | $0.3588 | +51.51% |
| 50 REN | $2.72 | $1.79 | +51.51% |
| 100 REN | $5.44 | $3.59 | +51.51% |
| 500 REN | $27.18 | $17.94 | +51.51% |
| 1000 REN | $54.37 | $35.88 | +51.51% |
Today vs. 1 year ago
| Amount | 07:08 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 REN | $0.02718 | $0.02899 | -6.24% |
| 1 REN | $0.05437 | $0.05798 | -6.24% |
| 5 REN | $0.2718 | $0.2899 | -6.24% |
| 10 REN | $0.5437 | $0.5798 | -6.24% |
| 50 REN | $2.72 | $2.9 | -6.24% |
| 100 REN | $5.44 | $5.8 | -6.24% |
| 500 REN | $27.18 | $28.99 | -6.24% |
| 1000 REN | $54.37 | $57.98 | -6.24% |
Ren price prediction
What will the price of REN be in 2025?
Based on REN's historical price performance prediction model, the price of REN is projected to reach $0.05718 in 2025.
What will the price of REN be in 2030?
In 2030, the REN price is expected to change by -14.00%. By the end of 2030, the REN price is projected to reach $0.09319, with a cumulative ROI of +117.93%.
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Popular Ren conversions
Check out these popular currency conversions of Ren to several fiat currencies.
Ren to USD
1 REN to $ 0.05437 USD
Ren to GBP
1 REN to £ 0.04338 GBP
Ren to EUR
1 REN to € 0.05218 EUR
Ren to KRW
1 REN to ₩ 76.36 KRW
Ren to CAD
1 REN to $ 0.07629 CAD
Ren to AUD
1 REN to $ 0.08360 AUD
Ren to JPY
1 REN to ¥ 8.41 JPY
Ren to BRL
1 REN to R$ 0.3154 BRL
Ren to CNY
1 REN to ¥ 0.3943 CNY
Ren to TWD
1 REN to NT$ 1.77 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Ren.
Bitcoin to JMD
1 BTC to $ 15,695,868.15 JMD
MAD to JMD
1 MAD to $ 0.004716 JMD
XRP to JMD
1 XRP to $ 233.19 JMD
Stellar to JMD
1 XLM to $ 90.42 JMD
Kusama to JMD
1 KSM to $ 7,300.01 JMD
Dogecoin to JMD
1 DOGE to $ 70 JMD
Hedera to JMD
1 HBAR to $ 23.98 JMD
Cardano to JMD
1 ADA to $ 169.57 JMD
Polkadot to JMD
1 DOT to $ 1,425.17 JMD
Solana to JMD
1 SOL to $ 40,881.8 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 Ren 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 Ren 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 Ren 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.
