RAK
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 Rake Finance(RAK) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 RAK at a value of 1 RAK for 883.20 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 Rake Finance currency pair is the RAK to JMD, with for Rake Finance's currency code being RAK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
RAK to JMD conversion rate trend
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In the past 1D, Rake Finance has changed +7.49% to JMD. Based on the trend and price charts, Rake Finance(RAK) has changed +7.49% to JMD while Jamaican Dollar(JMD) has changed % to RAK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $882.77 | 0.0200% / 0.0320%  VIP 7 |
Last updated 2024/09/19 16:33:14(UTC+0)
How to buy Rake Finance
Create Your Free Bitget Account
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
Buy Rake Finance (RAK)
Use a variety of payment options to buy Rake Finance on Bitget. We'll show you how.
Buy RAK (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of RAK with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy RAK 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 RAK (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of RAK to JMD. However, you can first exchange RAK 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 Rake Finance to Jamaican Dollar?
Rake Finance to Jamaican Dollar is falling this week.Rake Finance's current market price is $ 883.2 per RAK, with a total market cap of $ 0 JMD based on a circulating supply of -- RAK. The trading volume of Rake Finance has changed by +7.06% ($ 49,452.04 JMD) in the last 24 hours. Last trading day, RAK's trading volume was $ 700,880.64.
Market cap
$0
24h volume
$4.77K
Circulating supply
0 RAK
Conversion tables
The exchange rate of Rake Finance is decreasing.1 RAK is currently valued at $ 883.2 JMD , which means buying 5 RAK will cost $ 4,415.99 JMD . Similarly, $1 JMD can be traded for 0.001132 RAK, and $50 JMD can be converted to 0.05661 RAK, excluding any platform or gas fees.
The exchange rate of 1 RAK to Jamaican Dollar has changed by -1.34% in the last 7 days. In the last 24 hours, the rate has fluctuated by +7.49%, reaching a high of 884.65 JMD and a low of 769.71 JMD . One month ago, the value of 1 RAK was $ 947.72 JMD , which represents a -6.81% change from its current value. Over the last year, Rake Finance has changed by , resulting in a change of -28.76% in its value.
-$
356.37JMDRAK to JMD
Amount
17:36 today
0.5 RAK
$441.6
1 RAK
$883.2
5 RAK
$4,415.99
10 RAK
$8,831.99
50 RAK
$44,159.95
100 RAK
$88,319.89
500 RAK
$441,599.45
1000 RAK
$883,198.9
JMD to RAK
Amount17:36 today
0.5JMD0.0005661 RAK
1JMD0.001132 RAK
5JMD0.005661 RAK
10JMD0.01132 RAK
50JMD0.05661 RAK
100JMD0.1132 RAK
500JMD0.5661 RAK
1000JMD1.13 RAK
Today vs. 24 hours ago
| Amount | 17:36 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 RAK | $2.81 | $2.61 | +7.49% |
| 1 RAK | $5.61 | $5.22 | +7.49% |
| 5 RAK | $28.07 | $26.11 | +7.49% |
| 10 RAK | $56.13 | $52.22 | +7.49% |
| 50 RAK | $280.67 | $261.12 | +7.49% |
| 100 RAK | $561.33 | $522.25 | +7.49% |
| 500 RAK | $2,806.67 | $2,611.23 | +7.49% |
| 1000 RAK | $5,613.35 | $5,222.47 | +7.49% |
Today vs. 1 month ago
| Amount | 17:36 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 RAK | $2.81 | $3.01 | -6.81% |
| 1 RAK | $5.61 | $6.02 | -6.81% |
| 5 RAK | $28.07 | $30.12 | -6.81% |
| 10 RAK | $56.13 | $60.23 | -6.81% |
| 50 RAK | $280.67 | $301.17 | -6.81% |
| 100 RAK | $561.33 | $602.34 | -6.81% |
| 500 RAK | $2,806.67 | $3,011.7 | -6.81% |
| 1000 RAK | $5,613.35 | $6,023.4 | -6.81% |
Today vs. 1 year ago
| Amount | 17:36 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 RAK | $2.81 | $3.94 | -28.76% |
| 1 RAK | $5.61 | $7.88 | -28.76% |
| 5 RAK | $28.07 | $39.39 | -28.76% |
| 10 RAK | $56.13 | $78.78 | -28.76% |
| 50 RAK | $280.67 | $393.92 | -28.76% |
| 100 RAK | $561.33 | $787.83 | -28.76% |
| 500 RAK | $2,806.67 | $3,939.16 | -28.76% |
| 1000 RAK | $5,613.35 | $7,878.32 | -28.76% |
Rake Finance price prediction
What will the price of RAK be in 2025?
Based on RAK's historical price performance prediction model, the price of RAK is projected to reach $7.53 in 2025.
What will the price of RAK be in 2030?
In 2030, the RAK price is expected to change by 0.00%. By the end of 2030, the RAK price is projected to reach $14.76, with a cumulative ROI of +154.25%.
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Popular Rake Finance conversions
Check out these popular currency conversions of Rake Finance to several fiat currencies.
Rake Finance to USD
1 RAK to $ 5.61 USD
Rake Finance to GBP
1 RAK to £ 4.23 GBP
Rake Finance to EUR
1 RAK to € 5.04 EUR
Rake Finance to KRW
1 RAK to ₩ 7,467.24 KRW
Rake Finance to CAD
1 RAK to $ 7.62 CAD
Rake Finance to AUD
1 RAK to $ 8.25 AUD
Rake Finance to JPY
1 RAK to ¥ 802.25 JPY
Rake Finance to BRL
1 RAK to R$ 30.42 BRL
Rake Finance to CNY
1 RAK to ¥ 39.69 CNY
Rake Finance to TWD
1 RAK to NT$ 179.49 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Rake Finance.
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1 BTC to $ 9,986,768.17 JMD
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1 PANDA to $ 1.18 JMD
NOTAI to JMD
1 NOTAI to $ -- JMD
Solana to JMD
1 SOL to $ 22,477.18 JMD
Aleo to JMD
1 ALEO to $ -- JMD
Ethereum to JMD
1 ETH to $ 387,532.84 JMD
Toncoin to JMD
1 TON to $ 905.49 JMD
Enjin Coin to JMD
1 ENJ to $ 23.66 JMD
Zebec Network to JMD
1 ZBCN to $ -- 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 Rake Finance 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 Rake Finance 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 Rake Finance 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.
