Bitget converter provides INSURANCE to JMD real-time exchange rates, making it easy to convert insurance (INSURANCE) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 INSURANCE is currently valued at 14,177 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 INSURANCE is currently valued at 14,177 JMD, which means buying 5 INSURANCE would cost 70,884.99 JMD. Similarly, $1 JMD can be converted to 0.{4}7054 INSURANCE, and $50 JMD can be converted to 0.0003527 INSURANCE, excluding any platform or gas fees.
Conversion rates
Convert INSURANCE to JMD
Convert JMD to INSURANCE
insurance
Jamaican Dollar
1 INSURANCE
14,177 JMD
Exchange 1 INSURANCE for 14,177 JMD
2 INSURANCE
28,354 JMD
Exchange 2 INSURANCE for 28,354 JMD
5 INSURANCE
70,884.99 JMD
Exchange 5 INSURANCE for 70,884.99 JMD
10 INSURANCE
141,769.98 JMD
Exchange 10 INSURANCE for 141,769.98 JMD
20 INSURANCE
283,539.96 JMD
Exchange 20 INSURANCE for 283,539.96 JMD
50 INSURANCE
708,849.89 JMD
Exchange 50 INSURANCE for 708,849.89 JMD
100 INSURANCE
1,417,699.78 JMD
Exchange 100 INSURANCE for 1,417,699.78 JMD
200 INSURANCE
2,835,399.55 JMD
Exchange 200 INSURANCE for 2,835,399.55 JMD
500 INSURANCE
7,088,498.89 JMD
Exchange 500 INSURANCE for 7,088,498.89 JMD
1000 INSURANCE
14,176,997.77 JMD
Exchange 1000 INSURANCE for 14,176,997.77 JMD
5000 INSURANCE
70,884,988.86 JMD
Exchange 5000 INSURANCE for 70,884,988.86 JMD
10000 INSURANCE
141,769,977.73 JMD
Exchange 10000 INSURANCE for 141,769,977.73 JMD
In the table above, you'll find a comprehensive INSURANCE to JMD converter that shows the value of insurance in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 INSURANCE to JMD, all the way up to 10000 INSURANCE, providing a clear view of their respective values.
Jamaican Dollar
insurance
1 JMD
0.{4}7054 INSURANCE
Exchange 1 JMD for 0.{4}7054 INSURANCE
10 JMD
0.0007054 INSURANCE
Exchange 10 JMD for 0.0007054 INSURANCE
50 JMD
0.003527 INSURANCE
Exchange 50 JMD for 0.003527 INSURANCE
100 JMD
0.007054 INSURANCE
Exchange 100 JMD for 0.007054 INSURANCE
200 JMD
0.01411 INSURANCE
Exchange 200 JMD for 0.01411 INSURANCE
500 JMD
0.03527 INSURANCE
Exchange 500 JMD for 0.03527 INSURANCE
1000 JMD
0.07054 INSURANCE
Exchange 1000 JMD for 0.07054 INSURANCE
2000 JMD
0.1411 INSURANCE
Exchange 2000 JMD for 0.1411 INSURANCE
5000 JMD
0.3527 INSURANCE
Exchange 5000 JMD for 0.3527 INSURANCE
10000 JMD
0.7054 INSURANCE
Exchange 10000 JMD for 0.7054 INSURANCE
50000 JMD
3.53 INSURANCE
Exchange 50000 JMD for 3.53 INSURANCE
100000 JMD
7.05 INSURANCE
Exchange 100000 JMD for 7.05 INSURANCE
In the table above, you'll find a comprehensive JMD to INSURANCE converter that shows the value of Jamaican Dollar in insurance across commonly used conversion amounts. The list covers conversions from 1 JMD to INSURANCE, all the way up to 100000 JMD, providing a clear view of their respective values.
In the past 1D, insurance has changed +2.07% to JMD. Based on the trend and price charts, insurance(INSURANCE) has changed +2.07% to JMD while Jamaican Dollar(JMD) has changed % to INSURANCE in the last 24 hours.
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INSURANCE to JMD conversion data: Volatility and price changes of insurance in JMD
The highest insurance price in JMD over the past 7 days was 14,181.28 JMD while the lowest insurance price in JMD over the past 7 days was 13,337.37 JMD. The relative change between the highs and lows in insurance price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and INSURANCE to JMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours
Last 7 days
Last 30 days
Last 90 days
High
14,181.28 JMD
14,181.28 JMD
14,181.28 JMD
14,181.28 JMD
Low
13,863.41 JMD
13,337.37 JMD
11,174.44 JMD
6,417.97 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
+2.07%
+5.98%
+28.21%
+119.10%
Buy
Sell
Buy INSURANCE (or USDT) for JMD (Jamaican Dollar) offers
insurance's current market price is $14,177 per INSURANCE, with a total market cap of $0 JMD based on a circulating supply of -- INSURANCE. The trading volume of insurance has changed by -30.23% ($-760,682.33 JMD) in the last 24 hours. Last trading day, INSURANCE's trading volume was $2,516,407.56.
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 insurance currency pair is the INSURANCE to JMD, with for insurance's currency code being INSURANCE. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
The exchange rate of 1 INSURANCE to Jamaican Dollar has changed by +5.98% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.07%, reaching a high of 14,181.28 JMD and a low of 13,863.41 JMD . One month ago, the value of 1 INSURANCE was $11,063.31 JMD , which represents a +28.21% change from its current value. Over the last year, insurance has changed by
+$
1,075.03JMD
, resulting in a change of +4985.43% in its value.
24 hours ago1 month ago1 year ago
Amount
19:34 today
24 hours ago
24h change
0.5 INSURANCE
$7,088.5
$6,945.28
+2.07%
1 INSURANCE
$14,177
$13,890.56
+2.07%
5 INSURANCE
$70,884.99
$69,452.81
+2.07%
10 INSURANCE
$141,769.98
$138,905.62
+2.07%
50 INSURANCE
$708,849.89
$694,528.08
+2.07%
100 INSURANCE
$1,417,699.78
$1,389,056.16
+2.07%
500 INSURANCE
$7,088,498.89
$6,945,280.82
+2.07%
1000 INSURANCE
$14,176,997.77
$13,890,561.63
+2.07%
INSURANCE to JMD FAQ
How much is 1 insurance in JMD?
Right now, the price of 1 insurance (INSURANCE) in Jamaican Dollar (JMD) is $14,177.
How much INSURANCE can I buy for 1 JMD?
Based on the current exchange rate, you can get 0.{4}7054 INSURANCE for 1 JMD.
How do I calculate or convert INSURANCE to JMD?
You can use our INSURANCE to JMD calculator at the top of this page to convert any amount of INSURANCE to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 0.0003527 INSURANCE, while 5 INSURANCE will cost around 70,884.99JMD.
What is the highest price of INSURANCE/JMD in history?
The all-time high price of 1 INSURANCE in JMD is $14,181.28. It remains to be seen if the value of 1 INSURANCE/JMD will exceed the current all-time high.
What is the price trend of insurance in JMD?
Over the past 7 days, the exchange rate of insurance (INSURANCE) has gone up by 5.98%.
Over the last month, the exchange rate of insurance (INSURANCE) has gone up by 28.21% against Jamaican Dollar (JMD).
What factors influence the conversion rate of INSURANCE to JMD?
There are many factors that affect the relationship between insurance 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 INSURANCE/JMD. When there is positive news in the market about the widespread adoption of INSURANCE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of INSURANCE/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in INSURANCE/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 INSURANCE/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 insurance and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular insurance currency pairs: INSURANCE to US Dollar (USD), INSURANCE to Euro (EUR), INSURANCE to Pound Sterling (GBP), INSURANCE to Canadian Dollar (CAD), INSURANCE to Indian Rupee (INR), INSURANCE to Pakistani Rupee (PKR), INSURANCE to Brazilian Real (BRL), INSURANCE to… The price of insurance in the US is $88.63 USD. Additionally, insurance’s price is €75.73 EUR in the eurozone, £65.38 GBP in the UK, C$122.44 CAD in Canada, ₹7,756.59 INR in India, ₨25,015.82 PKR in Pakistan, R$478.6 BRL in Brazil, and more. The most popular insurance currency pair is the INSURANCE to Jamaican Dollar(JMD). The price of 1 insurance (INSURANCE) in Jamaican Dollar (JMD) is $14,177.
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.