OTK
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 Octokn(OTK) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 OTK at a value of 1 OTK for 4.03 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 Octokn currency pair is the OTK to JMD, with for Octokn's currency code being OTK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
OTK to JMD conversion rate trend
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In the past 1D, Octokn has changed -4.42% to JMD. Based on the trend and price charts, Octokn(OTK) has changed -4.42% to JMD while Jamaican Dollar(JMD) has changed % to OTK in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $4.03 | 0.0200% / 0.0320%  VIP 7 | |
KuCoin | $4.01 | 0.1000% / 0.1000% | Yes |
Last updated 2024/11/13 00:00:24(UTC+0)
How to buy Octokn
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 Octokn (OTK)
Use a variety of payment options to buy Octokn on Bitget. We'll show you how.
Buy OTK (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of OTK with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy OTK 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 OTK (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of OTK to JMD. However, you can first exchange OTK 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 Octokn to Jamaican Dollar?
Octokn to Jamaican Dollar is rising this week.Octokn's current market price is $ 4.03 per OTK, with a total market cap of $ 1,220,830,089.41 JMD based on a circulating supply of 303,136,900 OTK. The trading volume of Octokn has changed by -25.57% ($ -5,439,286.63 JMD) in the last 24 hours. Last trading day, OTK's trading volume was $ 21,268,315.56.
Market cap
$7.68M
24h volume
$99.56K
Circulating supply
303.14M OTK
Conversion tables
The exchange rate of Octokn is decreasing.1 OTK is currently valued at $ 4.03 JMD , which means buying 5 OTK will cost $ 20.14 JMD . Similarly, $1 JMD can be traded for 0.2483 OTK, and $50 JMD can be converted to 12.42 OTK, excluding any platform or gas fees.
The exchange rate of 1 OTK to Jamaican Dollar has changed by +6.94% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.42%, reaching a high of 4.4 JMD and a low of 3.83 JMD . One month ago, the value of 1 OTK was $ 4.65 JMD , which represents a -13.36% change from its current value. Over the last year, Octokn has changed by , resulting in a change of +187.43% in its value.
+$
2.63JMDOTK to JMD
Amount
00:37 am today
0.5 OTK
$2.01
1 OTK
$4.03
5 OTK
$20.14
10 OTK
$40.27
50 OTK
$201.37
100 OTK
$402.73
500 OTK
$2,013.66
1000 OTK
$4,027.32
JMD to OTK
Amount00:37 am today
0.5JMD0.1242 OTK
1JMD0.2483 OTK
5JMD1.24 OTK
10JMD2.48 OTK
50JMD12.42 OTK
100JMD24.83 OTK
500JMD124.15 OTK
1000JMD248.3 OTK
Today vs. 24 hours ago
| Amount | 00:37 am today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 OTK | $0.01267 | $0.01325 | -4.42% |
| 1 OTK | $0.02533 | $0.02650 | -4.42% |
| 5 OTK | $0.1267 | $0.1325 | -4.42% |
| 10 OTK | $0.2533 | $0.2650 | -4.42% |
| 50 OTK | $1.27 | $1.33 | -4.42% |
| 100 OTK | $2.53 | $2.65 | -4.42% |
| 500 OTK | $12.67 | $13.25 | -4.42% |
| 1000 OTK | $25.33 | $26.5 | -4.42% |
Today vs. 1 month ago
| Amount | 00:37 am today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 OTK | $0.01267 | $0.01462 | -13.36% |
| 1 OTK | $0.02533 | $0.02924 | -13.36% |
| 5 OTK | $0.1267 | $0.1462 | -13.36% |
| 10 OTK | $0.2533 | $0.2924 | -13.36% |
| 50 OTK | $1.27 | $1.46 | -13.36% |
| 100 OTK | $2.53 | $2.92 | -13.36% |
| 500 OTK | $12.67 | $14.62 | -13.36% |
| 1000 OTK | $25.33 | $29.24 | -13.36% |
Today vs. 1 year ago
| Amount | 00:37 am today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 OTK | $0.01267 | $0.004408 | +187.43% |
| 1 OTK | $0.02533 | $0.008817 | +187.43% |
| 5 OTK | $0.1267 | $0.04408 | +187.43% |
| 10 OTK | $0.2533 | $0.08817 | +187.43% |
| 50 OTK | $1.27 | $0.4408 | +187.43% |
| 100 OTK | $2.53 | $0.8817 | +187.43% |
| 500 OTK | $12.67 | $4.41 | +187.43% |
| 1000 OTK | $25.33 | $8.82 | +187.43% |
Octokn price prediction
What will the price of OTK be in 2025?
Based on OTK's historical price performance prediction model, the price of OTK is projected to reach $0.007303 in 2025.
What will the price of OTK be in 2030?
In 2030, the OTK price is expected to change by +7.00%. By the end of 2030, the OTK price is projected to reach $0.01739, with a cumulative ROI of -33.49%.
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Popular Octokn conversions
Check out these popular currency conversions of Octokn to several fiat currencies.
Octokn to USD
1 OTK to $ 0.02533 USD
Octokn to GBP
1 OTK to £ 0.01987 GBP
Octokn to EUR
1 OTK to € 0.02384 EUR
Octokn to KRW
1 OTK to ₩ 35.66 KRW
Octokn to CAD
1 OTK to $ 0.03532 CAD
Octokn to AUD
1 OTK to $ 0.03877 AUD
Octokn to JPY
1 OTK to ¥ 3.92 JPY
Octokn to BRL
1 OTK to R$ 0.1456 BRL
Octokn to CNY
1 OTK to ¥ 0.1834 CNY
Octokn to TWD
1 OTK to NT$ 0.8220 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Octokn.
Bitcoin to JMD
1 BTC to $ 14,043,050.2 JMD
EGO to JMD
1 EGO to $ 5.09 JMD
RabBitcoin to JMD
1 RBTC to $ 0.002615 JMD
Dogecoin to JMD
1 DOGE to $ 59.79 JMD
Cronos to JMD
1 CRO to $ 29.24 JMD
Cardano to JMD
1 ADA to $ 90.33 JMD
Worldcoin to JMD
1 WLD to $ 391.5 JMD
X Empire to JMD
1 X to $ 0.04798 JMD
Render to JMD
1 RENDER to $ 1,129.96 JMD
Act I : The AI Prophecy to JMD
1 ACT to $ 88.28 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 Octokn 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 Octokn 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 Octokn 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.
