SIMP
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 SO-COL(SIMP) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 SIMP at a value of 1 SIMP for 0.05 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 SO-COL currency pair is the SIMP to JMD, with for SO-COL's currency code being SIMP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
SIMP to JMD conversion rate trend
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In the past 1D, SO-COL has changed +0.12% to JMD. Based on the trend and price charts, SO-COL(SIMP) has changed +0.12% to JMD while Jamaican Dollar(JMD) has changed % to SIMP in the last 24 hours.
Conversion rate comparison of various exchanges
| Exchange | Price | Maker / Taker Fee | Tradable |
|---|---|---|---|
Bitget  Best | $0.05458 | 0.0200% / 0.0320%  VIP 7 | |
KuCoin | $0.1129 | 0.1000% / 0.1000% | Yes |
Last updated 2024/09/04 01:00:15(UTC+0)
How to buy SO-COL
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 SO-COL (SIMP)
Use a variety of payment options to buy SO-COL on Bitget. We'll show you how.
Buy SIMP (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of SIMP with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy SIMP 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 SIMP (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of SIMP to JMD. However, you can first exchange SIMP 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 SO-COL to Jamaican Dollar?
SO-COL to Jamaican Dollar is rising this week.SO-COL's current market price is $ 0.05458 per SIMP, with a total market cap of $ 0 JMD based on a circulating supply of -- SIMP. The trading volume of SO-COL has changed by -88.97% ($ -193,008.67 JMD) in the last 24 hours. Last trading day, SIMP's trading volume was $ 216,938.75.
Market cap
$0
24h volume
$150.72385161
Circulating supply
0 SIMP
Conversion tables
The exchange rate of SO-COL is decreasing.1 SIMP is currently valued at $ 0.05458 JMD , which means buying 5 SIMP will cost $ 0.2729 JMD . Similarly, $1 JMD can be traded for 18.32 SIMP, and $50 JMD can be converted to 916.17 SIMP, excluding any platform or gas fees.
The exchange rate of 1 SIMP to Jamaican Dollar has changed by +2.54% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.12%, reaching a high of 0.05469 JMD and a low of 0.05410 JMD . One month ago, the value of 1 SIMP was $ 0.06966 JMD , which represents a -21.66% change from its current value. Over the last year, SO-COL has changed by , resulting in a change of -83.02% in its value.
-$
0.2667JMDSIMP to JMD
Amount
12:38 today
0.5 SIMP
$0.02729
1 SIMP
$0.05458
5 SIMP
$0.2729
10 SIMP
$0.5458
50 SIMP
$2.73
100 SIMP
$5.46
500 SIMP
$27.29
1000 SIMP
$54.58
JMD to SIMP
Amount12:38 today
0.5JMD9.16 SIMP
1JMD18.32 SIMP
5JMD91.62 SIMP
10JMD183.23 SIMP
50JMD916.17 SIMP
100JMD1,832.34 SIMP
500JMD9,161.69 SIMP
1000JMD18,323.38 SIMP
Today vs. 24 hours ago
| Amount | 12:38 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 SIMP | $0.0001719 | $0.0001717 | +0.12% |
| 1 SIMP | $0.0003437 | $0.0003433 | +0.12% |
| 5 SIMP | $0.001719 | $0.001717 | +0.12% |
| 10 SIMP | $0.003437 | $0.003433 | +0.12% |
| 50 SIMP | $0.01719 | $0.01717 | +0.12% |
| 100 SIMP | $0.03437 | $0.03433 | +0.12% |
| 500 SIMP | $0.1719 | $0.1717 | +0.12% |
| 1000 SIMP | $0.3437 | $0.3433 | +0.12% |
Today vs. 1 month ago
| Amount | 12:38 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 SIMP | $0.0001719 | $0.0002194 | -21.66% |
| 1 SIMP | $0.0003437 | $0.0004387 | -21.66% |
| 5 SIMP | $0.001719 | $0.002194 | -21.66% |
| 10 SIMP | $0.003437 | $0.004387 | -21.66% |
| 50 SIMP | $0.01719 | $0.02194 | -21.66% |
| 100 SIMP | $0.03437 | $0.04387 | -21.66% |
| 500 SIMP | $0.1719 | $0.2194 | -21.66% |
| 1000 SIMP | $0.3437 | $0.4387 | -21.66% |
Today vs. 1 year ago
| Amount | 12:38 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 SIMP | $0.0001719 | $0.001012 | -83.02% |
| 1 SIMP | $0.0003437 | $0.002023 | -83.02% |
| 5 SIMP | $0.001719 | $0.01012 | -83.02% |
| 10 SIMP | $0.003437 | $0.02023 | -83.02% |
| 50 SIMP | $0.01719 | $0.1012 | -83.02% |
| 100 SIMP | $0.03437 | $0.2023 | -83.02% |
| 500 SIMP | $0.1719 | $1.01 | -83.02% |
| 1000 SIMP | $0.3437 | $2.02 | -83.02% |
SO-COL price prediction
What will the price of SIMP be in 2025?
Based on SIMP's historical price performance prediction model, the price of SIMP is projected to reach $0.0004237 in 2025.
What will the price of SIMP be in 2030?
In 2030, the SIMP price is expected to change by +5.00%. By the end of 2030, the SIMP price is projected to reach $0.0007153, with a cumulative ROI of +87.98%.
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Popular SO-COL conversions
Check out these popular currency conversions of SO-COL to several fiat currencies.
SO-COL to USD
1 SIMP to $ 0.0003437 USD
SO-COL to GBP
1 SIMP to £ 0.0002696 GBP
SO-COL to EUR
1 SIMP to € 0.0003234 EUR
SO-COL to KRW
1 SIMP to ₩ 0.4804 KRW
SO-COL to CAD
1 SIMP to $ 0.0004795 CAD
SO-COL to AUD
1 SIMP to $ 0.0005262 AUD
SO-COL to JPY
1 SIMP to ¥ 0.05325 JPY
SO-COL to BRL
1 SIMP to R$ 0.001976 BRL
SO-COL to CNY
1 SIMP to ¥ 0.002485 CNY
SO-COL to TWD
1 SIMP to NT$ 0.01114 TWD
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in SO-COL.
EGO to JMD
1 EGO to $ 4.48 JMD
Super Trump Coin to JMD
1 STRUMP to $ 0.5386 JMD
Bitcoin to JMD
1 BTC to $ 13,949,855.64 JMD
SolarX to JMD
1 SXCH to $ -- JMD
Dogecoin to JMD
1 DOGE to $ 60.86 JMD
Solana to JMD
1 SOL to $ 32,924.87 JMD
Bonk to JMD
1 BONK to $ 0.005577 JMD
Cardano to JMD
1 ADA to $ 84.74 JMD
Artificial Superintelligence Alliance to JMD
1 FET to $ 208.29 JMD
XRP to JMD
1 XRP to $ 106.18 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 SO-COL 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 SO-COL 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 SO-COL 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.
