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Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.87%
New listings on Bitget: Pi Network
BTC/USDT$82950.59 (+1.15%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$99.8M (1D); -$14.7M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
Bitget: Ranked top 4 in global daily trading volume!
BTC market share61.87%
New listings on Bitget: Pi Network
BTC/USDT$82950.59 (+1.15%)Fear and Greed Index28(Fear)
Altcoin season index:0(Bitcoin season)
Coins listed in Pre-MarketPAWS,WCTTotal spot Bitcoin ETF netflow -$99.8M (1D); -$14.7M (7D).Welcome gift package for new users worth 6200 USDT.Claim now
Trade anytime, anywhere with the Bitget app. Download now
CTY
JMD
Last updated as of 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 Custodiy(CTY) to Jamaican Dollar(JMD). This is the real-time data. The current conversion shows 1 CTY at a value of 1 CTY for 389.73 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 Custodiy currency pair is the CTY to JMD, with for Custodiy's currency code being CTY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
CTY to JMD conversion rate trend
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In the past 1D, Custodiy has changed +0.79% to JMD. Based on the trend and price charts, Custodiy(CTY) has changed +0.79% to JMD while Jamaican Dollar(JMD) has changed % to CTY in the last 24 hours.
CTY to JMD market statistics
CTY/JMD:
$ 389.73
CTY 24h volume:
$ 12,989,738.9
CTY market cap:
$ 193,516,128.68
CTY circulating supply:
496.54K CTY
More info about Custodiy on Bitget
Current CTY to JMD exchange rate
Custodiy to Jamaican Dollar is falling this week.Custodiy's current market price is $ 389.73 per CTY, with a total market cap of $ 193,516,128.68 JMD based on a circulating supply of 496,542 CTY. The trading volume of Custodiy has changed by -52.80% ($ -14,533,810.00 JMD) in the last 24 hours. Last trading day, CTY's trading volume was $ 27,523,548.9.
CTY to JMD Conversion tables
The exchange rate of Custodiy is decreasing.1 CTY is currently valued at $ 389.73 JMD , which means buying 5 CTY will cost $ 1,948.64 JMD . Similarly, $1 JMD can be traded for 0.002566 CTY, and $50 JMD can be converted to 0.1283 CTY, excluding any platform or gas fees.
The exchange rate of 1 CTY to Jamaican Dollar has changed by -31.01% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.79%, reaching a high of 389.84 JMD and a low of 386.49 JMD . One month ago, the value of 1 CTY was $ 599.26 JMD , which represents a -34.97% change from its current value. Over the last year, Custodiy has changed by , resulting in a change of -90.21% in its value.
-$
3,589.81JMDCTY to JMD
Amount
15:44 today
0.5 CTY
$194.86
1 CTY
$389.73
5 CTY
$1,948.64
10 CTY
$3,897.28
50 CTY
$19,486.38
100 CTY
$38,972.76
500 CTY
$194,863.8
1000 CTY
$389,727.61
JMD to CTY
Amount15:44 today
0.5JMD0.001283 CTY
1JMD0.002566 CTY
5JMD0.01283 CTY
10JMD0.02566 CTY
50JMD0.1283 CTY
100JMD0.2566 CTY
500JMD1.28 CTY
1000JMD2.57 CTY
CTY to JMD Today vs. 24 hours ago
| Amount | 15:44 today | 24 hours ago | 24h change |
|---|---|---|---|
| 0.5 CTY | $194.86 | $193.33 | +0.79% |
| 1 CTY | $389.73 | $386.66 | +0.79% |
| 5 CTY | $1,948.64 | $1,933.28 | +0.79% |
| 10 CTY | $3,897.28 | $3,866.55 | +0.79% |
| 50 CTY | $19,486.38 | $19,332.76 | +0.79% |
| 100 CTY | $38,972.76 | $38,665.52 | +0.79% |
| 500 CTY | $194,863.8 | $193,327.58 | +0.79% |
| 1000 CTY | $389,727.61 | $386,655.17 | +0.79% |
CTY to JMD Today vs. 1 month ago
| Amount | 15:44 today | 1 month ago | 1M change |
|---|---|---|---|
| 0.5 CTY | $194.86 | $299.63 | -34.97% |
| 1 CTY | $389.73 | $599.26 | -34.97% |
| 5 CTY | $1,948.64 | $2,996.32 | -34.97% |
| 10 CTY | $3,897.28 | $5,992.63 | -34.97% |
| 50 CTY | $19,486.38 | $29,963.17 | -34.97% |
| 100 CTY | $38,972.76 | $59,926.34 | -34.97% |
| 500 CTY | $194,863.8 | $299,631.69 | -34.97% |
| 1000 CTY | $389,727.61 | $599,263.37 | -34.97% |
CTY to JMD Today vs. 1 year ago
| Amount | 15:44 today | 1 year ago | 1Y change |
|---|---|---|---|
| 0.5 CTY | $194.86 | $1,989.77 | -90.21% |
| 1 CTY | $389.73 | $3,979.53 | -90.21% |
| 5 CTY | $1,948.64 | $19,897.67 | -90.21% |
| 10 CTY | $3,897.28 | $39,795.34 | -90.21% |
| 50 CTY | $19,486.38 | $198,976.71 | -90.21% |
| 100 CTY | $38,972.76 | $397,953.42 | -90.21% |
| 500 CTY | $194,863.8 | $1,989,767.1 | -90.21% |
| 1000 CTY | $389,727.61 | $3,979,534.21 | -90.21% |
How to convert CTY to JMD
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Verify your identity by entering your personal information and uploading a valid photo ID.
Convert CTY to JMD
Use a variety of payment options to buy Custodiy on Bitget. We'll show you how.
Buy CTY (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading does not currently support direct buying of CTY with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy CTY 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 CTY (or USDT) for JMD (Jamaican Dollar) offers
Bitget P2P trading currently does not support direct selling of CTY to JMD. However, you can first exchange CTY 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 CTY to JMD?
There are many factors that affect the relationship between Custodiy 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 CTY/JMD. When there is positive news in the market about the widespread adoption of CTY or major technological breakthroughs, it tends to trigger market optimism and drive the rise of CTY/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in CTY/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.
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 CTY/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 Custodiy and adjust their investment strategies accordingly in the evolving market.
Custodiy price prediction
What will the price of CTY be in 2026?
Based on CTY's historical price performance prediction model, the price of CTY is projected to reach $2.91 in 2026.
What will the price of CTY be in 2031?
In 2031, the CTY price is expected to change by +36.00%. By the end of 2031, the CTY price is projected to reach $9.55, with a cumulative ROI of +289.18%.
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Popular Custodiy Converter
Check out these popular currency conversions of Custodiy to several fiat currencies.
CTY to TWD
1 CTY to NT$ 81.96 TWD
CTY to CNY
1 CTY to ¥ 18.04 CNY
CTY to JMD
1 CTY to $ 389.73 JMD
CTY to USD
1 CTY to $ 2.47 USD
CTY to EUR
1 CTY to € 2.25 EUR
CTY to CAD
1 CTY to $ 3.52 CAD
CTY to KRW
1 CTY to ₩ 3,603.32 KRW
CTY to JPY
1 CTY to ¥ 360.56 JPY
CTY to GBP
1 CTY to £ 1.91 GBP
CTY to BRL
1 CTY to R$ 14.3 BRL
Popular cryptocurrencies to JMD
Explore other cryptocurrencies based on your interest in Custodiy.
FIL to JMD
1 FIL to $ 433.57 JMD
ATOM to JMD
1 ATOM to $ 788.6 JMD
USUAL to JMD
1 USUAL to $ 20.6 JMD
CRTS to JMD
1 CRTS to $ 0.04888 JMD
AMP to JMD
1 AMP to $ 0.5816 JMD
DGB to JMD
1 DGB to $ 1.71 JMD
CHEX to JMD
1 CHEX to $ 27.92 JMD
ZRO to JMD
1 ZRO to $ 479.8 JMD
VIDT to JMD
1 VIDT to $ 4.4 JMD
MLK to JMD
1 MLK to $ 24.03 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 Custodiy 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 Custodiy 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 Custodiy 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.
