TIPS to JMD Converter and calculator


Conversion rates
Convert TIPS to JMD
Convert JMD to TIPS
TIPS to JMD chart
TIPS to JMD conversion data: Volatility and price changes of Just The Tip in JMD
Last 24 hours | Last 7 days | Last 30 days | Last 90 days | |
---|---|---|---|---|
High | 0.3515 JMD | 0.4669 JMD | 0.4943 JMD | 1.85 JMD |
Low | 0.2699 JMD | 0.2699 JMD | 0.2699 JMD | 0.2699 JMD |
Average | 0 JMD | 0 JMD | 0 JMD | 0 JMD |
Volatility | % | % | % | % |
Change | -19.47% | -33.10% | -42.89% | -85.16% |
Just The Tip information
TIPS to JMD market statistics
Current TIPS to JMD exchange rate
Just The Tip to Jamaican Dollar is falling this week.More info about Just The Tip on Bitget
Jamaican Dollar 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.
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TIPS to JMD Conversion tables
Amount | 03:11 am today | 24 hours ago | 24h change |
---|---|---|---|
0.5 TIPS | $0 | $0.03410 | -19.47% |
1 TIPS | $0 | $0.06820 | -19.47% |
5 TIPS | $0 | $0.3410 | -19.47% |
10 TIPS | $0 | $0.6820 | -19.47% |
50 TIPS | $0 | $3.41 | -19.47% |
100 TIPS | $0 | $6.82 | -19.47% |
500 TIPS | $0 | $34.1 | -19.47% |
1000 TIPS | $0 | $68.2 | -19.47% |
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