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MAG to JMD Converter and calculator

MAG/JMD: 1 MAG = 0.00 JMD. The price of converting 1 Magnum Trading (old) (MAG) to Jamaican Dollar (JMD) is 0.00 JMD today.
MAG
MAG
JMD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MAG to JMD real-time exchange rates, making it easy to convert Magnum Trading (old) (MAG) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 MAG is currently valued at 0 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MAG is currently valued at 0 JMD, which means buying 5 MAG would cost 0 JMD. Similarly, $1 JMD can be converted to Infinity MAG, and $50 JMD can be converted to Infinity MAG, excluding any platform or gas fees.

Convert MAG to JMD

Convert JMD to MAG

Magnum Trading (old)
Jamaican Dollar
In the table above, you'll find a comprehensive MAG to JMD converter that shows the value of Magnum Trading (old) in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 MAG to JMD, all the way up to 10000 MAG, providing a clear view of their respective values.
Jamaican Dollar
Magnum Trading (old)
100000 JMD
Infinity MAG
In the table above, you'll find a comprehensive JMD to MAG converter that shows the value of Jamaican Dollar in Magnum Trading (old) across commonly used conversion amounts. The list covers conversions from 1 JMD to MAG, all the way up to 100000 JMD, providing a clear view of their respective values.

MAG to JMD chart

MAG/JMD: 1 MAG = 0 JMD; 2025/04/30 03:27:47
In the past 1D, Magnum Trading (old) has changed -14.09% to JMD. Based on the trend and price charts, Magnum Trading (old)(MAG) has changed -14.09% to JMD while Jamaican Dollar(JMD) has changed % to MAG in the last 24 hours.
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MAG to JMD conversion data: Volatility and price changes of Magnum Trading (old) in JMD

The highest Magnum Trading (old) price in JMD over the past 7 days was 5.42 JMD while the lowest Magnum Trading (old) price in JMD over the past 7 days was 1.57 JMD. The relative change between the highs and lows in Magnum Trading (old) price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and MAG to JMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
1.57 JMD
5.42 JMD
6.82 JMD
15.21 JMD
Low
1.57 JMD
1.57 JMD
1.57 JMD
1.57 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
-14.09%
-70.88%
-69.18%
-88.51%

Magnum Trading (old) information

MAG to JMD market statistics

MAG/JMD:
--
MAG 24h volume:
--
MAG market cap:
--
MAG circulating supply:
0 MAG

Current MAG to JMD exchange rate

Magnum Trading (old) to Jamaican Dollar is falling this week.
Magnum Trading (old)'s current market price is $0 per MAG, with a total market cap of $0 JMD based on a circulating supply of -- MAG. The trading volume of Magnum Trading (old) has changed by 0.00% ($0 JMD) in the last 24 hours. Last trading day, MAG's trading volume was $0.

More info about Magnum Trading (old) 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.

Bitget crypto-to-fiat exchange data shows that the most popular Magnum Trading (old) currency pair is the MAG to JMD, with for Magnum Trading (old)'s currency code being MAG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.

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How to convert MAG to JMD

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Bitget P2P trading does not currently support direct buying of MAG with JMD. However, you can buy USDT in Bitget P2P trading first, and then buy MAG with USDT via Bitget spot market.
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MAG to JMD Conversion tables

The exchange rate of Magnum Trading (old) is decreasing.
The exchange rate of 1 MAG to Jamaican Dollar has changed by -70.88% in the last 7 days. In the last 24 hours, the rate has fluctuated by -14.09%, reaching a high of 1.57 JMD and a low of 1.57 JMD . One month ago, the value of 1 MAG was $3.52 JMD , which represents a -69.18% change from its current value. Over the last year, Magnum Trading (old) has changed by
-$
83.15JMD
, resulting in a change of -98.15% in its value.
24 hours ago1 month ago1 year ago
Amount03:27 am today24 hours ago24h change
0.5 MAG$0$0
-14.09%
1 MAG$0$0
-14.09%
5 MAG$0$0
-14.09%
10 MAG$0$0
-14.09%
50 MAG$0$0
-14.09%
100 MAG$0$0
-14.09%
500 MAG$0$0
-14.09%
1000 MAG$0$0
-14.09%

MAG to JMD FAQ

How much is 1 Magnum Trading (old) in JMD?
Right now, the price of 1 Magnum Trading (old) (MAG) in Jamaican Dollar (JMD) is $0.
How much MAG can I buy for 1 JMD?
Based on the current exchange rate, you can get Infinity MAG for 1 JMD.
How do I calculate or convert MAG to JMD?
You can use our MAG to JMD calculator at the top of this page to convert any amount of MAG to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to Infinity MAG, while 5 MAG will cost around 0.00JMD.
What is the highest price of MAG/JMD in history?
The all-time high price of 1 MAG in JMD is $240,209. It remains to be seen if the value of 1 MAG/JMD will exceed the current all-time high.
What is the price trend of Magnum Trading (old) in JMD?
Over the past 7 days, the exchange rate of Magnum Trading (old) (MAG) has gone down by 70.88%.   Over the last month, the exchange rate of Magnum Trading (old) (MAG) has gone down by 69.18% against Jamaican Dollar (JMD).

What factors influence the conversion rate of MAG to JMD?

There are many factors that affect the relationship between Magnum Trading (old) 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 MAG/JMD. When there is positive news in the market about the widespread adoption of MAG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MAG/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MAG/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 MAG/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 Magnum Trading (old) and adjust their investment strategies accordingly in the evolving market.

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