Bitget converter provides PAXG to JMD real-time exchange rates, making it easy to convert PAX Gold (PAXG) to Jamaican Dollar (JMD). The conversion result is based on real-time data. The conversion result shows that 1 PAXG is currently valued at 532,910.72 JMD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PAXG is currently valued at 532,910.72 JMD, which means buying 5 PAXG would cost 2,664,553.62 JMD. Similarly, $1 JMD can be converted to 0.{5}1876 PAXG, and $50 JMD can be converted to 0.{5}9382 PAXG, excluding any platform or gas fees.
In the table above, you'll find a comprehensive PAXG to JMD converter that shows the value of PAX Gold in Jamaican Dollar across commonly used conversion amounts. The list covers conversions from 1 PAXG to JMD, all the way up to 10000 PAXG, providing a clear view of their respective values.
In the table above, you'll find a comprehensive JMD to PAXG converter that shows the value of Jamaican Dollar in PAX Gold across commonly used conversion amounts. The list covers conversions from 1 JMD to PAXG, all the way up to 100000 JMD, providing a clear view of their respective values.
In the past 1D, PAX Gold has changed -0.86% to JMD. Based on the trend and price charts, PAX Gold(PAXG) has changed -0.86% to JMD while Jamaican Dollar(JMD) has changed % to PAXG in the last 24 hours.
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PAXG to JMD conversion data: Volatility and price changes of PAX Gold in JMD
The highest PAX Gold price in JMD over the past 7 days was 549,693.88 JMD while the lowest PAX Gold price in JMD over the past 7 days was 528,332.24 JMD. The relative change between the highs and lows in PAX Gold price in JMD over the last 7 days indicates a volatility of %. You can view additional volatility data and PAXG to JMD prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours
Last 7 days
Last 30 days
Last 90 days
High
538,203.66 JMD
549,693.88 JMD
555,743.25 JMD
559,509.94 JMD
Low
528,332.24 JMD
528,332.24 JMD
519,021.89 JMD
475,230.43 JMD
Average
0 JMD
0 JMD
0 JMD
0 JMD
Volatility
%
%
%
%
Change
-0.86%
-1.49%
-0.26%
+10.44%
PAX Gold information
PAXG to JMD market statistics
PAXG/JMD:
$532,910.72
PAXG 24h volume:
$12,910,943,834.06
PAXG market cap:
$142,951,028,396.51
PAXG circulating supply:
268.25K PAXG
Current PAXG to JMD exchange rate
PAX Gold to Jamaican Dollar is falling this week.
PAX Gold's current market price is $532,910.72 per PAXG, with a total market cap of $142,951,028,396.51 JMD based on a circulating supply of 268,245.72 PAXG. The trading volume of PAX Gold has changed by -42.67% ($-9,610,671,383.33 JMD) in the last 24 hours. Last trading day, PAXG's trading volume was $22,521,615,217.4.
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 PAX Gold currency pair is the PAXG to JMD, with for PAX Gold's currency code being PAXG. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for JMD.
The exchange rate of 1 PAXG to Jamaican Dollar has changed by -1.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.86%, reaching a high of 538,203.66 JMD and a low of 528,332.24 JMD . One month ago, the value of 1 PAXG was $534,281.82 JMD , which represents a -0.26% change from its current value. Over the last year, PAX Gold has changed by
+$
6,499.56JMD
, resulting in a change of +45.08% in its value.
24 hours ago1 month ago1 year ago
Amount
07:27 am today
24 hours ago
24h change
0.5 PAXG
$266,455.36
$268,775.03
-0.86%
1 PAXG
$532,910.72
$537,550.05
-0.86%
5 PAXG
$2,664,553.62
$2,687,750.27
-0.86%
10 PAXG
$5,329,107.25
$5,375,500.54
-0.86%
50 PAXG
$26,645,536.24
$26,877,502.68
-0.86%
100 PAXG
$53,291,072.48
$53,755,005.37
-0.86%
500 PAXG
$266,455,362.41
$268,775,026.84
-0.86%
1000 PAXG
$532,910,724.81
$537,550,053.68
-0.86%
PAXG to JMD FAQ
How much is 1 PAX Gold in JMD?
Right now, the price of 1 PAX Gold (PAXG) in Jamaican Dollar (JMD) is $532,910.72.
How much PAXG can I buy for 1 JMD?
Based on the current exchange rate, you can get 0.{5}1876 PAXG for 1 JMD.
How do I calculate or convert PAXG to JMD?
You can use our PAXG to JMD calculator at the top of this page to convert any amount of PAXG to JMD. We've also included quick-reference tables for the most popular conversions. For example, 5 JMD is equivalent to 0.{5}9382 PAXG, while 5 PAXG will cost around 2,664,553.62JMD.
What is the highest price of PAXG/JMD in history?
The all-time high price of 1 PAXG in JMD is $559,509.94. It remains to be seen if the value of 1 PAXG/JMD will exceed the current all-time high.
What is the price trend of PAX Gold in JMD?
Over the past 7 days, the exchange rate of PAX Gold (PAXG) has gone down by 1.49%.
Over the last month, the exchange rate of PAX Gold (PAXG) has gone down by 0.26% against Jamaican Dollar (JMD).
What factors influence the conversion rate of PAXG to JMD?
There are many factors that affect the relationship between PAX Gold 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 PAXG/JMD. When there is positive news in the market about the widespread adoption of PAXG or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PAXG/JMD. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PAXG/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 PAXG/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 PAX Gold and adjust their investment strategies accordingly in the evolving market.
Bitget crypto-to-fiat exchange data shows the popular PAX Gold currency pairs: PAXG to US Dollar (USD), PAXG to Euro (EUR), PAXG to Pound Sterling (GBP), PAXG to Canadian Dollar (CAD), PAXG to Indian Rupee (INR), PAXG to Pakistani Rupee (PKR), PAXG to Brazilian Real (BRL), PAXG to… The price of PAX Gold in the US is $3,352.99 USD. Additionally, PAX Gold’s price is €2,871.5 EUR in the eurozone, £2,447.01 GBP in the UK, C$4,599.96 CAD in Canada, ₹287,473.06 INR in India, ₨951,158.67 PKR in Pakistan, R$18,631.54 BRL in Brazil, and more. The most popular PAX Gold currency pair is the PAXG to Jamaican Dollar(JMD). The price of 1 PAX Gold (PAXG) in Jamaican Dollar (JMD) is $532,910.72.
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.