Convert 16 Canadian Dollar (CAD) to Jamaican Dollar (JMD)
Exchange rates used for currency conversion updated on December 22nd 2024 ( 12/22/2024 )
Below you will find the latest exchange rates for exchanging Canadian Dollar (CAD) to Jamaican Dollar (JMD) , a table containing most common conversions and a chart with the pair's evolution.
The Canadian Dollar (CAD) to Jamaican Dollar (JMD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Canadian Dollar and Jamaican Dollar on 12/22/2024 is 1 CAD = 108.6552 JMD - AVERAGE intraday quotes were used for this currency conversion.
The Bank of Canada manges the circulation and monetary policy of the floating yet highly dependent currency. The Canadian dollar (CAD) is heavily intertwined with economic developments in the United States and the USD this is compounded with the high trade dependence Canada shares with the US and is only mitigated by the price of commodities such as oil in which Canada is a net exporter and therefore can leverage these exports to support the CAD independent of the USD. The Bank of Canada follows its mandate of promoting the economic well being of the nation in juxtaposition to the mandate of many central banks as price stability.
About Jamaican Dollar (JMD)
The official currency of Jamaica is the Jamaican dollar. It is symbolized in currency trades as JMD and has as its symbol in writing "$", "J$", or "JA$" depending on the context. The JMD is subdivided into 100 subunits known as cents and symbolized as "c".
The Bank of Jamaica issues coins in values of 1, 10, 25 cents as well as 1, 5, 10, and 20 dollars. They issue banknotes in values of 50, 100, 500, and 1000 dollars with a $5000 note under consideration.
The Bank of Jamaica is the central bank of Jamaica, serves under the Minister of Finance of Jamaica, and has as its mission the development and growth of the Jamaican economy.
