Jamaican Dollar (JMD) Exchange Rates on 28th January 2020 (28/01/2020)
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Exchange rates for Jamaican Dollar (JMD)
| Updated: 2020-01-28 | |||||||||
| Convert from | Convert to | 1 JMD | Conversion | in currency | Conversion | ||||
 JMD |
 GBP |
0.0055 | JMD to GBP | 180.207 | GBP to JMD | ||||
| JMD |
 BGN |
0.0128 | JMD to BGN | 77.8846 | BGN to JMD | ||||
| JMD |
 HRK |
0.0489 | JMD to HRK | 20.463 | HRK to JMD | ||||
| JMD |
 CZK |
0.1658 | JMD to CZK | 6.0298 | CZK to JMD | ||||
| JMD |
 DKK |
0.0491 | JMD to DKK | 20.3787 | DKK to JMD | ||||
| JMD |
 EEK |
0 | JMD to EEK | 0 | EEK to JMD | ||||
| JMD |
 HUF |
2.2149 | JMD to HUF | 0.4515 | HUF to JMD | ||||
| JMD |
 KZT |
2.7581 | JMD to KZT | 0.3626 | KZT to JMD | ||||
| JMD |
 LVL |
0.0044 | JMD to LVL | 228.4827 | LVL to JMD | ||||
| JMD |
 LTL |
0.0214 | JMD to LTL | 46.8064 | LTL to JMD | ||||
| JMD |
 MKD |
0.4046 | JMD to MKD | 2.4719 | MKD to JMD | ||||
| JMD |
 MDL |
0.1278 | JMD to MDL | 7.8271 | MDL to JMD | ||||
| JMD |
 NOK |
0.0661 | JMD to NOK | 15.1262 | NOK to JMD | ||||
| JMD |
 PLN |
0.0281 | JMD to PLN | 35.6047 | PLN to JMD | ||||
| JMD |
 RON |
0.0314 | JMD to RON | 31.8537 | RON to JMD | ||||
| JMD |
 RUB |
0.4547 | JMD to RUB | 2.1992 | RUB to JMD | ||||
| JMD |
 SKK |
0 | JMD to SKK | 0 | SKK to JMD | ||||
| JMD |
 SEK |
0.0696 | JMD to SEK | 14.36 | SEK to JMD | ||||
| JMD |
 CHF |
0.007 | JMD to CHF | 142.3639 | CHF to JMD | ||||
| JMD |
 TRY |
0.043 | JMD to TRY | 23.2562 | TRY to JMD | ||||
| JMD |
 UAH |
0.1781 | JMD to UAH | 5.6155 | UAH to JMD | ||||
Jamaican Dollar (JMD)
Sign J$
1 Jamaican Dollar is subdivided into 100 cents.
The JMD is the official currency code for the Jamaican dollar. The JMD is the official currency of the Jamaica and can be divided into 100 cents in money transactions. The symbol for the dollar is officially "$" though oftentimes it is written as "J$" or "JA$" in order to differentiate it from other dollar based currencies. The symbol for each cent or cents is "c". Then central Bank of Jamaica is appropriately named, the Bank of Jamaica and it controls the circulation of the JMD as well as Jamaican monetary policy which has an impact on its value. The Bank of Jamaica serves under the direction of the Jamaican Minister of Finance and therefore is not an independent central bank. The banks targets are growth and development of Jamaica and not on price stability except to the extent that it affects the primary growth mandate.
Coins used:
-frequently 25c, $1, $5, $10, $20
-rarely 1c, 10c
Banknotes used:
-frequently $50, $100, $500, $1000
-rarely $5000
Central Bank
Bank of Jamaica
http://www.boj.org.jm
The Bank of Jamaica currently issues paper currency banknotes in denominations of $50, $100, $500, and $1000 and coins are minted in denominations of 1c, 10c, 25c, $1, $5, $10, and $20. The currency itself is a free floating currency with its value closely monitored as it relates to the United States dollar ( USD).
The JMD has consistently fallen in value over the years, with its value moving from J$0.77 for every US$1 to where it stood recently at J$89 for every US$1. That constant decline along with a current 10% Jamaican inflation rate has led the Bank of Jamaica into considering the addition of a J$5,000 banknote to current circulation. This possibility has been criticized by other parts of the Jamaican government as being a sign of the loss in value of the JMD, but over time those criticisms will fall aside as the government understands the J$5,000 note is a reflection of reality, not a cause in and of itself.
Other References
Wikipedia article on Jamaican Dollar
XE.com Live Currency Converter for JMD
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