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Jamaican Dollar

Jamaican Dollar Rates

For a live quote on the Jamaican Dollar, simply fill in your details on the form above and an FSA-regulated currency expert will be in touch with a competitive quote.

 

Latest Rates

Please see our latest exchange rates page for the most up-to-date mid-market rate.


Recent Trading Range

In 2011, the Jamaican Dollar traded between 130 and 139 against the Pound.


Latest Jamaican Dollar Exchange Rate News

Please see our news section for the latest currency news affecting worldwide exchange rates. You can also visit our dedicated page on money transfers to Jamaica, including timescales and information needed to make your transfer.


Overview - JMD

The earliest money in Jamaica was Spanish copper coins called maravedíes. In 1825 British sterling coinage was introduced into all the British colonies, and in 1839 an act was passed by Parliament declaring that as of December 31, 1840, only British coinage would be legal tender in Jamaica, demonetizing all of the Spanish coins, with the exception of the gold doubloon.

 

More recently, in 1904, the first government-authorised banknotes were produced in the denomination of 10 shillings, and in 1940, the government bank began producing £1 and £5 notes. On January 30, 1968, the Jamaican House of Representatives voted to decimalize the currency by introducing the dollar, worth 10 shillings, to replace the Jamaican pound. The value of the Jamaican dollar fluctuates but in January 2011 it was approximately J$85 to US$1.

 

The value of the Jamaican Dollar tends to follow the US Dollar very closely. Throughout 2011, the pair only fluctuated by an amount of around 1.6%, so as a guide if you need to send money to Jamaica you can follow US Dollar rates for a reasonable idea of which way the exchange rate will be moving.