Old Jamaican Banknotes |
The Jamaican dollar is the national currency of Jamaica,
which is sometimes expressed using the currency code JMD or currency symbol J$.
There are various banknotes used in Jamaica with the most frequent ranging from
$50 to $5000. Although these amount sounds like a lot they are actually not
that much.
A neat little trick I learned to understand the conversion
between Jamaican dollars and Canadian or American dollars is to move 2 decimal
places left. For instance $1000 JMD is roughly $10.00 Canadian. My conversion
trick isn’t as accurate as apps like XE Currency but it gives you a sense of
what the money is valued so you can see and understand how you are spending
your money.
Most Recent Jamaican Banknotes |
The advice I would give to an exchange student or traveller
is to walk with as little money as possible and try to have JMD on you. But if
not American dollars is preferred over Canadian dollars; however, when you use
USD you lose out because you’re losing $200 to $300 JMD at a time.
Fun Fact:
The earliest currency in Jamaica was Spanish copper coins
called maravedies but the dollar has been Jamaican currency since 1969.