JMD · JMD
Jamaican Dollar (JMD)
The Jamaican Dollar (JMD) is the official currency of Jamaica. Learn about its history, denominations, and role in the Caribbean economy.
Convert this currency
Converted amount
0.0063 USD
Exchange rate
1 JMD = 0.006334 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
JMD · Jamaican Dollar
Jamaican Dollar (JMD): Overview and History
The Jamaican Dollar (JMD) has been the official currency of Jamaica since 1969, when it replaced the Jamaican pound at a rate of two dollars to one pound. The currency is issued by the Bank of Jamaica, the country's central bank, and is denoted by the symbol "$" or "J$" to distinguish it from other dollar-denominated currencies. The JMD is subdivided into 100 cents, with coins in denominations of 1, 5, 10, 20, and 25 cents, as well as 1, 5, 10, and 20 dollars. Banknotes are available in denominations of 50, 100, 500, 1000, and 5000 dollars, featuring notable Jamaican figures and landmarks.
The Jamaican Dollar operates under a floating exchange rate regime, with its value determined by market forces. The currency has experienced periods of depreciation against major currencies like the US dollar, influenced by factors such as inflation, trade balances, and tourism revenues. Jamaica's economy relies heavily on tourism, remittances, and exports such as bauxite and alumina, which significantly impact the demand for and supply of the JMD. The Bank of Jamaica implements monetary policy to maintain price stability and support economic growth, often intervening in the foreign exchange market to smooth excessive volatility.
For travelers and businesses, understanding the JMD is essential for transactions within Jamaica. While US dollars are widely accepted in tourist areas, the official currency for everyday transactions is the Jamaican Dollar. It is advisable to exchange currency at authorized dealers or banks to get competitive rates. The JMD's history reflects Jamaica's economic journey, from its colonial past to its current status as a vibrant Caribbean nation. As with any currency, its value fluctuates, and it is important to stay informed about current exchange rates for financial planning.
- Code
- JMD
- Symbol
- JMD
- Current rate
- USD / JMD
Currency information
Last updated · 8/7/2026
The Jamaican dollar was introduced in 1969, replacing the Jamaican pound at a rate of 2 dollars per pound.
- Official name
- Jamaican Dollar
- Legal tender status
- Legal tender in Jamaica
- Decimal places
- 2
- Minor unit
- Cent · 1 JMD = 100 Cent
- Countries
- Jamaica
- Issuing authority
- Bank of Jamaica
- Central bank
- Bank of Jamaica · Official website
- Exchange-rate regime
- Floating exchange rate
Common banknotes
$50 · $100 · $500 · $1000 · $5000
Common coins
$1 · $5 · $10 · $20
Also known as
JMD · JA$ · Jamaican Dollar · $
Practical notes
- The symbol 'J$' is used to distinguish from other dollar currencies.
- Banknotes are issued in denominations of $50, $100, $500, $1000, and $5000.
- Coins are issued in denominations of $1, $5, $10, and $20.
Priority currency pairs
The most useful conversions for this currency.
Jamaican Dollar questions
What is the JMD exchange rate?
The displayed rate is the latest available reference rate for USD/JMD. It can change throughout the day.
How can I convert JMD online?
Use the converter above to calculate indicative amounts between JMD and the other supported currencies.