Convert Jamaican Dollar to United States Dollar
Please provide values below to convert Jamaican Dollar [JMD] to United States Dollar [USD], or Convert United States Dollar to Jamaican Dollar.
How to Convert Jamaican Dollar to United States Dollar
1 JMD = 160.0775 USD
Example: convert 15 JMD to USD:
15 JMD = 15 × 160.0775 USD = 2401.1625 USD
Jamaican Dollar to United States Dollar Conversion Table
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.