Convert United States Dollar to Jamaican Dollar
Please provide values below to convert United States Dollar [USD] to Jamaican Dollar [JMD], or Convert Jamaican Dollar to United States Dollar.
How to Convert United States Dollar to Jamaican Dollar
1 USD = 0.0062469741219097 JMD
Example: convert 15 USD to JMD:
15 USD = 15 × 0.0062469741219097 JMD = 0.0937046118286455 JMD
United States Dollar to Jamaican Dollar Conversion Table
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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.
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.