What is the
best Send Money conversion rate for USD to JMD?
The best USD to JMD exchange rate is 158.14 from XE. This is -0.6% compared to the mid-market rate 159.10.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Jamaican dollar (JMD) rates from different sources before making a conversion.
The above
Western Union - Dollar to Jamaican dollar comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Western Union and other foreign exchange providers against the latest USD-JMD mid-rate and the possible savings of using various providers.
How do Western Union USD-JMD rates compare between providers?
Looking at the full
USD to JMD - Send Money comparison table the provider with the best USD to JMD exchange rate is XE at 158.14, -0.6% from the latest mid-market rate 159.10.
The next best is Wise at 158.06, -0.65% from the mid-rate.
Then WorldRemit at 155.28, which is -2.4% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like Western Union or platforms that offer rates closer to the mid-market rate.