JMD/GBP
Market Open
14 Jun, 21:00
£
0. 004751
+0.000094
+2.0119%
£
1 Volume
£ 0.004657
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JMDGBP Overview
JMDGBP denotes the exchange rate between the Jamaican Dollar (JMD) and the Pound Sterling (GBP), expressing the price of one Jamaican dollar in terms of pounds. It tracks how many pounds are required to purchase a single unit of Jamaica’s currency and is quoted as JMDGBP in forex markets.
The Jamaican Dollar is the official currency of Jamaica, used across the island nation and by its domestic economy. Banknotes and coins are issued and regulated by the Bank of Jamaica, which is responsible for monetary policy, currency stability, and financial sector oversight within the country.
Pound Sterling is the official currency of the United Kingdom and one of the world’s major reserve currencies. The Bank of England issues and manages the pound, setting policy instruments such as interest rates and conducting operations aimed at maintaining price stability and supporting the UK’s financial system.
Movements in the JMDGBP rate reflect supply and demand dynamics in currency markets and are influenced by relative interest rates, inflation differentials, central bank actions, trade flows, and geopolitical developments. Market sentiment and capital flows can also produce short-term volatility.
For market participants, the JMDGBP cross matters for importers, exporters, remitters, and speculators seeking to hedge currency exposure or capitalize on rate movements between the Caribbean and UK economies.
The Jamaican Dollar is the official currency of Jamaica, used across the island nation and by its domestic economy. Banknotes and coins are issued and regulated by the Bank of Jamaica, which is responsible for monetary policy, currency stability, and financial sector oversight within the country.
Pound Sterling is the official currency of the United Kingdom and one of the world’s major reserve currencies. The Bank of England issues and manages the pound, setting policy instruments such as interest rates and conducting operations aimed at maintaining price stability and supporting the UK’s financial system.
Movements in the JMDGBP rate reflect supply and demand dynamics in currency markets and are influenced by relative interest rates, inflation differentials, central bank actions, trade flows, and geopolitical developments. Market sentiment and capital flows can also produce short-term volatility.
For market participants, the JMDGBP cross matters for importers, exporters, remitters, and speculators seeking to hedge currency exposure or capitalize on rate movements between the Caribbean and UK economies.
JMDGBP Chart
JMDGBP FAQ
What is the current JMD/GBP price?
The current rate is £0.004751, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the JMD/GBP rate changed today?
The rate has changed by +0.000094 (+2.0119%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was £0.004657, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is JMD/GBP moving up or down?
Movements in JMD/GBP are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+2.0119%) is based on the difference between the current rate and the previous closing rate.
Is JMD/GBP trending up or down right now?
If the current rate (£0.004751) is above the previous close (£0.004657), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for JMD/GBP directly on this page.
