JMD/USD
Market Open
14 Jun, 21:00
$
0. 006372
+0.000124
+1.9852%
$
1 Volume
$ 0.006248
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JMDUSD Overview
The JMDUSD currency pair represents the exchange rate between the Jamaican Dollar (JMD) and the United States Dollar (USD). It indicates the value of one Jamaican dollar expressed in US dollars, showing how many USD are required to purchase a single unit of JMD.
The Jamaican Dollar is Jamaica’s official fiat currency, circulating across the island economy for transactions, savings, and pricing. The Bank of Jamaica is the issuing authority and is responsible for monetary policy, currency issuance, and measures to maintain price stability and financial sector resilience.
The United States Dollar is the official currency of the United States and serves as the primary global reserve and transaction currency. Issued by the Federal Reserve System, the USD’s liquidity and interest-rate settings are key drivers of international capital flows and exchange-rate dynamics.
Movements in the JMDUSD rate are determined by foreign-exchange supply and demand as well as macroeconomic fundamentals: interest-rate differentials, inflation trends, central-bank policy actions, trade and remittance flows, and shifts in investor risk appetite. Geopolitical events and commodity price swings can also spur volatility.
For traders, firms, and individuals, monitoring JMDUSD is important for hedging cross-border exposure, pricing imports and exports, managing remittances and travel costs, and identifying speculative opportunities in emerging-market currency markets.
The Jamaican Dollar is Jamaica’s official fiat currency, circulating across the island economy for transactions, savings, and pricing. The Bank of Jamaica is the issuing authority and is responsible for monetary policy, currency issuance, and measures to maintain price stability and financial sector resilience.
The United States Dollar is the official currency of the United States and serves as the primary global reserve and transaction currency. Issued by the Federal Reserve System, the USD’s liquidity and interest-rate settings are key drivers of international capital flows and exchange-rate dynamics.
Movements in the JMDUSD rate are determined by foreign-exchange supply and demand as well as macroeconomic fundamentals: interest-rate differentials, inflation trends, central-bank policy actions, trade and remittance flows, and shifts in investor risk appetite. Geopolitical events and commodity price swings can also spur volatility.
For traders, firms, and individuals, monitoring JMDUSD is important for hedging cross-border exposure, pricing imports and exports, managing remittances and travel costs, and identifying speculative opportunities in emerging-market currency markets.
JMDUSD Chart
JMDUSD FAQ
What is the current JMD/USD price?
The current rate is $0.006372, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the JMD/USD rate changed today?
The rate has changed by +0.000124 (+1.9852%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was $0.006248, 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/USD moving up or down?
Movements in JMD/USD are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+1.9852%) is based on the difference between the current rate and the previous closing rate.
Is JMD/USD trending up or down right now?
If the current rate ($0.006372) is above the previous close ($0.006248), 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/USD directly on this page.
