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JMD to EUR - Jamaican Dollar to Euro Converter

Convert Jamaican Dollar to Euro with daily ECB exchange rates

1 JMD = ~0.005383 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

JMD ↔ EUR can move quickly. Rely on live rates rather than mental math.

Set rate alerts and consider forward contracts for planned payments.

⚠️ Verify before transfers📊 Track policy announcements🔔 Set rate alerts

Common JMD - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Active
Tokyo
00:00 - 09:00 UTC
Active
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Closed

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Key drivers include Jamaican inflation, energy prices, ECB policy decisions, US dollar strength, tourism demand, and global market risk sentiment. These factors shape demand for JMD and EUR in international trades.

Economic Context

Trading Relationship

Jamaica engages in Mediterranean and European trade through tourism, agro-products, and light manufacturing. The JMD/EUR rate affects euro-denominated costs and European market access for Jamaican goods.

Key Rate Factors

  • •Bank of Jamaica policy and inflation
  • •European Central Bank monetary policy
  • •Jamaica-EU trade balance and tariffs
  • •Energy and commodity price movements
  • •Global risk sentiment and safe-haven flows

Central Banks

Bank of Jamaica
Kingston, Jamaica
Sets monetary policy, manages foreign reserves, and oversees financial system stability.
European Central Bank
Frankfurt, Germany
Sets euro-area policy and aims for price stability through interest rates and liquidity management.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates