Jamaican Dollar

Jamaican Dollar

The dollar has been the currency of Jamaica since 1969. It is often abbreviated "J$", the J serving to distinguish it from other dollar-denominated currencies. It is divided into 100 cents.

British Pound

British Pound

The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha. It is subdivided into 100 pence (singular: penny, abbreviated: p). A number of nations that do not use sterling also have currencies called the pound. At various times, the pound sterling was commodity money or bank notes backed by silver or gold, but it is currently fiat money, backed only by the economy in the areas where it is accepted. The pound sterling is the world's oldest currency still in use and which has been in continuous use since its inception.Sterling is the fourth most-traded currency in the foreign exchange market, after the United States dollar, the euro, and the Japanese yen. Together with those three currencies and the Chinese yuan it forms the basket of currencies which calculate the value of IMF special drawing rights. Sterling is also the third most-held reserve currency in global reserves (about 4%).The British Crown dependencies of Guernsey, Jersey and the Isle of Man produce their own local issues of sterling (the Guernsey pound, the Jersey pound and the Manx pound) which are considered fully equivalent to UK sterling in their respective regions. The pound sterling is also used in Gibraltar (alongside the Gibraltar pound), the Falkland Islands (alongside the Falkland Islands pound), Saint Helena and Ascension Island in Saint Helena, Ascension and Tristan da Cunha (alongside the Saint Helena pound). The Bank of England is the central bank for the pound sterling, issuing its own coins and banknotes, and regulating issuance of banknotes by private banks in Scotland and Northern Ireland. Banknotes issued by other jurisdictions are not regulated by the Bank of England; local governments use Bank of England notes as backing for local issuance by allowing them to be exchanged 1:1 at face value.

166 Jamaican Dollar to British Pound exchange rates chart

166 JMD to GBP exchange rates graph
166 JMD to GBP Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

166 JMD to GBP exchange rates table

Exchange JMD to GBP
166 Jamaican Dollar = 1.000 British Pound
332 Jamaican Dollar = 2.000 British Pound
830 Jamaican Dollar = 5.001 British Pound
1660 Jamaican Dollar = 10.002 British Pound
Exchange Jamaican Dollar to British Pound
166 Jamaican Dollar to British Pound Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

166 JMD to GBP exchange rates news

Curvy Diva aims to 'Konka' with new endorsement deal

Konka Energy Drink has announced a multi-million dollar deal with media personality and recording artiste, Yanique “Curvy Diva” Barrett, that will see the popular pu

conditional positive
Jamaican dollar closes at $127 on Monday

The Jamaican dollar revalued by 15 cents against the US dollar during Monday’s trading day, according to the trading summary from the Bank of Jamaica (BOJ). The dollar

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The fatigue of development and jobs:

There were two principal programmes to deal with the gaps in the domestic and external accounts. ...

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Jamaican dollar climbs 27 cents against US, nears $126 territory

The Jamaican dollar continued to appreciate against its US counterpart on Friday, gaining 27 cents against the greenback, according to the Bank of Jamaica (BOJ) trading s

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Survey: Foreigners seeking property prefer to pay cash

More than half the foreign interest in regional real estate, whether to buy or lease, emanates from the United States, a new study has found.The report also ranks Jamaica as the third most sought...

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Asia stocks tumble after US rout; Tokyo down 3%

SYDNEY (BLOOMBERG) - Asian stocks tumbled at the open on Tuesday (Nov 13), with Japanese benchmarks sliding more than 3 per cent, following a tech-led slump on Wall Street overnight thanks to a deteriorating outlook for iPhone sales.. Read more at straitstimes.com.

indicative positive
Currency traders betting on a Brexit deal are having a rough time
Currency traders betting on a Brexit deal are having a rough time

A buoyant U.S. dollar, helped by uncertainties in the eurozone, is weighing on the British pound and making this Monday a painful start to the week for traders who believe a Brexit deal, which would likely give sterling a massive boost, could be near.

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Great British pound slides in value amid renewed Brexit worries
Great British pound slides in value amid renewed Brexit worries

The Great British pound has slid in value against the US dollar amid renewed worries surrounding the ongoing issue of Brexit.

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British Pound Jumps As Barnier Says Brexit Treaty Text "Almost Ready"

Reporting to EU27 Ministers today after late night talks, Michel Barnier, the EU’s Chief Negotiator says “the parameters of a possible agreement are very largely defined”

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166 JMD to GBP currency converter