Jamaica is a very easy country to send money to. Fortunately, there are many well-rounded options, and many other options meant to suit your specific needs. The currency exchange rate fluctuations of recent years have proven somewhat sporadic. However, there are generally no significant problems when sending money to Jamaica.
The current exchange rate for the Jamaican Dollar (JMD) is 133.3904 JMD per American Dollar (USD), as of the time this was written. The JMD reached a high of 136.0403 JMD per USD, and a low of 129.1198 JMD per USD over the last 90 days. The average exchange rate for the JMD was 133.0011 JMD per USD over the last 90 days.
The JMD has held an average volatility rate of 0.76% over the last 90 days. This is a moderate volatility rate, but the JMD has gone through significant fluctuations over the course of the last two years. You can reasonably expect moderate, but somewhat unpredictable fluctuations in currency exchange rates to continue going forward, barring any unforeseen circumstances.
The fastest way to transfer money to Jamaica is through Ria Money Transfer’s fast service. Ria Money Transfer’s fast service will see to it that your money reaches its Jamaican destination in a matter of minutes. Ria Money Transfer’s fast service also doesn’t cost too much more than the slow service. It also compares well to the other competitors when it comes to price.
The cheapest way to send money is through TransferWise. TransferWise charges an upfront fee that appears larger, but they more than make up for this with their absence of hidden currency conversion costs.
The easiest way is also through TransferWise. TransferWise is a very simple service to use. All you have to do is tap in the amount of money and the destination. After that, you just complete the payment to TransferWise, then your money will be on its way to Jamaica. From there, it only takes a day or two to get there.
The second thing that makes TransferWise great is how many countries you can send money from. This makes it more ubiquitous as well as more convenient for frequent travelers.
The overall best way is through TransferWise. TransferWise offers the best balance between cost, speed, and ease of use of the money transfer services in Jamaica. Furthermore, it’s very easy to use from so many different countries and doesn’t give users any real hassle. Because of its versatility and well-rounded offer, TransferWise is the best way to go.