XCD to JMD

XCD - East Caribbean Dollar ($)
JMD - Jamaican Dollar ($)
1 XCD1 JMD

Currency conversion rates from XCD to JMD

XCDJMD
1 XCD1 JMD
5 XCD5 JMD
10 XCD10 JMD
20 XCD20 JMD
50 XCD50 JMD
100 XCD100 JMD
250 XCD250 JMD
500 XCD500 JMD
1000 XCD1000 JMD
2000 XCD2000 JMD
5000 XCD5000 JMD
10000 XCD10000 JMD
JMDXCD
1 JMD1 XCD
5 JMD5 XCD
10 JMD10 XCD
20 JMD20 XCD
50 JMD50 XCD
100 JMD100 XCD
250 JMD250 XCD
500 JMD500 XCD
1000 JMD1000 XCD
2000 JMD2000 XCD
5000 JMD5000 XCD
10000 JMD10000 XCD

JMD - Jamaican Dollar (J$)

Jamaican Dollar

The Jamaican Dollar is the official currency of Jamaica. Jamaica is an island nation of the Greater Antilles. The new Jamaican Dollar differs from all other dollars in the British West Indies because it was based on the half-pound sterling. All other dollars were founded on either the US Dollar or the Spanish Dollar.

The Jamaican Dollar is the currency in Jamaica (JM, JAM). The symbol for JMD can be written J$. The Jamaican Dollar is divided into 100 cents. The exchange rate for the Jamaican Dollar was last updated on May 24, 2019 from Yahoo Finance. The JMD conversion factor has 5 significant digits.

Economy

  • Jamaica is a mixed economy with state enterprises and private sector companies.
  • The main sectors of the Jamaican economy are agriculture, mining, manufacturing, tourism, and financial services and insurance.
  • Tourism and mining are the main sources of foreign exchange.
  • Half of Jamaica's economy is based on services, and half of its revenues are from services such as tourism. An estimated 1.3 million foreign tourists visit Jamaica each year.

History

  • The history of the Jamaican Dollar should not be seen in isolation from the British West Indies as a whole. Its unique feature was that it was the only territory in the British West Indies to use special issues of the British Pound Sterling, except for the four pence groat coin issued for all the British West Indies.
  • Replacement coins valued at 1 cent (for 1.2 pence), 5 cents (for 6 pence), 10 cents (for1 shilling), 20 cents (for 2 shillings), and 25 cents (for 2 shillings 6 pence) were produced. With the exception of the United Nations small bronze penny, the compositions, sizes, and shapes of the coins were identical to those they replaced.
  • The Jamaican Dollar value fluctuates, but in January 2011 it was at approximately 85 USD.

More information about JMD - Jamaican Dollar (J$)


XCD - East Caribbean Dollar ($)

East Caribbean Dollar

The East Caribbean dollar is the currency used in eight of the nine nations in the Organisation of Eastern Caribbean States — Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Anguilla (UK Territory), and Montserrat (UK Territory). The British Virgin Islands is the only member of the OECS that uses its own currency. The East Caribbean Dollar is designated by EC$ and has been pegged to the US Dollar at US$1 = EC$2.70 since 1976.

The East Caribbean Dollar is the currency in Antigua and Barbuda (AG, ATG), Dominica (DM, DMA), Grenada (GD, GRD), Saint Kitts and Nevis (KN, KNA), Saint Lucia (LC, LCA), and Saint Vincent and the Grenadines (VC, VCT). The symbol for XCD can be written EC$. The East Caribbean Dollar is divided into 100 cents. The exchange rate for the East Caribbean Dollar was last updated on May 24, 2019 from Yahoo Finance. The XCD conversion factor has 2 significant digits.

Economy

  • The economies of the OECS member states vary significantly, but most of them rely upon tourism and agriculture to varying extents. Offshore banking also represents a large proportion of the GDP for several of the OECS nations.
  • Many of the islands are home to multinational corporations, typically in financial services, who have large offices in a few of the OECS nations to take advantage of low or no taxation.
  • As the member states are small island nations, they are heavily reliant upon imports. Exportation is relatively limited, though some of the nations do export agricultural products such as bananas, and cocoa.

History

  • Prior to 1965, OECS members were part of the West Indies Federation, using BWI$ as their currency. However many members of the WIF either did not adopt the BWI$. Trinidad and Tobago withdrew from the union in 1964, leading to a lack of support for the BWI$.
  • In 1965, the British West Indies Dollar was replaced at par by the East Caribbean Dollar.
  • In 1966, British Guiana withdrew from the currency union, and in 1972, Barbados also withdrew from the currency union.
  • Between 1965 and 1983, the Eastern Caribbean Currency Authority issued the EC$, with notes and coins from 1965 from 1981.
  • The Eastern Caribbean Central Bank, based in Basseterre, Saint Kitts and Nevis was created by the Eastern Caribbean Central Bank Agreement signed in Port of Spain on July 5, 1983.

More information about XCD - East Caribbean Dollar ($)