1 JMD to GTQ | Jamaican Dollar to Quetzal

Learn how to get the best Jamaican Dollar exchange rate before exchanging your money

The Jamaican Dollar is the official Jamaican Dollar currency. JMD/GTQ represents the value of Jamaican Dollar money in Quetzal money and it is called the 'exchange rate' or 'forex rate'. This exchange rate from Jamaican Dollar to Quetzal is today at 0.050.

As an example, suppose you are from Guatemala City Guatemala and you travel to Kingston Jamaica. There, you need to get 1000 Jamaican Dollars ( J$) at a Kingston bank to pay your hotel. In this case you would pay 0.050 * 1000 = 50.066 Quetzals (Q). But, in practice, you will pay more (or perhaps much more) to get the same amount of your foreign currency due to the margin for the money conversion services costs like: commissions, credit card surcharges, ATM fees and other expenses. If, for example, you are using a credit card, this margin will typically be around 2 to 3 percent. We recommend that you choose the best place to make your money exchange because there can be a large difference between forex rates you will get.

In the example above for a 1000 Jamaican Dollars amount, the result of the money conversion is 51.068 GTQ for a 2% margin or 51.568 GTQ for a 3% margin.

Some Internet based foreign currency exchange agencies add 10 percent or even more. So, if you make the same calculations above, there will be a difference of about 5.007 GTQ depending on which forex bank or agency you choose to exchange your money. So, that's why we advise you to seek the best place to get the best fx rates for your upcoming money transfer/exchange. The only way to know what is the best exchange rate is to know what the current rate is. You can easily accomplish this by using periodically our currency converter above to get an idea of what forex rate to expect.

Note: If you use our currency converter, you only need to choose the amount of margin in its drop-down list and have an estimate of how much you will pay to get the desired amount.

By the way: there are some notations for this currency pair like JMD-GTQ or JMDGTQ among others. The currency symbol for Jamaican Dollar is (J$) while the currency symbol for Quetzal is (Q). Note also that the Jamaica country code is JAM or JM. The Guatemala country code is GTM or GT