Good Monday! Does anyone know the current exchange rate for Canadian $ to JA $?
Printable View
Good Monday! Does anyone know the current exchange rate for Canadian $ to JA $?
Today is between 89 - 90 to 1...
Thanks Rob. Enjoy your Day!
Rob - do you happen to know the exchange to US? debating on getting it before we leave unless it's much better there.Quote:
Originally Posted by Rob
Thanks!
Fitzy, the official rate is 99 JMD per Canadian dollar. My experience has been that if you go to ScotiaBank ATM, you will get about 3% less than official rate, so you'll get about 96 J per CAD$$
mamade, i retrieved 300USD from an RBC in Canada billed at 409$ CAD = 1.363333 conversion rate last week (22 jan).
I find if you can get 90 + JMD$ or more per 1CAD$ it is worth it to just convert straight there, and then I base my whole weeks negotications and dealings on an almost 1CAD - 100JMD rate for easy and quick mental calculations.
The Cambio exchange rate was 120 to 121 to 1 today...Quote:
Originally Posted by mamade11
Wow, that's like over 9% cut. Official rate is 131J per dollar. That's pretty steep.Quote:
Originally Posted by Rob
That is the inter-bank rate.
The exchange rate is fluctuating now, banks and cambios are not big on speculation. And today's rate at NCB was 117.5, much less than the cambio be rates.
It is what it is...
Thank you!Quote:
Originally Posted by Rob
The CAD rate at NCB today is 96.50 to 1...
Well it really depends on what your bank charges for an exchange rate. Ally bank only charges 1% so I'm expecting to get around $128-$129J to $1US if the international rate is $131J to $1US
The inter-bank rate today is 134 to 1...Quote:
Originally Posted by ukran1ans
How do you get it that high ukran1ans? I guess I don't get the whole thing..... The best I can get here is AAA with no fee at 121 today. The banks I checked are lower. I just figure if its about the same as the cambio, i might as well do it now and not worry about it.Quote:
Originally Posted by ukran1ans
I get it that high because I just withdraw Jamaican cash from a Scotia bank with my Ally Bank Debit card (I don't go to an exchange counter). I only bring a few hundred cash US when I come down (mainly to pay my car service) and just use the Jamaican cash that I withdraw from the Scotia Bank. Ally bank only charges me a %1 fee to use their debit card internationally, which is why I get a good rate. So my driver from the airport takes me to a Scotia ATM, I'll pull out $30,000JM per transaction (which is only about $230 US deducted from my checking account) usually pulling out a 2nd transaction of $30,000JM to stay under the US daily ATM limit of $500 (and walking away with $60,000JM). Depending on how much I spend during the week, I'll go back to a Scotia bank later in the week for 1 or 2 more $30,000JM transactions to have enough money for my 10 day stay.Quote:
Originally Posted by mamade11
SO after saying all that, call your bank and ask 2 things. 1) Do they allow you to use your Debit card in Jamaica? 2) What percentage do they charge for an international transaction with your ATM card? If they they allow you to use the debit card in Jamaica and charge 3% or less in transaction fees, you'll be saving money doing it that way vs going to a cambio. Just make sure you notify your bank before your trip of the dates you'll be using your debit card in Jamaica.
I hope this helps...
BTW, ALLY Bank is an online bank. You can sign up with them for free and then transfer your travel money to your Ally checking account electronically before your trip to get the same exact deal that I get.
https://tickers.TickerFactory.com/ez...ced5/event.png
https://tickers.TickerFactory.com/ez...d537/event.png
Thank you!!! Now I get it. I was always afraid to use my debit there..... You gave me an idea so I checked with Capital one (online also). I have a 360 checking there,
they said they charge 0 fee, you would only pay whatever the bank charge is from the machine in Jamaica. I may try it this year! Thanks again, hopefully we run into you when we are there!!
Don't get me wrong, I get nervous using my Debit card there too. Which is why I only use it at a Scotia bank ATM and when not being used it's back in the safe.Quote:
Originally Posted by mamade11
Yeah, I'll be starting my trip at the Seastar the first 2 nights on the cliffs (maybe you guys can see the show there Sat night?) but I'll be at Whites Sands by Monday the 11th, down the beach from you guys, so I'm sure I'll run into you. If not there... Roots or Alfreds for some shows later in the week maybe? Heck, we fly in the same day, maybe see you ladies at the airport.. LOL (I land around 10:30 am).
https://tickers.TickerFactory.com/ez...ced5/event.png
https://tickers.TickerFactory.com/ez...d537/event.png
We don't get in until 1:30 but will be at Roots for a show or two. Will see you around!
1:30 arrival? Yeah, I plan on being at the Seastar pool bar by then ;)Quote:
Originally Posted by mamade11
https://tickers.TickerFactory.com/ez...ced5/event.png
https://tickers.TickerFactory.com/ez...d537/event.png
Things are looking up! Thanks for keeping me posted :encouragement:Quote:
Originally Posted by Rob
Woops!:p Guess that one wasn't for me. Enjoy your day!!!!Quote:
Originally Posted by Fitzy