Can somebody please explain what they are?? Can you pull money out like an ATM ?? Or is it just for turning $$ into ja$ iam a little confused
Can somebody please explain what they are?? Can you pull money out like an ATM ?? Or is it just for turning $$ into ja$ iam a little confused
It's where you exchange currency only
Choochy420
I see, thank you.. So maybe someone can explain why it's better to use ja$ over us$ when there are bank fees plus exchange rates
Cambios exchange currency. They usually post the rates on the window outside and inside the building. Don't exchange at the airport, they always have the lowest rates. I think using ja currency helps the local economy.
Just an example, we'll say a beer costs 250 J or 3 US
250j = 2.45 US so your beer is much cheaper in JA funds
Many places round up when quoting US prices because they have no change , never in your favour
Hope this helps.
Last edited by Rasta Stan; 03-21-2013 at 01:09 PM.
Give thanks! I was under the impression that most places would price things like 100j or 1$ 500j=5$ type thing.. Makes more since then.. I appreciate the help.. Google doesn't respond to my questions lol
Hotels and restaurants rarely give as good an exchange rate as a Cambio or even an ATM. NEVER change US to JMD at the airport. NEVER change US to JMD at a US bank before you leave. Oh, it is often not wise to change money on the streets in JA.
While cambios give you a little less than the BANK rate ,it is not much, the biggest thing in paying Ja is you got it for say 96 to 1, a hotel or bar will only give you say 90 to1 , if they say the beer is 3 dollars, that would be 3x90 or 270 Ja not the cambio rate of 96x3 or 288 Ja! You just saved 18 Ja by using cambio money. All things are in a drunks frame of beer prices!
Rule of thumb: If the prices are listed in $J pay with $J. If the prices are listed in $US pay with $US. That way there is no loss of in exchange.