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Thread: Cambio

  1. #1
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    Cambio

    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

  2. #2
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    Re: Cambio

    It's where you exchange currency only
    Choochy420

  3. #3
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    Re: Cambio

    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

  4. #4
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    Re: Cambio

    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.

  5. #5
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    Re: Cambio

    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.

  6. #6
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    Re: Cambio

    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

  7. #7
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    Re: Cambio

    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.

  8. #8
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    Re: Cambio

    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!

  9. #9
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    Re: Cambio

    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.

  10. #10
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    Re: Cambio

    In my experience boardies have more, and much better answers than Google......

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