Changing to Jamaican Dollars is necessary if you are planning to travel throughout the island. Those staying at an All Inclusive Property may not need to convert any currrency. Chances are they will not be leaving the property. Here are several basic tips which you may find useful.
Please do not change your currency at the Montego Bay International Airport to Jamaican Dollars. Upon arrival, there are several counters with large signs displaying currency conversion. The airport in fact gives a significant lower rate exchange for any currency in Jamaica .
The Cambios are regulated by the Bank of Jamaica
There are agencies by the name of Cambios scattered throughout the island. These agencies are authorised by the Bank of Jamaica to convert various currencies to Jamaican Dollars. Each day the Bank of Jamaica gives them the rate of exchange .
Cambios are quick and convenient. Most guests want to go to the bank to exchange their money. The banks in Jamaica very often have long lines. Unless you plan to spend a greater part of your vacation in lines go to the Cambio. They give the same rate as the bank.
The Cambios will exchange currencies from these major countries the Canada, The United States, the United Kingdom , and of course the European Euro. Please keep the receipts after each transaction in case you have the unspent Jamaican Dollars at the end of you trip. The Cambios will only reconvert Jamaican Dollars with a receipt but at a lower rate.
The United States Dollars is international currency of Travel. Most places will accept this currency. However, it is not guaranteed that change will be given back in United States Dollars . This is where most tourist get confused. One website that offers the current exchange rate for most major currency is XE Currency Converter . The servi ce is abosolutely. If you are given back change is Jamaica you can check the value of the change to ensure the change is accurate.