Compare Kuwait Dinar to Jamaica Dollar For Sending Money to Jamaica from USA

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Mid Market Rate

The mid-market rate is the midpoint between the buy and sell prices of two currencies.
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Travelex is a money remittance company which is specially known for providing effective services to travelers across the world. People can transfer money online, use its money card and get currency exchanged at its stores. 
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

About USD and JMD

The JMD might not be the most stable currency compared to the USD. However, the two sets of currencies do enjoy healthy international exchange rates. It, therefore, means there are already established methods of transferring money from US to Jamaica. One of the major concerns for most people who want to carry out such international cash transfers is the exorbitant high exchange rates.

Thanks to Exchange Rate IQ however, you can avoid such exploitative money transfer companies with this list of US to Jamaica money transfer service providers.

Best Way to Send Money from the USA to Jamaica

When talking about the best way to send money from USA to Jamaica, you need to know that people have different preferences. With that said, we have highlighted some of the most preferred methods of money transfer to Jamaica from US and they include;

  1. Online Money Transfer

    The use of technology has revolutionised almost every sector. It has, as a result, made easy and cheap to transfer money from US to Jamaica. One of the most competitive providers currently in the market is World Remit. Their current exchange rates are favorable with regards to the JMD. Moreover, they don’t charge any transaction fee. The other online money transfer service provider that you can trust when you want to send money from US to Jamaica online is Xoom.

  2. Direct Bank Transfer

    Jamaica boasts of numerous banks which accept international payments and some Jamaican banks operate in the US as well. If you are the kind of person who intends to send money to Jamaica from USA regularly, then you could consider banks such as National Commercial Ban and Victoria Mutual Building Society.

  3. Post Office Services

    Jamaica is among the 30 countries worldwide in which you can send money through an international money order. If you intend to send money from USA to Jamaica, walk into any post office and ask for an international money order. Each money order should cost you around $3.85 per order. 

What to consider when you want to transfer money from the USA to Jamaica.

Just like any other form of shipment, there are several factors you will have to consider before settling on any international money transfer company. Here are the critical aspects to take into consideration when sending money from the USA to Jamaica.

  • Exchange Rate from USD to JMD

    This is the most fundamental aspect of them all. You want to send money and still not pay too much for the same. There are several money transfer services with favorable USD to JMD exchange rates even though these figures keep shifting.

  • Transfer Time

    While you might not have an emergency, most of the time, I bet you would also not want a service that takes days to complete money transfer. The faster the money transfer, the better.

  • The amount you want to send

    Some money transfer channels will not accept amounts above certain limits. So, you will need to enquire first more so if you have loads of money to send.

The fastest way to send money from the USA to Jamaica

If you need your money to get to the desired destination faster than the average time, then the best alternative is online money transfer services. It will take roughly a few minutes to transfer money from the USA to Jamaica through online transfer companies.

The cost for these instant services can range anything between a reasonable fee to free depending on your service provider of choice. If you want a good alternative for the fastest way to send money from USA to Jamaica then you can consider Western Union.

FAQ's

How many times can I send money from the USA to Jamaica?

You can send money to Jamaica from the US as many times as you wish to. You will, however, have to confirm with the money transfer service provider the number of transactions they allow per day in case they have limits.

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What is the maximum amount of money I can transfer from the USA to Jamaica?

It depends on the type of money transfer service you are using. But, most online transfer services have a low maximum limits compared to banks. 

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What do I do in case I send money to the wrong recipient?

You will need to notify your service provider first before anything else. However, you will have to be careful next time because money reversal comes at an extra cost. Before you send money to Jamaica from USA, take advantage of the slow confirmation process to confirm the recipients’ details.

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Historical Mid Market Exchange Rate From Kuwait Dinar (KWD) to Jamaica Dollar (JMD) (Weekly)

Current Exchange Rate(Mid Market) :- 466.8 JMD/KWD

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion KWD To JMD

Send Kuwait Dinar To JAMAICA Receive Jamaica Dollar
1 KWD TO JMD 466.8
50 KWD TO JMD 23340
100 KWD TO JMD 46680
250 KWD TO JMD 116700
500 KWD TO JMD 233400
1000 KWD TO JMD 466800
5000 KWD TO JMD 2334000
10000 KWD TO JMD 4668000
Send Jamaica Dollar Receive Kuwait Dinar From JAMAICA
1 JMD FROM KWD --
50 JMD FROM KWD --
100 JMD FROM KWD --
250 JMD FROM KWD --
500 JMD FROM KWD --
1000 JMD FROM KWD --
5000 JMD FROM KWD --
10000 JMD FROM KWD --

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