Convert Jamaican Dollar to Mexican Peso
Please provide values below to convert Jamaican Dollar [JMD] to Mexican Peso [MXN], or Convert Mexican Peso to Jamaican Dollar.
How to Convert Jamaican Dollar to Mexican Peso
1 JMD = 8.58591411806353 MXN
Example: convert 15 JMD to MXN:
15 JMD = 15 × 8.58591411806353 MXN = 128.788711770953 MXN
Jamaican Dollar to Mexican Peso Conversion Table
| Jamaican Dollar | Mexican Peso |
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Jamaican Dollar
The Jamaican Dollar (JMD) is the official currency of Jamaica, used for all monetary transactions within the country.
History/Origin
The Jamaican Dollar was introduced in 1969, replacing the Jamaican Pound at a rate of 1 dollar = 1.5 pounds. It has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the Jamaican Dollar is widely used in everyday transactions, banking, and commerce across Jamaica, with coins and banknotes issued by the Bank of Jamaica.
Mexican Peso
The Mexican Peso (MXN) is the official currency of Mexico, used for everyday transactions and financial exchanges within the country.
History/Origin
The Mexican Peso originated in the 19th century, evolving from the Spanish dollar and undergoing various reforms. It was decimalized in 1905 and has experienced multiple currency reforms, including the introduction of the current peso in 1993 to stabilize the economy.
Current Use
Today, the Mexican Peso is widely used in Mexico for all forms of payment, both cash and electronic, and is one of the most traded currencies in Latin America.