Frequently Asked Questions (FAQs) JMD-EUR
Where to change and where not to change Jamaican Dollars to euros in Spain 
Foreign banknotes like the Jamaican Dollar or the euro are totally identical in all locations: banks, currency suppliers in your city and airports. If you seek for good rates, Cambiator helps you find the best JMD-EUR exchange exchange of the day, with no charge.
If you are interested in convenience or trust, it is best to collect directly your euros in exchange for your Jamaican Dollars at a store near your hotel, home or office. You can find these alternatives on this results page where you are now.
When is the best moment to sell dollars JMD to euros in Spain?
How does the JMD to EUR currency exchange work?
Currency suppliers and banks are retailers that buy from travellers or wholesalers the banknotes they estimate to sell to travellers demanding from them dollars JMD at the wholesale exchange rate or the retail rate (interbank exchange rate) and add their working margin.
They profit from the dollars JMD you offer them and sell those notes to other people at their selling price of the day, earning that differene.
E.g, if you wish to sell dollars JMD in exchange for euros, you go to a currency supplier or a bank and pay the Buy rate of the day they advertise. Such rate already includes a profit for the currency supplier.
Is there a limit to the amount of dollars that I can sell from an online supplier in Spain when I change dollars to euros?
The average purchase of the typical traveler who sells dollars to Euros is the equivalent in euros to seven hundred euros, which is a quantity that falls within the limits of the holiday money providers that operate with travelers in Spain.
The higher the purchase in euros of your dollars to change, the higher the probability that you will be asked for your business activity data in addition to your passport or ID card.
How will I find the best JMD-EUR exchange rate today in Spain?
Getting to know the best exchange rate for the Jamaican Dollars with respect to the euro today in Spain, is simple.
The first thing we advise you is to not trust the prices of the currency converters that appear on the Internet. These rates are for foerign currency but not for banknotes. Additionally, they are exclusive to banks. The prices you pay as a consumer are less competitive.
The second thing you should do is look at the direct JMD-EUR exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that changes constantly).
The higher that number is, the more euros they will give you for every Jamaican Dollar you give in.
Therefore, the best exchange price will be the higher exchange rate. Cambiator makes it easy for you to find out the best JMD-EUR exchange rate. Our results page sorts Euro offers from highest to lowest rate of the day in various currency suppliers, banks and airports in Spain.
Where can I sell Jamaica dollars for euros during my holidays in Spain today?
People only think of their bank when they sell Jamaica dollars to euros. Yet Cambiator recommends that you get to know the alternative of foreign exchange providers. And this is because practically all banks in Spain apply on you a fixed fee of 3% (with a minimum of 6 to 10 euros) in addition to a margin on the Jamaica dollars that you sell them in exchange for euros.
On the other hand, the currency suppliers that announce no commission are more interesting to your purse since they do not apply on you this commission.
Cambiator compares always for you the JMD-EUR currency exchange rates in your location so that you can choose the alternative that best suits you.
Do I need to provide any kind of identity card to sell my Jamaica dollars in exchange for euros?
Most of the time, to sell Jamaica dollars for euros, the European antimoney laundering norms require holiday money suppliers to "know their customers" (KYC (Know Your Customer)). This means that you will have to identify yourself as a buyer or seller with a a valid and current identity card (resident´s ID card (DNI or NIE) or passport).
I have previously changed Euros to dollars JMD, what can I do if I have leftover dollars JMD when I return to Spain?
All foreign currency suppliers in Spain are dedicated to the sale and purchase of currency. If you come back with dollars JMD left over once your travels are over, you only need to go to Cambiator.es and choose our Sell your currency tab in the top menu.
Then find your town of residence and Cambiator will show you how many Euros the different travel money suppliers will offer on the day in your city for your remaining dollars JMD.
Keep in mind that they will uniquely purchase you dollars JMD notes but not loose change.
Is it recommendable to make an online reservation of dollars for euros in Spain?
Without doubt. We have been analyzing the the currency suppliers and banks in Spain for over 5 years and we know that, depending on the currency you want to sell, some currencies are easy to accept in exchange for euros and other less frequent ones aren´t.
Usually the JMD-EUR price will be cheaper when you order them online to collect them in store than if you go directly to the currency provider store.
Is it safe to change Jamaica dollars to euros online in Spain?
Indeed. You can change your Jamaica dollars for euros in the online store of a holiday money provider that has an online resevation service.
Additionally, they will permit you the possibility of booking online and picking your euros at one of their stores.
For your information prices vary each day so it will be optimal to order online the very day you will head to the outlet to do a JMD to EUR change.