Compare Exchange Rates
Find the best rates across all financial institutions
🛒
Buy EUR
J$174.130
Best rate (lowest)
💰
Sell EUR
J$173.630
Best rate (highest)
📊
Spread
J$0.500
Gap between rates
🏛️
BOJ Rate
J$180.09
Official Oct 09
All Sources Comparison
Understanding the Spread
The spread is the difference between the buy and sell rate. It's how banks and cambios make money on foreign exchange.
A higher spread means you pay more when buying foreign currency, or get less when selling. It's a hidden cost that adds up, especially on larger amounts.
Spread Score Guide:
Low (<1%) - Good deal, low hidden cost
Medium (1-2%) - Average, typical spread
High (>2%) - Expensive, high hidden cost
| Bank / Institution | You Buy EUR | You Sell EUR |
|---|---|---|
|
Sc
Scotiabank
|
J$174.130
Lowest ✓
|
J$173.630
Highest ✓
|
|
Al
AllianceFinancial
|
J$182.000
|
J$172.000
|
|
FX
FX_Trader
|
J$181.700
|
J$170.200
|
|
JM
JMMB
|
J$180.700
|
J$167.400
|
|
Fi
FirstGlobal
|
J$185.000
|
J$171.000
|
|
JN
JNBank
|
J$184.920
|
J$170.280
|
|
CI
CIBC
|
J$186.438
|
J$160.288
|
✓
Best Spread (Lowest Hidden Cost)
Scotiabank
J$0.500 (0.3%)
📊
Widest Spread
CIBC
J$26.150 (14.0%)
💡 Understanding FX Rates & Spreads
When Exchanging Currency:
- 🛒 Buying EUR? Look for the lowest sell rate - you pay less JMD per $1 EUR
- 💰 Selling EUR? Look for the highest buy rate - you get more JMD per $1 EUR
- ⚠️ Check fees: Some institutions charge additional transaction fees on top of the rate
Understanding the Spread:
- 📊 What is spread? The difference between buy and sell rates - it's the institution's profit margin
- ✓ Low spread (<1%): Best value - the institution takes less profit from your exchange
- ! High spread (>2%): Hidden cost is higher - compare with other institutions first
💡 Pro Tip: Always compare spreads between institutions. A "good" exchange rate with a high spread might actually cost you more!