Compare Exchange Rates
Find the best rates across all financial institutions
🛒
Buy EUR
J$177.870
Best rate (lowest)
💰
Sell EUR
J$177.370
Best rate (highest)
📊
Spread
J$0.500
Gap between rates
🏛️
BOJ Rate
J$182.64
Official Jul 21
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$177.870
Lowest ✓
|
J$177.370
Highest ✓
|
|
Al
AllianceFinancial
|
J$180.900
|
J$170.900
|
|
NC
NCB
|
J$185.300
|
J$174.800
|
|
FX
FX_Trader
|
J$184.900
|
J$173.500
|
|
JM
JMMB
|
J$183.800
|
J$170.100
|
|
JN
JNBank
|
J$186.520
|
J$171.640
|
|
Fi
FirstGlobal
|
J$186.000
|
J$170.000
|
|
CI
CIBC
|
J$188.672
|
J$162.361
|
✓
Best Spread (Lowest Hidden Cost)
Scotiabank
J$0.500 (0.3%)
📊
Widest Spread
CIBC
J$26.311 (13.9%)
💡 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!